GLEIF Webcast ‘Advancing Digital Identity with the LEI’
The way we work has been revolutionized by technology. The automation and digitization of many manual processes within and across organizations has led to considerable time and cost savings. In this increasingly globalized digital economy, a few clear challenges emerge. One of which is verifying the identity of customers, partners and suppliers which remains a time-consuming and costly process.
In this Global Legal Entity Identifier Foundation (GLEIF) webcast, we outline how the Legal Entity Identifier (LEI) can be leveraged to address these challenges. The LEI offers market participants a one-stop approach to identifying legal entities based on open, high quality and standardized reference data. Broad LEI adoption has therefore, the potential to take the complexity out of business transactions. Integrating the LEI into other entity verification methods, including solutions based on digital certificates and blockchain technology, will allow anyone to easily connect all records associated with an organization, and identify who owns whom.
By becoming the common link, the LEI will provide certainty of identity in any online interaction, making it easier for everyone to participate in the global digital marketplace.
To get a detailed overview of the topics discussed in this webcast and to source related background information, click here.