News & Media Press Releases

GLEIF Expands Global Footprint of Validation Agents with Sparkasse Bank Malta plc and Diligencia

Growing support for the LEI as a universal identifier results in expanded Validation Agent network which covers key markets including Europe, North America, China, Africa, and the Middle East

  • Date: 2022-11-08

The Global Legal Entity Identifier Foundation (GLEIF) today announces two new Validation Agents within the Global Legal Entity Identifier (LEI) System:

  • Sparkasse Bank Malta plc, a European bank offering corporate and private banking, investment, and custody services; and
  • Diligencia, a UK-based leading provider of corporate intelligence and due diligence solutions in the Middle East and Africa (MEA).

With the addition of Sparkasse Bank Malta plc and Diligencia, the number of Validation Agents globally increases to more than 10, spanning Africa, China, Europe, India, the Middle East, and North America.

GLEIF introduced the Validation Agent Framework in September 2020 to enable banks and other regulated institutions to leverage their KYC and AML onboarding procedures to help their clients obtain LEIs. Validation Agents play an important role within the Global LEI System. By providing their client base with LEIs, they promote financial inclusion while creating value and opportunities such as cross-border supply chain relationships, thanks to easier counterparty verification and simplified cross-border payments. In return, Validation Agents can utilize the LEI to accelerate their internal digital transformation in areas such as customer onboarding, payments and other transactions, and contract signing.

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