We’re excited to announce a new partnership with FinClusive – a hybrid FinTech/RegTech company that enables digital access to accounts and payments with embedded full-stack financial crimes compliance. FinClusive joins RapidLEI’s LEI Everywhere program, which enables KYC Service Providers, Banks, FinTechs, & Trust Service Providers to leverage the GLEIF Validation Agent (VA) opportunity.
Validation Agents utilize existing KYC and AML workflows to issue Legal Entity Identifiers (LEIs) at the same time, resulting in enhanced legal entity identity information, alongside more efficient and cost-effective LEI issuance.
Read the full press release at ubisecure.com/news-events/finclusive-validation-agent-gleis/.
Amit Sharma, FinClusive CEO, said:
“Corporate and entity verification and validation remains a significant challenge for many financial services providers. By partnering with GLEIF and Ubisecure/RapidLEI, we aim to drive further adoption of LEIs to enable comprehensive compliance and further assist organizations in providing essential financial services to many who remain outside formal banking.”
Paul Tourret, Corporate Development Officer for Ubisecure & RapidLEI said:
“LEIs present high value to any organization using KYC/KYB services when onboarding new clients. Including LEI registration and management in FinClusive’s Compliance-as-a-Service solution will lead to broader use of the LEI, especially in the underserved or excluded markets for which FinClusive enables secure and trusted financial services. For FinClusive to launch services as a GLEIF-approved Validation Agent is an important evolutionary step for the entire LEI ecosystem”.
Stephan Wolf, GLEIF CEO, said:
“The Validation Agent role helps financial institutions including KYC-providers to improve their operations and enable their customers to more quickly achieve their desired financial transactions. From a macro level, broader LEI usage and increasing volumes translate into faster onboarding of new clients, more efficient financial transactions and better risk management. Validation Agents contribute to growth across the entire ecosystem, which will benefit all financial ecosystem stakeholders, as well as the global economy.”
Find out more about RapidLEI’s Validation Agent solution at rapidlei.com/gleif-validation-agents.
About The Author: Francesca Hobson
As Content Marketing Manager, Francesca drives content and related marketing activities at Ubisecure and RapidLEI.
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