Organisation Identity

Legal Entity Identifiers (LEI)

As the leading accredited LEI Issuer, Ubisecure makes it easy to register & manage LEIs and is driving adoption of the many new LEI-enabled use cases

Rapid LEI by Ubisecure

RapidLEI UI

#1 LEI Issuer

Issuing more new LEIs globally than any other accredited LEI Issuer

#1 for Data Quality

Consistently providing the most accurate legal entity reference data across the LEI ecosystem

Regulatory Support

Supporting 116 different global regulations using or requiring LEIs

90k+ Organisations

Around the world now using Ubisecure’s RapidLEI service

High Assurance Organisation Identity
Legal Entity Identifiers (LEI)

The LEI is a G20 / Financial Stability Board endorsed, 20 digit globally verifiable organisation identification code that’s used to identity organisations in regulatory compliance (116 regs to date), company governance, trades and transactions. Since becoming an accredited LEI Issuer in 2018, Ubisecure has quickly established a technology leadership position by disrupting the LEI market with technology automation, global partner network, & APIs.

It is not sufficient to use a ‘local’ organisation identity number issued by a country-specific Business Register for use cases that require high identity assurance at a global scale. Regulators, especially those related to the financial services industry, are now mandating the use of the Legal Entity Identifier (LEI) as that global identifier.

Obtaining LEIs can be complex, time consuming and sometimes inaccurate. In 2018 Ubisecure became an accredited (and is now the #1 issuer of LEIs) LEI issuer under our RapidLEI brand. The RapidLEI platform has ensures organisations can obtain LEIs quickly, easily and accurately. Our algorithms do the heavy lifting – providing automation and accuracy, and reducing the total cost of ownership for the Legal Entity during the application process.

>> Learn about LEIs at RapidLEI.com
>> Contact us to discuss LEI Requirements

RapidLEI UI

Identity Assurance - Organisations - Ubisecure

LEIs in Identity & Access Management

With the Ubisecure Identity Platform and LEIs, organisation identity can follow a parallel construct to individual identity. This allows utilisation and management of:

  • Varying organisation identity assurance levels
  • Mandating of organisation identity attributes, rights and roles – learn more
  • Delegation of rights, roles and representation from individuals to organisations, organisations to individuals, and organisations to organisations – learn more

LEIs in Onboarding & KYC/AML

The LEI provides access to verified organisation reference data and connects the numerous different organisation regional and private identifiers used in KYC/AML.

The use of LEIs in onboarding can be a significant cost saving tool, as well as having a measurable impact to people and staff productivity, streamlining processes, and improving transparency into available entity data. Service providers can view live, verifiable data about clients to ensure higher levels of trust for Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD).

Ubisecure offers LEI discovery, issuance and management APIs. We also offer support for automated LEI issuance via the GLEIF approved Validation Agent framework. These solutions allow for automated use of accurate LEI reference data in KYC workflows.

Learn more – KYC solutions

GLEIF VA

“1.8 million LEIs have been issued so far. With GLEIF 2.0, with its new use cases and KYC benefits, the LEI ecosystem expects this number to jump to 20m+. Being able to automate and scale is the key to success.”

Enabling new Organisation Identity use cases

LEI Use Cases
As a persistent unique key to verifiable level 1 “who is who” business data and level 2 “who owns who” parental structures, FIs, trust service providers and technology providers can get significant value from LEIs. Updated at least annually, LEIs will always offer an improved alternative over formats of static data, making the LEI critical for automated and efficient KYC/AML, onboarding and organisational identity assurance.

Representation Governance

Digital Rights Governance & Delegation Solution

Using Sign in with RapidLEI, organizations can use LEIs as an authentication method to reduce the risk of unauthorized representation and eliminate the costs associated with administration and manual representation workflows.

Sign in with RapidLEI is an LEI-based service that makes it easy for individuals to authenticate themselves and assert their rights to represent their organization. Rights could be as simple as approved spending limits, or as comprehensive and complex as condition-based legal electronic power of attorney. Using the same concept as “Sign in with Apple” or “Log in with Facebook”, Right to Represent uses LEI-based accounts to authenticate an individual’s organization identity, affiliation and rights.

The cost saving potential of effective organisation identity management

Vero Skatt

GLEIF Ubisecure

Vero Skatt

Significant savings for Finnish Tax Authority were realised from using Delegated ID to bridge Individual and organisation identity:
€8 saving per transaction
1m transactions per month

>> Read Case Study     >> Read White Paper

Legal Entity Identifiers

A public report from McKinesey & Company and the Global Legal Entity Identifier Foundation (GLEIF) estimates that global adoption of LEIs could yield annual savings of many hundreds of millions USD within the banking industry alone.

>> Read full report

FAQs

Introducing RapidLEI

What is an LEI number? (Legal Entity Identifier)

Resources

AWARD

Ubisecure wins….

EIC 2019 Award

>> Read More

ANALYST EXECUTIVE SUMMARY

By KuppingerCole

An overview of the Customer Identity and Access Management (CIAM) industry & an impartial high level description and analysis of the Identity Platform.

>> Read More

CASE STUDY

Finnish Government

Deploying a nationwide identity management and delegation platform for citizens and businesses.

>> Read More

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