Stephan wolf, Actor

Rubix Data Sciences (Rubix), a technology and analytics-based B2B risk management and monitoring platform, has been appointed as a Validation Agent of the Legal Entity Identifier India Ltd. (LEIL) in India.An agreement to this effect was signed between Rubix and Legal Entity Identifier Ltd. (LEIL) which has been accredited by the Global Legal Entity Identifier Foundation (GLEIF), headquartered in Switzerland, as a Local Operating Unit for issuance and management of Legal Entity Identifiers (LEIs). LEIL is a wholly owned subsidiary of the Clearing Corporation of India Ltd.The LEI is a 20-character, alphanumeric code that uniquely identifies a legal entity or structure that is party to a financial transaction in any jurisdiction. The LEI connects to key reference information that enables clear and unique identification of legal entities participating in financial transactions.Each LEI contains information about an entity's ownership structure and thus answers the questions of '' and ''. The LEI data pool, known as the Global LEI Index, is publicly available on GLEIF's website and can be regarded as a global directory that greatly enhances transparency in the global marketplace.The LEI helps to build trust between businesses, financial institutions and organisations, regardless of sector, because it serves as an essential identifier which facilitates cross-border and domestic transactions. Small and medium-sized enterprises (SMEs) that obtain the LEI can stand out amongst peers in the marketplace. Various regulators - including Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI) and Insurance Regulatory and Development Authority of India (IRDAI) - already require entities to obtain a LEI for certain transactions.As a Validation Agent, Rubix will be responsible for the following:Maintaining procedures to verify the existence and eligibility of entities applying for LEIProcuring relevant documents for timely issuance of LEIValidating legal entity-reference data and parent dataEnsuring that clients apply for LEI renewal in a timely mannerMarketing of LEIs to prospective legal entitiesStephan Wolf, CEO, GLEIF comments, "The LEI has a vital role to play in creating greater trust and transparency for businesses around the world. India has already made progress in realizing this vision by supporting LEI adoption through regulatory means. The appointment of Rubix as the latest Validation Agent in the Global LEI System presents a significant opportunity to scale-up voluntary adoption of the LEI within a key global market and support more businesses in their efforts to securely engage in the global marketplace."Mohan Ramaswamy, Co-Founder and CEO of Rubix Data Sciences, said, "Rubix is privileged to be a Validation Agent, working with LEIL to issue LEIs to the market. The LEI provides global credibility and recognition for Indian businesses in international markets. Rubix shall endeavour to spread awareness about the importance of LEIs and assist business entities, particularly SMEs, to obtain the LEI smoothly."This story is provided by BusinessWire India.will not be responsible in any way for the content of this article. (ANI/BusinessWire India)( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Stephan WolfFOLLOW

Stephan wolf, Latest News

Business :Rubix Data Sciences appointed Validation Agent for Legal Entity Identifier in India

Rubix Data Sciences (Rubix), a technology and analytics-based B2B risk management and monitoring platform, has been appointed as a Validation Agent of the Legal Entity Identifier India Ltd. (LEIL) in India. ...