In summary, the new strategic collaboration will see Neo pioneer integration of RapidLEI’s automated Legal Entity Identifier (LEI) issuance into their FX risk hedging platform. The use case represents just one of the countless opportunities that RapidLEI’s API enables, due to partners being able to plug the LEI issuance functionality into their own applications and services.
Chris Hudson, Director of Channel Sales at RapidLEI, says, “It’s fantastic to see yet another use case innovating the use of our API to better serve our partners’ customers. I’m delighted to be working with Neo Capital and to bring efficient and easy LEI issuance to their Europe-wide client base.”
Luis Ávila, Chief Compliance Officer at Neo Capital Markets SV, says, “As a company that is committed to compliance and customer service, we already apply for LEIs on behalf of our customers. This new partnership with RapidLEI will make that process infinitely easier for our customers, providing an LEI in minutes exactly at the point of need.”
Read the full press release here.