Imagine this: You are a manufacturing business importing crucial components from an overseas supplier. Everything looks fine on the surface—company registration numbers match and the paperwork checks out. But months down the line, a fraud scandal breaks, and your supplier vanishes. You are left stranded, with losses that could have been avoided. This may be a hypothetical scenario but it is an unfortunate reality for many companies.

A KPMG study found that 70% of companies surveyed describe their supply chains as ‘very’ or ‘extremely’ complex. This means ensuring transparency and trust is more critical than ever. With growing cases of fraud and hidden ownership structures, identifying “who owns whom” has become a daunting challenge—especially in industries like shipping, the backbone of world trade, moving 80% of global goods worth over $32 trillion annually.

🌍 The Legal Entity Identifier (LEI): A Game-Changer

The LEI is a 20-character alphanumeric code that acts like a universal passport for businesses, helping identify “who is who” and “who owns whom.” From local vendors to global trading partners, the LEI ensures you are dealing with legitimate and verified entities. It offers a globally standardised, machine-readable system to identify legal entities involved in financial transactions. Whether it is tracking 22,000 containers on a single ship or verifying ownership of a company halfway across the globe, the LEI cuts through the noise.
💼 Real-World Impact
• 50% of financial institutions rely on 4+ identifiers for corporate clients. The LEI consolidates this into one, slashing onboarding costs by 10%.
• According to McKinsey & Company, wider LEI adoption could save the banking sector $2–4 billion annually.
• The LEI is a powerful tool in combating fraud, money laundering, and identity theft, as emphasised by findings like the Pandora Papers.

🚢 The Shipping Industry Example
With 5,250 container ships globally, each carrying up to 22,000 containers, ownership tracking becomes a monumental task. By adopting the LEI:
✅ Shipping companies can assign LEIs to containers, enabling seamless tracking and global recognition.
✅ Crews and clients easily identify what belongs where—just like scanning a barcode in a store.
✅ Software systems integrate LEIs, simplifying operations and cutting through red tape.

As India’s first Validation Agent for LEIs, Rubix helps you navigate the complexities of obtaining, managing, and renewing your LEI, ensuring your business remains compliant, secure, and efficient.

👉 Don’t let complexity hold you back. Simplify your supply chain with the LEI and trade with confidence.

Start today! Visit Rubix Data Sciences or contact us at 1800-258-4421 | lei@rubixds.com.