Validation Agent Partners
FIs, Banks, & Trust Service Providers register LEIs during KYC workflows
The VA framework is a new role in the Global LEI System (GLEIS). It enables FIs, Banks & TSPs to leverage and enhance existing validation processes to consolidate the usually separate workflows for KYC, AML & LEI issuance. VAs realise a variety of cost, efficiency and customer experience benefits by leveraging existing KYC and AML processes by obtaining an LEI for customers when verifying a client’s identity during initial onboarding or during a client refresh.
The RapidLEI platform and its API can be integrated into existing KYC and AML workflows to automate both the validation of legal entity validation data and the subsequent registration of the LEI with the GLEIS, all in real-time. This unique approach ensures VAs gain entity data validation enhancements and register only accurate LEIs that meet GLEIS data quality requirements. VAs using RapidLEI with the VA framework enhance the overall reliability of KYC data in general.
VAs are integral to the chain of trust in upcoming vLEI Verifiable Credential solutions, and qualified VAs may issue vLEI.
VAs can be onboarded via RapidLEI Registration Agents & Certified Partners.