Broad Adoption of Legal Entity Identifiers Could Save the Banking Industry $2-4 Billion

Broad Adoption of Legal Entity Identifiers Could Save the Banking Industry $2-4 Billion

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Research conducted by McKinsey on behalf of the GLEIF discovered that global adoption of Legal Entity Identifiers (LEIs) could save the banking industry between $2-4 billion USD annually in onboarding costs alone. This figure represents 5-10% of the industries $40 billion annual overall spending on the practice.

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

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