LEI Solutions: LEI in PAYMENTS Market
Know who you’re paying: instantly and globally
Strengthen payment integrity, meet FATF requirements, and simplify Verification of Payee (VoP) checks with the globally recognised Legal Entity Identifier. The LEI brings clarity and confidence to every transaction across borders, banks, and regulatory frameworks.
RapidLEI trusted by the world's leading institutions
Align with Regulatory Expectations
Regulators are raising the bar on transparency, information quality and counter-fraud measures in payments. The Legal Entity Identifier from RapidLEI can help.
FATF Recommendation 16: Payments Transparency
The June 2025 update clarifies that payment messages must carry accurate originator and beneficiary information and that all entities in the chain are accountable.
FATF Recommendation 24: Beneficial Ownership
The updated also requires access to adequate, accurate and up-to-date information on ownership and control of legal entities. The LEI system supports this requirement via Level 2 relationship data and open data.
EU Instant Payments Regulation
The regulation requires payment providers to verify beneficiary identity before sending instant transfers and to ensure accurate party data. The LEI supports this by providing a reliable identifier that improves data quality and reduces payment errors.
BoE CHAPS ISO 20022 Enhanced Data
CHAPS participants must submit complete and accurate ISO 20022 party data, including validated entity information. The LEI supports this by giving a standard identifier that strengthens transparency and improves message quality.
The LEI: powering trusted, transparent payments worldwide
The payments landscape is evolving rapidly. Expect rising regulatory scrutiny, higher standards for information quality and identity verification, and intensified fraud-and-vendor-scam vectors. The LEI solves this problem, and RapidLEI makes it simpler than ever before to manage LEIs at scale.
How RapidLEI can help in payments
Verification of Payee
Improved Account Validation
LEI issued in Minutes
Fast, automated LEI issuance
Centralised LEI Management
One account, many clients
Global Accreditation
LEI support, anytime, anywhere
Reduce information and transaction costs with Legal Entity Identifiers
Client LEI Management at scale
LEI Everywhere™
GLEIF Validation Agents
Organisations such as banks, payment service providers and vendors can benefit from enriched identity-verification of clients, using the globally accepted and regulated KYB onboarding process. The outcome is a fully validated LEI for the client.
- Utilise the LEI registration process to augment and enrich KYB reference data on clients as they are onboarded
- Leverage existing KYC/KYB, AML and Compliance-as-a-Service workflows to streamline LEI issuance to banking clients
- Integrate into existing workflows via LEI registration API or UI
There is no need to engage with the LEI Issuer in a separate, often time consuming, validation process just for the LEI registration. Client onboarding and LEI issuance become synchronous.
Manage risk. Maintain Compliance
EnterpriseLEI™
LEI for payments
EnterpriseLEI makes it simple to manage the entire lifecycle of every LEI Number registered with your clients and payment beneficiaries. Discover, register and manage client LEIs in bulk.
- Instant status, reporting and analytics via a single dashboard to gain actionable insights
- Consolidate and manage risk of LEIs across portfolio more effectively
- Reduce LEI management costs by elimination of manual LEI tasks
- Strengthen relationships with clients by delivering highest levels of data accuracy and Policy Flag Conformity
Time spent managing LEIs is reduced, LEI subscription costs are lowered, and the risk of client LEIs falling into lapsed state can be well mitigated.
How the payments market benefits from the LEI
Delivering standardised verified organisation identity
Faster, cheaper payments
Use of the LEI in cross-border payment messages enables originator or beneficiary entities to be “precisely, instantly and automatically identified across borders”.
“Verification of Payee” & account validation
With a verified entity identity (via LEI) serving as a trusted anchor, payment service providers can reduce errors, reject incorrect beneficiary references and block vendor-scam attempts more efficiently.
Enhanced fraud and scam detection
The standardised entity identifier reduces ambiguity, enables better matching of payee names/IDs and simplifies screening of counterparties for risk.
Stronger compliance and AML/CFT support
The LEI supports beneficial-ownership transparency (in line with FATF Recommendation 24) and helps organisations meet control-and-verification requirements.
Better data quality and automation
Standard identifiers reduce manual intervention, mismatches, duplicate checks and inconsistent naming across jurisdictions.
Future-proofing payment architectures
As payment infrastructures evolve (e.g., instant payments, APIs, embedded finance, ISO 20022 migrations), embedding the LEI delivers a resilient identifier for the payment supply chain.
The Leading LEI Issuer
The advantages of working with the #1 global LEI Issuer
Working with RapidLEI gives you so much more than just the leading LEI management platform
Dedicated Account Manager
To help you manage client LEI inventory and prepares transfers and renewals
Volume Pricing
Obtain deep discounts over buying single, ad-hoc LEIs from multiple LEI Issuers
Automation
Reduce LEI management costs by elimination of manual LEI tasks
Expert Client Services
24/7 LEI issuance and phone-based multi-lingual client service team
Insights from the GLEIF
Bank of England
“We have mandated the use of Legal Entity Identifiers (LEIs) and purpose codes in certain CHAPS payments, and since mandation took effect on 1 May we’ve seen population of this data skyrocket. Improved data in payments can help the industry to detect fraud, manage risk, and provide insights into payment trends”
Victoria Cleland
Executive Director, Payments, Bank of England
EACT on Verification of Payee
“The LEI provides an exact, unique identifier for each entity, eliminating the issue of close matches.”
The EU Instant Payments Regulation demands that by 9 October 2025, all Eurozone payment service providers must verify a payee’s name against their IBAN before processing transactions.
Pairing the LEI with an IBAN enhances transparency, prevents fraud, and supports automation in payment processing.
GLEIF-Accredited
Ubisecure RapidLEI has been a GLEIF-accredited LEI Issuer (Local Operating Unit) since 2018, operating in 170+ jurisdictions.
ISO 27001
Ubisecure RapidLEI is ISO 27001 compliant, reflecting our commitment to the secure management of information systems.
Policy Conformity Flag
Ubisecure RapidLEI ranks #1 across all LEI Issuers for achievement of the ROC Policy Conformity Flag.
Explore more Resources
ebook
Decoding LEI Requirements for the CHAPS ISO 20022 Enhanced Data Policy
Explains LEI obligations in the Bank of England’s CHAPS migration, outlining timelines, compliance guidance, and benefits of LEI adoption.
Whitepaper
Achieving FATF Compliance with the LEI
Describes how LEIs fulfil FATF Recommendations 16 & 24 by improving transparency in payments and beneficial-ownership reporting.
FSB Report
Implementing the LEI for Cross Border Payments
The 2024 Financial Stability Board Report details how broadening LEI adoption in cross-border payments will help achieve the goals of the G20 Roadmap.