Company Autocomplete by LEI Register

Who is LEI Register?

From day one LEI Register’s mission has been optimising The Legal Entity Identifier (LEI) code obtaining process. Having been established in 2018, after one of the founders, who was working in fintech found the LEI code requiring process extremely insufficient and time consuming. With an aim to drive the industry further, LEI Register set focus on the human aspect with a customer first approach. The company prides itself on it’s multilingual customer service provided by their helpful and professional global team in more than 30 countries. Having a fast processing speed and by innovating the industry, it has led LEI Register to grow into one of the biggest LEI issuers by market share globally.


What in an LEI?

The Legal Entity Identifier (LEI) is a 20-digit reference number used to uniquely identify parties in financial transactions worldwide, based on the ISO 17442 standard developed by the International Organization for Standardization (ISO). The code was introduced as a critical measure to better the quality and precision of financial data systems for better risk management following the Global Financial Crisis. So essentially it is a business passport, that identifies your company and makes it possible to check if your counterpart is who they’re claiming to be.


LEI will be assigned on application from the legal entity and after due validation of data,
the fastest service offered by LEI Register. 


Company Autocomplete by LEI Register

The newest addition for optimising user experience being an autocomplete plugin. “Company Autocomplete by LEI Register” is open source software, by enabling this plugin it’ll add an autocomplete function to the company name field in your standard Woocommerce checkout form. The information linked to your LEI code, will be taken from The Global Legal Entity Identifier Foundation’s (GLEIF) open database. Which is growing rapidly with over 2 million companies to date, from all over the world. So typing in a name to the company name field will automatically trigger Asynchronous JavaScript And XML (AJAX)  to the free use GLEIF public database (GLEIF LEI data terms of use).

Using LEI database, the plugin will streamline the process of verifying the entity, with which you’re undertaking a transaction, is in fact who they claim to be. Clicking on the chosen name, it’ll hide the list and pre-fills correct data of the following fields: 

 

  1. Company name
  2. Address
  3. City
  4. Postal code
  5. Country



 

 

 

 

 

 

 

 

 

 

 

 

 

 

When enabling the plugin, the Company Autocomplete by LEI Register will show a list of matching companies for the keywords.

DOWNLOAD THE PLUGIN 

In case of no search results or other related issues, there are shown errors. The thought behind being making the plugin clear and minimal, and not to confuse users in case there are no matches detected for the inserted company name.