News & Insights


15 March, 2021
By LEI Worldwide

The Validation Agent (VA) Framework

The GLEIF Validation Agent framework is a new initiative intended to replace duplicated workflows experienced by banks and customers who are being onboarded, and applying for LEIs simutaneously. Any Financial Insittution that conducts KYC onboarding, can apply to become a Validation Agent e.g a bank. The benefit of this is that the bank can apply for an LEI on behalf of the customer, at the point of onboarding, using the KYC verification documents uploaded while being onboarded to apply for the LEI, thus streamlining and replacting outdated, duplicated workflows.