Description: vLEI stands for "Verifiable Legal Entity Identifier." It is a digital and cryptographic advancement of the traditional Legal Entity Identifier (LEI). vLEI
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Frequently Asked Questions vLEI – Verifiable Legal Entity Identifier vLEI Engagement Context Role (ECR) Credentials vLEI Official Organization Role (OOR) Credentials vLEI – Verifiable Legal Entity Identifier Digital identity verification with verifiable LEI vLEI stands for “Verifiable Legal Entity Identifier.” It is a digital and cryptographic advancement of the traditional Legal Entity Identifier (LEI). vLEI enables decentralized and automated validation of an organization’s identity. It also supports the
As companies, authorities, and consumers increasingly rely on digital platforms for everything from financial transactions to communication, the need for a reliable system for identity verification has become more apparent.
The development of LEI to vLEI The Legal Entity Identifier (LEI) emerged as a response to the financial crisis of 2007-2008 and aims to enable a global, clear, and unique identifier for legal entities participating in financial transactions. The LEI system has contributed to increased transparency in the financial sector, but the rapid digital transformation calls for further development.
Links to vlei.ch (10)
nordlei.orgLEI number & Legal Entity Identifier (LEI) code by NordLEI
LEI number & Legal Entity Identifier (LEI) code by NordLEI