Latest news with #vLEI
Associated Press
4 days ago
- Business
- Associated Press
Global vLEI Requalifies as Qualified vLEI Issuer (QVI) Following Rebranding and Spin-off From NordLEI
'Requalifying as a QVI under our new identity marks a significant step in our mission to modernize organizational identity through vLEI credentials.'— Anders Åström, CEO of Global vLEI STOCKHOLM, SWEDEN, June 5, 2025 / / -- Global vLEI, previously operating as Nord vLEI, today announced its successful requalification as a Qualified vLEI Issuer (QVI) following its rebranding and spin-off as an independent entity. Recognized by the Global Legal Entity Identifier Foundation (GLEIF) as the first QVI based in Europe in April 2024, Global vLEI now enters a new phase focused on the development of digital identity solutions for organizations globally. Key highlights • The vLEI is a verifiable, cryptographically secure digital credential that extends the globally recognized Legal Entity Identifier (LEI) framework, which includes over 2.7 million registered entities worldwide. • The vLEI is governed by the Global Legal Entity Identifier Foundation (GLEIF), a Swiss not-for-profit organization established by the G20 through the Financial Stability Board (FSB). • vLEIs act as digital passports for legal entities, enabling real-time authentication and secure, automated digital transactions by individuals authorized to act on their behalf. • Global vLEI is the sister company of NordLEI, the largest LEI issuer in Scandinavia, with more than 175,000 LEIs issued since 2014. Enhancing digital identity management The vLEI is built on open standards and the existing LEI framework. It securely binds legal entities to authorized individuals using tamper-proof cryptography. This enables decentralized verification and removes the need for manual processes and centralized databases. Holders of vLEI credentials are authorized to represent their organizations in business transactions and official communications. Entities and regulators benefit from fast, reliable identity checks that support zero-trust digital interactions. Improving efficiency and compliance As a digital credential, the vLEI allows organizations to verify entity and role-level identities instantly. This simplifies regulatory filings, contract execution, and crossborder data sharing. For financial institutions, regulators, and multinational corporations, the vLEI improves auditability and supports compliance with global frameworks such as AML and KYC. Positioning for global adoption Initial deployments of Global vLEI's credentials in regulatory pilots, such as the European Banking Authority's vLEI pilot, demonstrate the technology's benefits in secure reporting and identity management. As a Qualified vLEI Issuer, Global vLEI is positioned to support the broader adoption of scalable, automated digital identity across global industries including finance, public services, and international trade. Anders Åström, CEO of Global vLEI, said: 'Requalifying as a QVI under our new identity marks a significant step in our continued mission to modernize organizational identity. The vLEI is more than just a digital credential; it is a global passport for company identity and associated roles. With it, we empower organizations to conduct secure digital interactions with confidence worldwide.' Looking forward Global vLEI will focus on driving secure digital identity at scale. The company aims to accelerate vLEI adoption across regulated industries, starting with financial services, corporate reporting and fintech. It will also explore new use cases in healthcare, education, and supply chain management. Global vLEI plans to launch sandbox environments, publish quick start resources, and provide onboarding support for early adopters to lower the threshold for vLEI integration. The company also intends to collaborate with ecosystem partners such as GLEIF and other QVIs to advocate for regulatory adoption and integration of vLEI credentials into emerging digital identity wallets, enterprise systems and regulatory platforms. About Global vLEI Global vLEI is the first EU-based Qualified vLEI Issuer recognized by GLEIF. The company provides modern identity solutions based on the verifiable LEI, supporting digital transformation and compliance for legal entities and their representatives. Global vLEI was the exclusive vLEI provider in the successful 2024–2025 EBA pilot, enabling real-time role-based authentication for financial data submitters. Contact For more information, please visit: For further information, please contact: Program Manager, Global vLEI: Maria Karjalainen Press contact: Christian Lindberg [email protected] Glossary of terms Legal Entity Identifier (LEI) The Legal Entity Identifier (LEI) is a 20-character alphanumeric code based on ISO 17442 from the International Organization for Standardization (ISO). It enables the unique identification of legal entities involved in financial transactions. Each LEI includes reference data and ownership information, identifying both the entity and its parent relationships. It combines a global identifier with