Today RapidLEI announced a new partnership with US-based iSoftware4Banks. The partnership empowers iSoftware4Banks as a RapidLEI Registration Agent, with the ability to issue LEIs to its financial institution customers, such as banks and credit unions. With the LEI now mandated by many regulations, including those set by the US Commodity Futures Trading Commission (CFTC), financial institutions are required to have LEIs to participate in certain transactions.
Read the full press release here.
Vincent Raniere, Chief Executive Officer at iSoftware4Banks, said:
“With extensive experience of working in operations and compliance within the financial industry, we have seen the impact and potential of LEIs to revolutionize the space. RapidLEI’s automated issuance API offers us a fast and simple way of obtaining LEIs for our clients, with innovations like the multiyear option making the process that much more efficient.”
Chris Hudson, Director of Channel Sales at RapidLEI, said:
“We’re delighted to be working with iSoftware4Banks. The team’s commitment to meeting their clients’ LEI requirements, alongside many years of experience in the financial space, means this partnership is important to RapidLEI’s sustained growth.”
Find out more about RapidLEI’s partnership programs at rapidlei.com/partners.