Accelerate trust on a global scale: ‘Who is who’ in digital trade – the vision and application of the Legal Entity Identifier


“Corporate digital identity (ID) has the potential to dramatically simplify the identification and verification of companies and to reduce the risks and costs of doing business. It forms a kind of admission ticket for a company to access financial and non-financial services while at the same time enhancing access to information about the company for counterparties, customers, regulators and financial services providers.”

In the context of digitalizing international trade and supply chains, a global, unique and widely recognized corporate ID is integral to establishing trust and transparency and ensuring interoperability.

In a recent paper by the Bank for International Settlements (BIS), the Legal Entity Identifier (LEI) is highlighted as showing particular promise, especially for small and medium-sized enterprises (SMEs). By answering the questions of ‘who is who’ and ‘who owns whom’, the LEI enables smarter, less costly and more reliable decisions about who to do business with. Furthermore the World Economic Forum and the World Trade Organization note in their recent report on trade digitization that the LEI can drive more transparency and underpin the promise of financial technology to deliver greater inclusion of small businesses in the global economy.

This webinar will provide an overview of how the Global LEI System is uniquely positioned to solve the problem of trust for legal entities on a global scale, as well as concrete examples of how adoption of LEIs helps MonetaGo, a financial technology solutions provider, further enhance its global solution to combat fraud in trade finance.

During this one-hour session, our expert speakers Hannah Nguyen, Director – Digital Ecosystems, ICC Digital Standards Initiative, Stephan Wolf, CEO, Global Legal Entity Identifier Foundation and Tat Yeen Yap, Managing Director, MonetaGo (Asia Pacific region)will talk us through: 

  • What is Corporate digital identity and why is it important?
  • What is the vision behind the Legal Entity Identifier (LEI)?
  • How does the Global LEI System and the LEI solve the problem of trust on a global scale?
  • What are some examples of commercial and regulatory uses of the LEI?

Who should attend?

General practitioners working in corporates, financial institutions and fintechs with an interest in digital trade and supply chains, trade finance, due diligence, risks and compliance.

Date and Venue

Date: 27 July 2022
Time:08.00 (New York) I 14.00 (Paris)  I 20.00 (Singapore)
Live Duration: 1 hour (followed by 15 minutes Q&A)
Location: ICC Academy’s Online Classroom (Zoom)



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