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The FSB identifies the Legal Entity Identifier Regulatory Oversight Committee (LEI ROC) as best positioned to be the single International Governance Body (IGB) for the UTI and UPI

The FSB identifies the Legal Entity Identifier Regulatory Oversight Committee (LEI ROC) as best positioned to be the single International Governance Body (IGB) for the UTI and UPI

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An interesting development in the financial world of data standards. The Financial Stability Board or FSB has promoted the LEI ROC to also be the governance body for Unique Transaction Identifiers (UTIs) and Unique Product Identifiers (UPIs). What does all this mean for the financial services industry?

Legal Entity Identification Data Mapping

Legal Entity Identification Data Mapping

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LEI Mapping is less about translating communications and more about making connectivity, interactions and identification more seamless. An example of where this can really benefit is a bank’s Know Your Customer due diligence process. It’s important for a bank to do KYC on new clients in order to reduce fraud but as we know, fraud is actually on the rise as banks struggle to make concrete identifications of their clients and customers.

What is ISO 20022?

What is ISO 20022?

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Open banking, PSD2, digital ID – what do all of these have in common? They’re making financial transactions more efficient and safe. ISO 20022 is like the string that holds them all together – the standard language! Learn more about ISO 20022 in our guide. #Payments #Finance

Using Legal Entity Identifiers in Digital Certificates

Using Legal Entity Identifiers in Digital Certificates

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Encryption can’t survive without identity. Legal Entity Identifiers provide the organisational identity that companies need for safe B2B transactions. This blog explores a world where LEIs and Digital Certificates meet.

The Future of Legal Entity Identifiers

The Future of Legal Entity Identifiers

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Outlooks from the GLIEF Annual Report 2018 The 2018 Annual Report by the Global Legal Entity Identifier Foundation gave us a review of the success that the GLEIF, FSB and… Read more

4 Organisations Committed to Trusted Transactions Online – Part 3

4 Organisations Committed to Trusted Transactions Online – Part 3

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I hope to complete this three part series with something a little more hopeful. How can we look to succeed at digital transformation, while remaining secure? What organisations and initiatives are driving this success?

The Challenges of Identity and Trust in Digital Transformation – Part 2

The Challenges of Identity and Trust in Digital Transformation – Part 2

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Identity is important in digital transformation – I’ve already gone into detail about this in part 1 of this blog. But if it’s so important, then why are so many organisations struggling… Read more

The Importance of Identity and Trust in Digital Transformation – Part 1

The Importance of Identity and Trust in Digital Transformation – Part 1

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Customers expect nothing less than a quick and easy process online; so, businesses are competing to find and integrate the newest technologies that will give their customer’s what they want…. Read more

Does Know Your Customer (KYC) Really Work?

Does Know Your Customer (KYC) Really Work?

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In an ideal world, trust in commerce would be inherent in every transaction. But for this to be the case, we must live in a world without lies. And if… Read more

Who Are the Global Legal Entity Identifier Foundation (GLEIF)?

Who Are the Global Legal Entity Identifier Foundation (GLEIF)?

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The ManagedLEI website touches on the Global Legal Entity Identifier Foundation or GLIEF as I’ll refer to them here on out. However, the page only provides a quick summary of… Read more

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