LEI Worldwide becomes leading Irish LEI provider

LEI Worldwide has emerged as the leading force in the Irish Legal Entity Identifier (LEI) market for January 2024.

LEI Worldwide has emerged as the leading force in the Irish Legal Entity Identifier (LEI) market for January 2024.

According to recent data from the Global Legal Entity Identifier Foundation (GLEIF), LEI Worldwide boasts more than triple the number of LEIs provided by other Irish entities, indicating a significant market share capture.

Specialising in the management of LEIs within the Irish Financial Services and Funds sector, LEI Worldwide has distinguished itself through a focused approach on portfolio management, data quality, and system management.

This commitment to excellence is evident through its feature-rich platform, RAMP, which outpaces traditional Local Operating Units (LOUs) in terms of functionality and innovation.

The monthly release of Data Quality reports by GLEIF highlights LEI issuance statistics, offering insights into specific LOUs’ performance. LEIs have become indispensable for Irish entities operating under EU regulations such as MiFID 2 and EMIR, as well as for global regulatory compliance in capital markets activities.

Dublin’s emergence as a global tech and business hub has provided fertile ground for LEI Worldwide’s growth. With its headquarters strategically located in the city, LEI Worldwide has a deep understanding of local and EU market requirements, as evidenced by its collaborative development of RAMP with clients to cater to Irish and EU Funds market needs.

The past two years have marked a period of exceptional growth for LEI Worldwide. The company ascended to become Ireland’s premier LEI provider, extending its services not only within Ireland but also globally.

The LEI system itself has experienced exponential growth, with approximately 2.5m LEIs registered to date, expanding at a rate of around 20,000 new LEIs per month.

Darragh Hayes, CEO of LEI Worldwide, commented on the success, stating, “This impressive growth can be attributed to ‘LEI Worldwide’s’ commitment to excellence and its support teams deep understanding of the LEI ecosystem. Our growing partner programme which enables clients to whitelabel our LEI offering has been in development for a number of years, and is now gaining a lot of momentum with our clients.

“Our APiFrame whitelabel and affiliate solution is what is driving a lot of our growth, along with the natural growth of the ecosystem and increasing regulations. In 2024 we will be expanding into new jurisdictions, and preparing our vLEI offering for Quarter 3.”

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