LEI Solutions > Representation Governance
‘Sign in with RapidLEI’ Service
Use LEIs to provide a fast, secure, and privacy-friendly way for employees and representatives to authenticate themselves and their right to represent an organization.
Digital Rights Governance & Delegation Solution
Using Sign in with RapidLEI, organizations can use LEIs as an authentication method to reduce the risk of unauthorized representation and eliminate the costs associated with administration and manual representation workflows.
Sign in with RapidLEI is an LEI-based service that makes it easy for individuals to authenticate themselves and assert their rights to represent their organization. Rights could be as simple as approved spending limits, or as comprehensive and complex as condition-based legal electronic power of attorney. Using the same concept as “Sign in with Apple” or “Log in with Facebook”, Right to Represent uses LEI-based accounts to authenticate an individual’s organization identity, affiliation and rights.
Verify Rights
Delegate Rights
Assert Rights
Example Use Cases
With Sign in with RapidLEI, it’s easy to:
- Digitize resource-heavy administration tasks such as company spending approval, enforcement and reconciliation
- Make B2B customer onboarding, KYC and AML workflows faster, lower cost, and more effective
- Govern and enforce a representative’s legal and financial rights
- Approve an individual’s right to transact on behalf of the organization
- Verify an individual’s assigned legal representation rights
- Delegate electronic power of attorney to an individual or organization and manage the levels of onward delegation
- Streamline company verification in Certificate Authority, PKI, and electronic signing applications
- Digitize complex Government to organization / citizen services
- And so many more…
Business Value – Finnish Government example
Right to Represent reduces costs by outsourcing right to request / right to represent workflows. Ubisecure delegation of authority (the engine behind 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 organizations for online Government services that scaled nationwide, and supported online power of attorney. Ubisecure provided the solution.
- €6-€10 saving per delegated transaction
- 1m+ authentications per month
How Sign in with RapidLEI & Representation Governance works:
VERIFY RIGHTS
Individuals request Legal Entity Identifier(s)
The rights of the Individual to request and represent on behalf of Organization is verified
Rights and assurances are recorded and managed as an Identity Provider (IdP) service
DELEGATE RIGHTS
Verified Individuals can invite other individuals to join through multi-tier system
Invitees are verified depending on role of the inviter
ASSERT RIGHTS
Service Providers add Right to Represent authentication (OAuth 2.0) at point in workflow they need to determine rights – displayed as a Sign in with RapidLEI login
Pre-established Mandates specify the definitions and values of the Rights (legal, financial, administrative)
Service Provider builds assertion conclusion into workflow or product via SDK/API
Combining industry leading solutions from Ubisecure
Sign in with RapidLEI utilises a standardized organization identity (Legal Entity Identifier) managed through an Identity Provider (IdP) & Rights delegation service. The organization identity is a trust anchor provided by RapidLEI, and the IdP and delegation services are provided by Ubisecure IDaaS Identity Brokering.
Rights are defined by digital governance mandates including legal, financial, administrative, compliance, and security. For example the individual’s spending approval limits, signing rights, onward delegation abilities, administrative privileges.
The RapidLEI vetting services provide linkage between the organization identity and the delegation / IdP services.
Ubisecure is a IDaaS (SaaS IAM) provider. Its Identity Provider (IdP) and Delegated Authority 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.
LEIs are endorsed by the G20 as the standard global organization 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 organization identity.
“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
Insight
Learn about the value of Trust Anchors to assert organisational representation rights