Hardwiring Trust into All Business Relationships

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All business relationships depend on trust.

Is this a legitimate company? What identifying data is available? How has it been verified? Are its authorized representatives who they claim to be?

Digital technologies have enabled an explosion in global commerce. More companies than ever before are now doing business across borders, languages, and legal jurisdictions. Inevitably, this has made compliance and due diligence requirements harder to meet, from locating a partner’s business registration data to signing contracts remotely, authorizing cross-border payments, and even authenticating key people involved in official company interactions. The lack of interoperability between enabling technologies, together with the pace of change, compounds the challenge.

This is where organizational identity takes centre stage.

The Global Legal Entity Identifier Foundation (GLEIF) maintains the Global LEI System, an internationally recognized organizational identity management infrastructure and a global Digital Public Infrastructure (DPI). The Global LEI System is open, based on ISO standards, and governed by a globally representative oversight committee. It provides a trusted, regulator-endorsed, publicly accessible infrastructure for enabling secure digital identity, data exchange, and financial system connectivity.

The Legal Entity Identifier (LEI) and Global LEI System provide a broad ‘public good’ by building on local authoritative sources and registries to extend access to trusted information globally, supporting integrity and transparency across the digital economy.

Together, the LEI and its digital counterpart, the verifiable LEI (vLEI), empower organizations with verified identity tools that enable:

• Control over their identity and participation in the digital economy.
• Autonomy to access and manage their own credentials and data, creating greater opportunities to participate in the formal economy.
• Participation in the evolving digital financial and payments ecosystems.
• Compliance and security in a world in which regulators and industry are increasingly calling for greater openness, accountability, and control in a data-driven, global digital marketplace.

As a global DPI, the Global LEI System provides organizational identifiers that support and extend the interoperability of local and national infrastructures (e.g., business registries), enabling an internationally recognized, freely available business discovery and verification protocol.

The Global LEI System helps infrastructures, businesses, and entities participate in the global digital economy. Through the Global LEI System, local infrastructures can make trusted business information more accessible and verifiable globally without sacrificing integrity or control. Verified organizational identity is a prerequisite for an efficient, scalable trust ecosystem that lowers transaction costs and risk while fostering collaboration, participation, and innovation. It enables money, goods, and services to flow more freely and securely around the world.