Tag: Banking

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