Next generation governance solution reduces risk of unauthorized representation and eliminates the costs associated with administration and manual representation workflows
Right to Represent is an LEI-based service that makes it easy for individuals to assert their rights to represent their organization. Using the same concept as “Sign in with Apple” or “Log in with Facebook”, Right to Represent uses LEI based accounts to authenticate organization affiliation and rights.
Combining industry leading solutions from Ubisecure
Right to Represent requires a standardised & federated organization identity managed through an Identity Provider (IdP) & Rights Delegation service.
Rights are defined by governance mandates including legal, financial, compliance, and security.
Ubisecure’s Identity Platform provides the Identity Provider (IdP) and Rights Delegation service.
The RapidLEI vetting services provide linkage between the organization identity and the delegation / IdP services.
How Right to Represent benefits Governance processes:
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 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
Organizations add Right to Represent at the point in governance workflows rights verification is needed (legal, financial, compliance, security):
“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 organizations 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