verified local data and high data quality standards. Verifiable LEI (vLEI) The verifiable Legal Entity Identifier (vLEI) is the cryptographically secure digital version of the standard 20-character LEI. It enables automatic verification without manual intervention. The vLEI provides government bodies, companies, and other legal entities with non-repudiable, tamper-proof identity data. This data includes legal status, ownership structure, authorized representatives, and organizational roles such as CEO. Entities can use the vLEI in digital interactions, transactions, and electronic signature processes. It supports secure role-based identification, ensuring that only authorized individuals act on behalf of the entity. The vLEI enhances trust, efficiency, and compliance in digital identity management across systems and jurisdictions. Global vLEI Global vLEI is a GLEIF-recognized Qualified vLEI Issuer (QVI) specializing in the issuance of verifiable Legal Entity Identifiers (vLEIs). It became the first European QVI in March 2024. Before its spin-off and re-certification in May 2025, Global vLEI operated as 'Nord vLEI,' a division of NordLEI. Global vLEI's mission is to enable secure, automated digital identification of legal entities and their authorized representatives for use in digital transactions, regulatory reporting, and electronic signatures through the vLEI. The company was the sole vLEI provider in the European Banking Authority's (EBA) 2024–2025 pilot, issuing vLEIs to participating banks and their designated Engagement Context Role (ECR) holders as data submitters. Global vLEI is a sister company to NordLEI, which has issued over 175,000 LEIs since 2014 and is the leading LEI issuer in Scandinavia. Together, the companies support both conventional LEI and vLEI across jurisdictions and sectors. They are the only group of companies worldwide combining both LEI and vLEI issuance, as an LOU and QVI respectively. Christian Lindberg Global vLEI email us here Visit us on social media: LinkedIn Facebook Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Finextra
27-05-2025
- Business
- Finextra
Gleif establishes partner programme
The Global Legal Entity Identifier Foundation (GLEIF) today launched the GLEIF Partners Program, a new global initiative fostering increased collaboration among key stakeholders to accelerate the adoption of the Legal Entity Identifier (LEI) and verifiable LEI (vLEI) across sectors. 0 GLEIF's Partners Program creates a unique forum for data and technology vendors, financial institutions, corporates, certification authorities, and trust service providers that brings together key stakeholders to develop high-value offerings by leveraging the technology and strategic importance of the LEI and vLEI. The innovation led by GLEIF partners will be key to advancing a more trusted global economy. 'Building a more open and transparent global marketplace is dependent on interoperable, verifiable organizational identity,' comments Alexandre Kech, CEO at GLEIF. 'The LEI and vLEI provide significant opportunities to enhance transparency and build greater trust across global markets. By convening organizations from across the world with a shared mission of improving digital trust and maximizing the utility of the (v)LEI, the program promises to enable invaluable exchanges that will advance secure and transparent business interactions - promoting sustainable growth across the global digital economy.' Global organizations that have recently joined the GLEIF Partners Program include JacobsenID, a Nordic identity assurance service provider interested in enabling vLEI use cases, Montran, a provider of payment and capital market infrastructure solutions operating in over 90 countries, and NETS Solutions, a specialist in payment and securities settlement solutions for central banks. NETS Solutions, part of the Singapore-based payment services NETS Group, extends GLEIF's strategic focus and sustained engagement in the APAC region. The new program also integrates members from previous GLEIF's stakeholder groups to foster greater collaboration between longstanding stakeholders and new partners. 'Montran is honored to be among the inaugural members of the GLEIF Partners Program. Since the inception of the Legal Entity Identifier as an international standard, we have integrated it into our solutions for payments and capital markets, supporting many of our clients in its implementation. We look forward to expanding our collaboration with GLEIF across various instruments and transaction types, learning from other partners' best practices, and sharing our own - in a true spirit of cooperation,' says Matthieu de Heering, Global Head of Business Development, Capital Markets at Montran. 