Vorna ID becomes official Registration Agent (RA) for RapidLEI, enabling its new B2B customer authentication service
LONDON, UK AND HELSINKI, FINLAND – 20 March 2020 – Vorna ID, a Finland-based B2B customer access management service provider, and RapidLEI, Ubisecure’s innovative Legal Entity Identifier (LEI) service, today announced a partnership to provide a global solution for verified corporate customer identification.
RapidLEI is the fastest growing GLEIF-accredited LEI issuer, now outpacing Bloomberg in LEI registrations. Its growth has soared over the last two years, after being founded in 2018 by the Ubisecure team, and continues to do so with a worldwide network of trusted partners and pioneering use cases. Ubisecure provides feature rich customer identity management software and services to help companies reduce identity data breach risk, improve operational efficiencies, and improve user experience.
Vorna ID helps global service providers to identify and automate their business partners’ access to digital services. With the new partnership, Vorna ID leverages RapidLEI’s LEI issuance API to enable a new B2B customer authentication service, verifying the digital identity of a user associated with a legal entity. In this way, Vorna ID authentication provides smooth onboarding of corporate customers and signing into extranet services. The service does not require customisation by the service provider and is therefore quick and easy to deploy.
Digitalisation and disparate identity systems have created a need for verified and unique identification of business partner users in online services. The LEI helps meet these needs by providing a global identity reference database of distinct legal entities. LEIs are unique 20-character alphanumeric codes used to represent the entity in financial transactions or organisation identity assurance use cases.
Ronny Eriksson, CEO & Co-Founder of Vorna ID, said, “The previous lack of widely used B2B customer digital identity caused lack of trust, delays in establishing business relations online and unnecessary transaction and upkeep costs. The LEI provided an opportunity for us to launch Vorna ID, a new verified B2B customer identity provider service, to enable efficient B2B KYC. RapidLEI is the ideal partner to help us associate individual and organisation identities, due to its expertise in both the customer identity management side with Ubisecure’s software and the organisation identity management side with LEIs.”
Paul Tourret, Corporate Development Officer at Ubisecure said, “Ubisecure’s vision is to simplify the automation of interactions through the precise understanding of the three key identity domains; individuals, organisations and things. Vorna ID shares that vision and will be a key partner to provide the value of this LEI use case in Finland and beyond.”
Ubisecure’s Customer IAM solution can be used in addition to Vorna ID’s authentication service, to improve customer journeys and security through features such as multi-factor authentication, centralised single sign-on and access management. Find out more at ubisecure.com/identity-platform/b2b-iam/.
About Vorna ID
As a trustful ecosystem Vorna connects online services with potential and existing customers and distributors enabling clear and unique identification of legal entities engaging in business transactions.
Furthermore, Vorna ID serves online service providers – you simply implement the modular service in line with your requirements – from simple login and identification procedures to self-service business partner user administration. You benefit from simpler and continuous online processes.
Find out more at https://vornaid.com/
Vorna ID LEI: 984500EDAA6LRE921541
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