The partnership combines iSoftware4Banks’ expert financial compliance advice with RapidLEI’s renowned automated Legal Entity Identifier issuance technology.

LONDON, UK and MIAMI, USA – 17 January 2022 – Today, RapidLEI, the world leading Legal Entity Identifier (LEI) issuer, announced a new partnership with iSoftware4Banks, a global payments, financial regulatory compliance and reporting automation specialist. The partnership empowers iSoftware4Banks to issue LEIs using RapidLEI’s automated issuance technology, seamlessly providing its clients with LEIs to enable compliant financial transactions.

iSoftware4Banks offers a range of services to financial institutions, such as banks and credit unions, supporting efficient and effective financial reporting and compliance, payment systems modernization and transformation, business development, strategic planning, and implementation support for a variety of software solutions. LEIs are 20-character alphanumeric codes which uniquely identify organisations in a global database run by the Global LEI Foundation. With more than 2 million LEIs now issued worldwide, the LEI is mandated by several national and international regulations, such as those set by the US Commodity Futures Trading Commission (CFTC).

Against this background, iSoftware4Banks recognised the need for accuracy and speed when obtaining LEIs in order to mitigate against any delays to financial transactions. This led the company to form a partnership with RapidLEI.

Vincent Raniere, Chief Executive Officer at iSoftware4Banks, said, “With extensive experience of working in operations and compliance within the financial industry, we have seen the impact and potential of LEIs to revolutionize the space. RapidLEI’s automated issuance API offers us a fast and simple way of obtaining LEIs for our clients, with innovations like the multiyear option making the process that much more efficient.”

RapidLEI is the leading LEI issuer for new LEIs globally, and became number two in November for total number of LEIs issued over all time, passing Bloomberg and WM Datenservice. Its growth is largely down to its technological innovations and extensive partner base for a variety of pioneering use cases.

Chris Hudson, Director of Channel Sales at RapidLEI, said, “We’re delighted to be working with iSoftware4Banks. The team’s commitment to meeting their clients’ LEI requirements, alongside many years of experience in the financial space, means this partnership is important to RapidLEI’s sustained growth.”

Find out more about iSoftware4Banks at www.is4banks.com, and on the RapidLEI website.

Find out more about RapidLEI’s partnership programs at rapidlei.com/partners.

 

About iSoftware4Banks

iSoftware4Banks understands innovation challenges and the impact of change.

With proficiency in global payments, financial regulatory compliance and reporting automation – plus first hand experience of its impact on technology and operations within the financial industry – its team of seasoned operations and compliance professionals provide services to financial institutions in business development, strategic planning, and implementation support for a variety of software solutions across the globe.

For more information about iSoftware4Banks visit www.is4banks.com.

iSoftware4Banks LEI: 984500BIC814A5836A89.

 

About Ubisecure and RapidLEI

Ubisecure is accredited by the Global Legal Entity Identifier Foundation (GLEIF) to issue Legal Entity Identifiers (LEI). RapidLEI is a Ubisecure service that automates the LEI lifecycle to deliver LEIs quickly and easily. As of August 2021, over 100,000 organisations have chosen RapidLEI to issue their global organisation identifier. As well as pioneering the LEI Everywhere™ program, the company is a technology innovator and provides Identity & Access Management (IAM) software and cloud services for Customers, Workforce, & Organisation Identity use cases. Enterprises and Governments use Ubisecure IAM solutions to enhance user experience and security through improved registration, authentication, authorisation, and identity data management. Ubisecure also provides solutions to companies maintaining their own customer identity pools (such as banks and mobile network operators) to become Identity Providers (IdP) for strong authentication and federation services.

For more information about Ubisecure visit www.ubisecure.com or rapidlei.com

Ubisecure LEI: 529900T8BM49AURSDO55