'Our partnership with GLEIF marks a significant milestone in NETS Solutions' mission to deliver robust, future-ready solutions in payments and securities settlement. Supporting the use of Legal Entity Identifiers ensures our clients benefit from globally recognized, verifiable company identities, streamlining onboarding, KYC, and risk management processes,' comments Saw Choo Tatt, CEO, at NETS Solutions. GLEIF encourages any organization that uses or plans to integrate LEI or vLEI data into their operations to join its Partner Program. Key benefits include: • Exclusive Product Listings: Promote your (v)LEI-enabled offerings on a trusted platform, connecting directly with data consumers. • Global Visibility: Gain exposure through GLEIF's global network, engage with industry leaders and contribute to strategic developments within the Global LEI System. • Strategic Engagement: Access exclusive market insights, regulatory updates, and industry best practices. Eligible stakeholders, including those already active in GLEIF's existing stakeholder groups, will automatically be enrolled. New participants can join via or by contacting info@ 'The GLEIF Partners Program is essential in bridging the digital identity gap for legal entities around the world. This initiative goes beyond promoting the LEI and vLEI - it is about building a community of practitioners who understand their practical value. From streamlining client onboarding to expanding access to trusted identity credentials globally, GLEIF Partners are delivering real-world benefits,' comments Guillermo De la Fuente, SwissTreasurer, and Co-chair of GLEIF's Partners Program. 'The GLEIF Partners Program brings together a powerful network of organizations committed to enhancing global transparency, trust, and interoperability. At XBRL, we are proud to support this initiative, which aligns closely with our mission to improve the accessibility and reliability of business information in the digital economy,' says John Turner, CEO, XBRL International, and Co-chair of GLEIF's Partners Program. While participation in the GLEIF Partners Program is free, our Contributions & Sponsorship Framework provides partners with the opportunity to amplify the program's impact, foster collaboration, and support key initiatives that strengthen the Global LEI System.
Finextra
21-05-2025
- Business
- Finextra
Gleif and Finternet Lab partner on digital ID and transaction infrastructure
The Global Legal Entity Identifier Foundation (GLEIF) and Finternet Lab, an initiative of the Networks for Humanity Foundation (NHF), have officially entered into a Memorandum of Understanding (MoU) to collaborate on the development and deployment of trusted, open, and interoperable digital infrastructure. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Addressing gaps in identity verification, data provenance, and interoperability across emerging digital ecosystems is an increasingly urgent priority for industry participants. The collaboration between GLEIF and Finternet Lab reflects a shared commitment to overcoming these challenges by enabling secure, verifiable identity and transaction systems – fostering greater trust and participation across the global digital economy, supporting sustainable and resilient economic growth. Under the MoU, the organizations will jointly explore pathways for integrating GLEIF's verifiable Legal Entity Identifier (vLEI) credentials with Finternet Lab's suite of open-source tools – including the Universal Information Tokenisation System (UNITS), decentralized identity frameworks (DeDi), and transaction infrastructure protocols. Pioneered by GLEIF as the secure digital counterpart of the Legal Entity Identifier (LEI), the vLEI represents a standardized form of digital organizational identity. By equipping organizations and their representatives with cryptographically verifiable identities, the vLEI offers a comprehensive solution for establishing a global digital trust ecosystem. The partnership will explore and demonstrate the real-world applications of vLEI credentials across various use-cases, including decentralized finance, environmental reporting, and supply chain traceability. Planned initiatives include pilot projects, hackathons, and developer trainings, alongside technical reviews of enabling protocols such as Key Event Receipt Infrastructure (KERI). The partnership also seeks to define common standards and governance models for trusted digital identity layers at scale. Ivan Mortimer-Schutts, Global Head of vLEI, GLEIF, comments: 'GLEIF is committed to partnering with organizations that share our mission of building a foundation of trust in the digital world. This latest collaboration represents a critical step toward realizing a globally interoperable identity layer that serves both legacy and emerging digital ecosystems. By aligning our vLEI credentials with Finternet's open-source tools, we are enabling secure, consent-based data sharing that supports innovation, regulatory integrity, and inclusive and sustainable economic growth.' Siddharth Shetty, Co-Creator, Finternet Lab, comments: "Our collaboration with GLEIF aligns closely with our vision of universal access to trusted, open digital infrastructures. Integrating vLEI credentials into our ecosystem marks an exciting step towards ensuring interoperable, secure identities across diverse digital environments. Together, we are committed to enabling greater economic participation and innovation through robust, verifiable digital frameworks."
