Ubisecure Launches RapidLEI to Bring Legal Entity Identifier (LEI)…

RapidLEI platform

As good as providing a faster and improved approach to obtain LEIs here and now, we’re operative closely with temperament ecosystem stakeholders to build LEIs into a really fabric of how companies use their accurate identities to urge how they do devoted business online.

Ubisecure (http://www.ubisecure.com), a heading b2b Identity Services program provider and cloud services enabler, currently announced a launch of RapidLEI, a globally permitted height designed from a ground-up to automate a Legal Entity Identifier (LEI) focus process, creation it faster, some-more accurate and dramatically easier for companies to obtain and conduct LEI(s). To date, over 1.2m LEIs have been released by approximately 30 LEI Issuers, also famous as Local Operating Units (LOUs), many of that rest on primer estimate and are focused on their internal office rather than a tellurian market.

An LEI formula is a G20 permitted singular 20-character alphanumeric identifier formula reserved to a singular Legal Entity and entered into a public, distributed database, creation it identifiable on a tellurian basis. Financial transaction regulations such as MiFID II, EMIR MAR now need a use of LEIs. The LEI complement serves to yield clarity for organization identity, famous as turn 1 ‘who is who’ anxiety data, and organization ownership, famous as turn 2 ‘who owns whom’ anxiety data.

Using slicing corner automation, RapidLEI brings most indispensable simplification to a LEI market. The RapidLEI height integrates with nation far-reaching and state focused business registries in genuine time regulating additional algorithms and comprehension to make LEIs some-more permitted and fit for companies to manage, thereby shortening a sum cost of tenure via a LEI’s annual lifecycle. Additionally, a automation reduces tellurian blunder and yields a poignant alleviation in a correctness of association temperament anxiety data. Increased information accuracy, both directly and indirectly, advantages all stakeholders who rest on a Open Data Charter formed LEI database of association temperament data.

The RapidLEI Identity Management height was architected by Ubisecure’s Steve Roylance – an online temperament attention maestro and a owner of a CA/B Forum, a consortium of acceptance authorities, browser and handling complement vendors that promulgates attention discipline ruling a distribution and government of digital certificates such as a Extended Validation SSL/TLS Certificate.

“Today a LEI use box is really most about a well-defined need to accommodate a flourishing series of regulatory requirements, and we’re gratified that a RapidLEI use will concede organisations to obtain their LEIs faster and easier than ever before,” pronounced Steve Roylance, VP Identity Services for Ubisecure. “We see that LEIs have a intensity to be a vital core member of a most incomparable online temperament ecosystem. Along with a Ubisecure group and a investors, we’ve spent years participating in, monitoring and moulding a online temperament attention for larger clarity and trust, and we see extremely wider use cases for LEIs as we overpass this G20 permitted earthy universe temperament complement with a online counterpart(s). As good as providing a faster and improved approach to obtain LEIs here and now, we’re operative closely with temperament ecosystem stakeholders to build LEIs into a really fabric of how companies use their accurate identities to urge how they do devoted business online.”

LEIs are permitted from RapidLEI immediately from https://rapidlei.com or from a RapidLEI partner.

To join a Partner Program go to https://rapidlei.com/partners.

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