The Foundation is now inviting partners to start the verifiable Legal Entity Identifier (vLEI) Issuer Qualification process, enabling a qualified LEI issuer to serve as the primary point of contact and issuing agency for legal entities seeking a vLEI
The vLEI is a digital version of the LEI, which intends to meet an “urgent need” for automated digital verification of the legal identities of businesses
The framework defines the vLEI operational model and describes how the new ecosystem’s range of vLEI issuing stakeholders will qualify for and perform their roles in the Global LEI System
The group will facilitate communication between GLEIF, CAs and TSPs from across the world, as they collectively aim to coordinate and encourage a global approach to LEI usage across digital identity products
The Validation Agent Framework, announced by GLEIF in September 2020, enables financial institutions to improve their customer experience and accelerate client lifecycle management
The Global Legal Entity Identifier Foundation has appointed Steven Joachim as chairperson of the board of directors, replacing Gerard Hartsink following his departure
The Global Legal Entity Identifier Foundation (GLEIF) has opened a New Jersey office to extend its global reach in proximity to the financial capital of the US