ISIN2LEI.eu to issue Legal Entity Identifiers quickly and easily using RapidLEI’s pioneering technology
LONDON, UK, AND TILBURG, THE NETHERLANDS – 22 November 2019 – Today RapidLEI, the fastest growing accredited Legal Entity Identifier (LEI) issuer, has announced a new partnership with Netherlands-based ISIN2LEI.eu, supporting its thriving global expansion.
ISIN2LEI.eu is well-known for its RegTech service connecting Legal Entity Identifiers (LEIs) to International Securities Identification Numbers (ISINs) for banks and other financial institutions. While the ISIN is a global standard for unique identification of financial instruments, the LEI connects to key reference information that enables clear and unique identification of legal entities participating in financial transactions. The LEI is fast becoming recognised as the default connector of reference data for KYC/AML and counterparty identification.
With its new collaboration with RapidLEI, ISIN2LEI.eu is now also an official Registration Agent for the issuance of LEIs to organisations, further meeting the needs of its financial client base. Banks and finance companies need to acquire and maintain their LEIs in order to meet regulatory demands – such as MiFID II, MiFIR & EMIR – so when they need them, they need them fast or risk holding up transactions.
RapidLEI is provided by Ubisecure, a leading identity management solutions provider, and is now the largest new LEI Issuer outside of the US thanks, in large part, to its ground-breaking technology which automates LEI issuance to deliver LEIs quickly and easily. The technology is also provided as an API to RapidLEI’s growing global partner network, supporting integration of LEI issuance into third-party apps and services.
RapidLEI also recently announced making its banking and enterprise LEI solution, EnterpriseLEI, available to its partner network delivering efficient, intuitive lifecycle management. Ideal for financial institutions, EnterpriseLEI provides LEI discovery and single view consolidation, automated registration and renewal protection, while reducing the LEI management burden on banks’ administration teams.
It’s this banking solution that made RapidLEI a natural choice of partner for ISIN2LEI.eu’s move to LEI issuance, according to its Founder and CEO, Johan Hol. He said, “Partnering with RapidLEI offers us and our customers the best package – the option of multiyear LEIs, competitive pricing, partner resources and, on top of that, the fastest and easiest LEI issuance process. It will also be fantastic to provide the full EnterpriseLEI solution to our clients who want to self manage high volumes of LEIs with their own full-tool suite. LEIs are the way forward for KYC and client onboarding, and RapidLEI know what the finance industry needs to succeed with LEIs, so I’m very happy to be working with them to bring this extra efficiency to our customers.”
Paul Tourret, Corporate Development Officer at RapidLEI, said, “The ISIN2LEI.eu team’s comprehensive experience in finance and RegTech means they are well-aligned with our mission for transparency and consistency brought about by widespread adoption of LEIs. They will be an important partner to expand use of our unique same session issuance API in the Benelux region”.
Order your LEI now at isin2lei.eu/lei-request-form/.
Enquire about joining RapidLEI’s Registration Agent (RA) programme – already the largest RA network in the GLEIS – here.
ISIN2LEI.eu is based in the Netherlands, has over 10 years of experience in the financial sector and specializes in RegTech. We provide linked open data on Legal Entity identifiers (LEIs) and International Securities Identification Numbers (ISINs).
We’re happy to extend our services to our clients by being an LEI Registration Agent and manage their LEIs and the LEIs of their business partners. ISIN2LEI.eu provides daily updates on changes to LEIs, LEI parent data and financial instruments (ISINs) assigned to LEIs.
We can also provide Customized Data Mappings, such as industry sector (e.g. NACE) for LEIs and regulatory classification schemes (e.g. CIC) for ISINs.
For more information, head to isin2lei.eu.
ISIN2LEI.eu LEI: 7245007CS2LXYD2JCT52
About Ubisecure and RapidLEI
Ubisecure is accredited by the Global Legal Entity Identifier Foundation (GLEIF) to issue Legal Entity Identifiers (LEI). RapidLEI is a Ubisecure service that automates the LEI lifecycle to deliver LEIs quickly and easily. As well as pioneering LEI automation, the company is a technology innovator and provides identity management software and cloud identity services that enable enterprises and governments to enhance customer experience, security and privacy through support for strong identities and management of customer identity data. Ubisecure also provides solutions to companies maintaining their own strong customer identities (such as banks and mobile network operators) to become Identity Providers (IdP) for strong authentication and federation services.
Ubisecure LEI: 529900T8BM49AURSDO55