LEIs for Right to Represent

Legal Entity Identifiers enable an individual’s right to represent their organization

Legal Entity Identifiers (LEIs) could save the global banking sector $2-4 billion annually in client onboarding costs alone (GLEIF & McKinsey).

Right to Represent is an LEI based service that reduces cost and risk by making it easy for individuals to assert their rights during a KYC or onboarding process. Using the same concept as “Sign in with Apple” or “Log in with Facebook”, Right to Represent uses LEI based accounts to authenticate organisation affiliation and rights.

Authenticate with Ubisecure

Use Cases:

KYC & customer onboarding

B2B transactions

Certificate Authority validation & PKI / Certs

Public sector digital services

Compliance services

Signing services

Combining industry leading solutions from Ubisecure

Right to Represent requires a standardised & federated organisation identity managed through an Identity Provider (IdP) & Rights Delegation service

Rapid LEI by Ubisecure

LEIs are endorsed by the G20 as the standard global organisation identifier. RapidLEI is the fastest growing LEI issuer.

Ubisecure’s GLEIF accredited Legal Entity Identifier (LEI) issuance service, RapidLEI, provides the LEI for the standardised organisation identity.

Ubisecure logo

Ubisecure is a software and cloud provider. Its Identity Provider (IdP) and Delegated ID services are widely in use at massive scale in telecoms and government.

Ubisecure’s Identity Platform provides the Identity Provider (IdP) and Rights Delegation service.

The RapidLEI vetting services provide linkage between the organisation identity and the delegation / IdP services.

How Right to Represent works

Individuals request Legal Entity Identifier(s)

The rights of the Individual to request and represent on behalf of Organisation is verified

Rights and assurances are managed through Ubisecure’s IdP service

Verified Individuals can invite other individuals to join through multi-tier system

Invitees are verified depending on role of the inviter

Service Providers add Right to Represent authentication (OAuth 2.0) at point in workflow they need to determine rights – displayed as a ‘authenticate’ login similar to “sign in with Apple” or “log in with Facebook”

Pre-established Mandates specify the definitions and values of the Rights

Service Provider builds assertion conclusion into workflow or product via SDK/API

Banks and FinTech add Right to Represent at the point in KYC or onboarding workflow where rights verification is needed.

KYC Onboarding LEI

“The LEI offers businesses a standardized, one stop approach to entity verification, enabling quick, consistent, accurate information on both client organizations and other business partners and suppliers.”

GLEIF Research, the Pitfalls of Onboarding

Business Value of Right to Represent

Right to Represent reduces costs by outsourcing right to request / right to represent workflows. Ubisecure delegation of authority (the origins of what is now Right to Represent), is being used by numerous European Government and Telecoms providers.

The Finnish Government needed an identity management system to enable the strong identification of individuals and organisations for online Government services that scaled nationwide, and supported online power of attorney. Ubisecure provided the solution, now known throughout Finland as Katso.

  • €6-€10 saving per delegated transaction
  • 1m+ authentications per month

> Read Ubisecure Case Study     > Read Ubisecure White Paper