RegTech

The Value of the LEI in X-Border Payments: Enhancing Know Your Consumer and Corporate Onboarding

01 Nov 2023

Efficiently accessing the data they need is a core challenge for organizations conducting due diligence and ongoing risk monitoring for corporate customers and suppliers. The information needed often comes from varying and disparate sources. KYC processes lack standardization due to the fragmented nature of national AML/CFT requirements. This prev...

How the LEI Can Help Financial Institutions ‘Address’ a Growing Challenge in ISO 20022

28 Sep 2023

Addresses are foundational to the global economy. As noted by the Universal Postal Union, "addresses form an important part of the basic information needed to ensure communication (both digital and physical) between individuals, governments, and organizations." Given the fundamental role in enabling legitimate access to global commerce, i...

The Value of the LEI in Cross-Border Payments: Enhancing Corporate Invoice Reconciliation

22 Sep 2023

The need to harmonize cross-border trust services continues to grow in line with the ever-increasing volume of trade and commerce taking place across digital platforms, globally. In this effort, the LEI can play a fundamental enabling role. The Financial Stability Board (FSB) has already endorsed the LEI for supporting the goals of its G20-endorsed...

Digital Identity Management

Understanding the Value of Global Identifiers in the Fight Against Financial Crime

08 Sep 2023

Money laundering and terrorist financing create significant systemic risks in the global financial system. The intricate webs spun by fraudsters and criminals to evade detection crisscross national borders and legal jurisdictions, commonly exploiting multiple financial institutions and legal entities. In today's instant digital economy, this is ex...