02/04/2025
Finema Becomes Southeast Asia’s First Qualified vLEI Issuer
Finema is proud to announce that we are now an official Qualified vLEI Issuer (QVI) under the Global Legal Entity Identifier Foundation (GLEIF). https://www.gleif.org/en/newsroom/press-releases/finema-becomes-a-gleif-qualified-vlei-issuer-easing-cross-border-trade-and-finance-for-smes
This milestone makes us the first in Southeast Asia to issue verifiable Legal Entity Identifiers (vLEIs), strengthening trust in cross-border trade and finance.
Many businesses, especially SMEs, face challenges in proving their legitimacy when engaging with global financial institutions and trade partners. The inability to verify an organization's identity and its authorized representatives often results in delayed transactions, increased compliance costs, and limited access to credit and trade financing.
EnAuthn, Finema's vLEI-powered solution, solves this problem by providing organizations with a secure, verifiable digital identity. As a cryptographically secure and automatically verifiable version of the Legal Entity Identifier (LEI), the vLEI enables businesses to prove their identity and authority in real time, eliminating manual verification barriers.
With EnAuthn, organizations can:
1. Digitally verify their identity and representatives in a globally trusted, tamper-proof format
2. Streamline regulatory and trade processes, reducing friction in cross-border transactions
3. Enhance financial credibility, making it easier to access trade financing and global markets
Why EnAuthn?
The vLEI is built on internationally recognized ISO standards and cryptographic security, ensuring that organizations and their representatives can be verified instantly and automatically. EnAuthn allows businesses to leverage this innovation, ensuring seamless trust, compliance, and efficiency in digital interactions.
"At Finema, we are committed to revolutionizing compliance and trust in global trade. With EnAuthn, organizations gain secure, verifiable digital identities, simplifying regulatory processes and unlocking new opportunities." - Pakorn Leesakul, CEO, Finema
This is just the beginning. As we expand EnAuthn and the vLEI ecosystem, we look forward to enabling more businesses to operate with confidence, efficiency, and global reach.
Learn more: https://www.enauthn.id/
GLEIF announced Finema, a digital identity provider from Bangkok, as the first Southeast Asia-based Qualified vLEI Issuer. Finema's integration into the…