{"id":5397,"date":"2025-06-12T09:36:57","date_gmt":"2025-06-12T09:36:57","guid":{"rendered":"https:\/\/rubixds.com\/blog\/?p=5397"},"modified":"2025-06-12T09:36:57","modified_gmt":"2025-06-12T09:36:57","slug":"want-to-know-who-you-are-really-dealing-with-start-with-an-lei","status":"publish","type":"post","link":"https:\/\/rubixds.com\/blog\/want-to-know-who-you-are-really-dealing-with-start-with-an-lei\/","title":{"rendered":"Want to Know Who You are Really Dealing With? Start with an LEI"},"content":{"rendered":"

\"Want<\/p>\n

\ud83d\udd0d \ud835\uddd9\ud835\uddff\ud835\uddee\ud835\ude02\ud835\uddf1\ud835\ude00 \ud835\uddee\ud835\uddff\ud835\uddf2 \ud835\uddf3\ud835\uddf2\ud835\ude04\ud835\uddf2\ud835\uddff – \ud835\uddef\ud835\ude02\ud835\ude01 \ud835\uddf3\ud835\uddee\ud835\uddff \ud835\uddf0\ud835\uddfc\ud835\ude00\ud835\ude01\ud835\uddf9\ud835\uddf6\ud835\uddf2\ud835\uddff.<\/strong><\/p>\n

\ud83e\udde8 Trust is no longer a given. It must be earned, validated, and secured.
\nThe Reserve Bank of India<\/a>\u2019s Annual Report (2024\u201325) paints a stark picture:
\n\ud83d\udc49 Total losses from bank frauds tripled in just one year\u2014from \u20b912,230 crore to \u20b936,014 crore.
\n\ud83d\udc49 The number of frauds actually declined by 33%, meaning each fraud is now much larger.
\n\ud83d\udc49 Public sector banks accounted for over 71% of the value lost, largely due to loan-related frauds.
\nAnd it\u2019s not just banks.<\/p>\n

\ud835\uddd4\ud835\uddf0\ud835\uddf0\ud835\uddfc\ud835\uddff\ud835\uddf1\ud835\uddf6\ud835\uddfb\ud835\uddf4 \ud835\ude01\ud835\uddfc \ud835\udde3\ud835\ude04\ud835\uddd6\u2019\ud835\ude00 \ud835\uddda\ud835\uddf9\ud835\uddfc\ud835\uddef\ud835\uddee\ud835\uddf9 \ud835\uddd8\ud835\uddf0\ud835\uddfc\ud835\uddfb\ud835\uddfc\ud835\uddfa\ud835\uddf6\ud835\uddf0 \ud835\uddd6\ud835\uddff\ud835\uddf6\ud835\uddfa\ud835\uddf2 \ud835\udde6\ud835\ude02\ud835\uddff\ud835\ude03\ud835\uddf2\ud835\ude06 2024 \u2013 \ud835\udddc\ud835\uddfb\ud835\uddf1\ud835\uddf6\ud835\uddee \ud835\udde2\ud835\ude02\ud835\ude01\ud835\uddf9\ud835\uddfc\ud835\uddfc\ud835\uddf8:<\/strong>
\n\ud83d\udca5 59% of Indian organisations faced economic or financial fraud in the past 24 months.
\n\ud83d\udcc9 Procurement fraud has now overtaken cybercrime as the top threat.
\n\u26a0\ufe0f Third-party risk is no longer an operational issue; it is a strategic vulnerability.
\nSo, how do we rebuild confidence in counterparties?
\n\ud83d\udd11 Enter the Legal Entity Identifier (LEI), a globally standardised 20-character code that uniquely identifies legal entities involved in financial transactions.<\/p>\n

With 2.9+ million LEIs issued to date, the LEI is emerging as a critical tool for financial integrity, as it:<\/strong>
\n\u2705 Streamlines due diligence
\n\u2705 Improves transparency in supply chains
\n\u2705 Reduces fraud through verified identity
\n\u2705 Eases regulatory reporting and KYC<\/p>\n

As India\u2019s first LEI Validation Agent, Rubix Data Sciences simplifies the process of obtaining, renewing, and managing your LEI, helping businesses transact with confidence in an increasingly high-risk environment.
\n\ud83d\udee1\ufe0f In a world where one misstep can cost millions, the LEI is your first line of defence against financial and reputational risk.
\n\ud83d\udcf2 Explore how Rubix can help you make trust a competitive advantage.<\/p>\n

Email: lei@rubixds.com<\/a>
\nToll Free Number: 1-800-258 4421
\nWhatsApp: +919152009200
\nRegister: https:\/\/bit.ly\/4hG51tO<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\ud83d\udd0d \ud835\uddd9\ud835\uddff\ud835\uddee\ud835\ude02\ud835\uddf1\ud835\ude00 \ud835\uddee\ud835\uddff\ud835\uddf2 \ud835\uddf3\ud835\uddf2\ud835\ude04\ud835\uddf2\ud835\uddff – \ud835\uddef\ud835\ude02\ud835\ude01 \ud835\uddf3\ud835\uddee\ud835\uddff \ud835\uddf0\ud835\uddfc\ud835\ude00\ud835\ude01\ud835\uddf9\ud835\uddf6\ud835\uddf2\ud835\uddff. \ud83e\udde8 Trust is no longer a given. It must be earned, validated, and secured. The Reserve Bank of India\u2019s Annual Report (2024\u201325) paints a stark picture: \ud83d\udc49 Total losses from bank frauds tripled in just one year\u2014from \u20b912,230 crore to \u20b936,014 crore. \ud83d\udc49 The number of frauds […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_gspb_post_css":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[202],"tags":[29,91,204,31,92,51],"class_list":["post-5397","post","type-post","status-publish","format-standard","hentry","category-blog","tag-gleif","tag-global-legal-entity-identifier-foundation","tag-kyc","tag-legal-entity-identifier","tag-legal-entity-identifier-india","tag-lei-code"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":7}},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t