Machine Learning: New Open Source Tool Developed By GLEIF And Sociovestix Labs Enables Organizations Everywhere To Automatically Detect And Standardize Legal Forms - J.P. Morgan Has Successfully Tested The New Machine Learning Tool And Is Currently Evaluating Its Integration In Its Data Pipeline

<p><span>In line with its commitment to advancing the availability of open, accurate, and relevant entity identification data around the world, the Global Legal Entity Identifier Foundation (GLEIF) has collaborated with Sociovestix Labs to create a machine learning tool that recognizes an entity&rsquo;s specific legal form and automates the assignment of its corresponding Entity Legal Form (ELF) code. The &lsquo;Entity Legal Forms (ELF) Code List&rsquo; is based on the ISO standard 20275 &lsquo;Financial Services &ndash; Entity Legal Forms (ELF)&rsquo; and assigns a unique alpha-numeric code of four characters to each entity legal form.</span></p>

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