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GDF & GLEIF Proposal – LEI Reducing Cost for KYB
Global Digital Finance and the Global LEI Foundation were pleased to collaborate to put forth a proposal exploring how the Legal Entity Identifier (LEI) can reduce the challenges and costs associated with KYC and KYB processes.
Their joint report examines how leveraging the LEI can address key pain points in due diligence processes, particularly those arising from manual and fragmented client identification methods. Through real-world applications, such as Zodia Markets’ use of the GLEIF API to onboard clients and maintain continuous monitoring, the LEI demonstrates its potential to deliver reliable, instantly verifiable client profiles.
