The Legal Entity Identifier (LEI) is a unique 20-character, alpha-numeric code that contains information about an entity's ownership structure and thus answers the questions of 'who is who' and 'who owns whom.' The LEI has broad potential in use cases but also creates business value in two ways: first, it reduces transactional and operational friction in identifying transaction counterparties. Second, it provides essential information about a legal entity's background.
In this week's episode, we have invited LEI expert David Silverman, CEO of Global FinReg, to discuss the use cases that demonstrate the wide potential application of the LEI.
Enjoy!
Learn more about David by visiting his company webpages: https://www.globalfinreg.com/ and https://fintech.builders/
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