Legal Entity 360 for Banking > Introducing Legal Entity 360 for Banking
Introducing Legal Entity 360 for Banking
An industry 360 application is a ready-to-use package that you can use as a template for implementing MDM SaaS. With an industry 360 application, you can customize solutions to meet specific requirements and business initiatives of your industry. Use an industry 360 application to reduce implementation time, enhance data quality, and achieve faster business outcomes.
Use Legal Entity 360 for Banking to manage legal entity and person records for the banking industry.
Use Legal Entity 360 for Banking to achieve the following goals:
Onboard records
Onboard the legal entity identifier records from third-party legal entity data providers to Customer 360. You can create a new legal entity or import a legal entity after searching the source systems.
Consolidate records
Merge the records from different source systems and provide a single version of the truth.
Validate and enrich records
Validate and enrich legal entity data from third-party data sources using custom rules. You can use match and merge rules to consolidate and master the records.
Manage affiliations
Manage the associations of legal entities. For example, you can identify the investor associated with a legal entity.
Generate reports
View the important aspects of the master data using reports. Legal Entity 360 for Banking provides dashboards to view legal entity data reports.
Use the GLEIF API v1.0 version to integrate Legal Entity 360 for Banking with the source system.