Rubix Information Sciences: FIEO indicators MoU with Rubix Information Sciences for LEI issuance

Rubix Information Sciences is a enterprise intelligence firm providing expertise and analytics based mostly B2B danger administration and monitoring platform. In April 2022, the International Authorized Entity Identifier Basis (GLEIF) and the Authorized Entity Identifier India Ltd. (LEIL) appointed Rubix as India’s first LEI validation agent to assist shoppers get hold of LEIs.

As a part of the MoU with FIEO, Rubix will handhold Indian exporters by the documentation course of and facilitate speedy and cost-effective LEI issuance. Rubix will even work with exporters to make sure the well timed renewal of LEIs to maintain their LEIs lively.

In the course of the signing of the MoU, Dr Ajay Sahai, Director Basic & CEO, FIEO mentioned that “Acquiring the LEI by Rubix will assist FIEO members construct belief with counterparties, monetary establishments, and different stakeholder organisations, whatever the sector, as a result of it serves as a necessary identifier in each cross-border and home transactions and helps filter out fraudulent and faux entities that will try to register as suppliers, prospects, distributors or sellers.”

“Rubix acknowledges the vital position of exporters in driving India’s socio-economic progress. On condition that the LEI is a worldwide identifier, it’s particularly essential for Indian SME exporters to acquire the LEI to face out and be recognised within the world market. It’s a privilege for Rubix to help Indian exporters within the LEI utility and validation course of through this partnership with FIEO, “mentioned Mohan Ramaswamy, Co-Founder and CEO of Rubix Information Sciences.