LEI Solutions > LEI for Banks
Manage Legal Entity Identifiers for banking group companies and bank clients from the same, high scale, high reliability solution. RapidLEI makes it simple to ensure regulatory requirements are met, global transactions are uninterrupted, and LEI risk and costs are well managed.
300+
Regulations
2.5m+
LEIs Issued
3-7
Fewer days to client revenue
To take advantage of the LEI to meet regulation and as a connector of entity data management for KYC / KYB / AML and counterparty identification, issuance and management of the LEI needs to be scalable, frictionless, and low cost. This is where RapidLEI can help your banking institution. Make it easy to not just issue LEIs, but also to discover, consolidate and manage both internal LEIs and LEIs for your banking clients.
Meet Regulatory
Demands
Organizations, Trusts, Funds
Faster KYC – LEI issued in mins
Better Entity Data Management
“From 1 May 2025, the Bank will mandate the use of LEIs for all payments between financial institutions, as set out since our 2020 policy statement. This requirement applies to payments made via a channel controlled by the DP until our proposed expansion to all channels from November 2027. The Bank continues to encourage the inclusion of LEIs for all CHAPS payments where possible prior to this date.
It remains the Bank’s vision to widen the LEI requirement to all CHAPS payments over time.”
Bank of England
Download free eBook: CHAPS & LEI requirements
“We recognise the importance of LEI in global trade finance and participation in capital markets, so the provision of LEI services complements our business model and improves the level of service we offer our customers.”
Paul Mifsud, Managing Director at Sparkasse Bank Malta plc
Banks can use LEI Everywhere to achieve the benefits of the GLEIF Validation Agent program during initial onboarding or during a client refresh update:
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.
“By simplifying and accelerating the LEI issuance process, the new Framework also paves the way for FIs to expand their usage of the LEI beyond capital markets to encompass all banking business lines, an opportunity anticipated to save the industry U.S.$2-4 billion annually in client onboarding costs alone.”
GLEIF – LEI VA Framework eBook
EnterpriseLEI makes it simple to manage the entire lifecycle of every LEI Number within your banking group. Discover, register and manage group LEIs in bulk.
The EnterpriseLEI management portal provides instant status, reporting and analytics via a single dashboard to gain actionable insights into your banking group’s LEIs. Time spent managing LEIs is reduced, LEI subscription costs are lowered, and the risk of LEIs falling into lapsed state can be well mitigated.
Full LEI Support
Issue LEIs internally and to organization, trust, and fund clients
Automated LEI issuance process
No overhead to obtain internal LEIs or client LEIs
Bulk Registration
No need to register individual LEIs, add in bulk
Discovery & Consolidation
Identify all group LEIs and add to your account. You save time, cost, and avoid lapsed LEIs
Automated Renewals with Customizable Expiry
Align expiry dates. System automatically renews multi-year LEIs
API
Free LEI API usage, same-session registration and issuance
Volume Discounts
Save significantly over buying individual LEIs
Dedicated Account Manager & 24/7 Support
Coordinates and prepares transfers and renewals (inc. Letters of Authorization, level 2 data preparation and more)
One Agreement & Multi-LOU Approach
Both internal and client LEIs can be managed with multiple accounts under a single non-exclusive agreement
Endorsed by the G20 and is intended to be “the one identity behind every business” LEIs are mandatory for MiFID II / MiFIR, EMIR, SFTR, Dodd Frank Act, and many other Financial Regulations.
BoE champions LEIs as a globally recognised and unique identifier for all UK businesses, integrates into the BoE’s Real-Time Gross Settlement (RTGS) service, and mandates use in payment messages.
WHITE PAPER
The Value of LEI Automation for Banks
How banks can unlock seamless counterparty trades and client lifecycle management using RapidLEI and the GLEIF Validation Agent program.
WHITE PAPER
The Future of Legal Entity Identification
GLEIF report investigating the inefficiencies of onboarding processes for Banks. Explores the benefits of a standard method to identify legal entities.
INFOGRAPHIC
Using LEIs to transform client Know Your Business (KYB)
Wide adoption of the LEI could unlock an estimated U.S.$2-4 billion across the global banking sector per annum. Learn more from this GLEIF infographic.
