Liquid Co., Ltd.
Online identity verification service “LIQUID eKYC” has exceeded 40 million total identity verifications
– Expanding number of customers including overseas services developed in Japan – ……
Liquid Co., Ltd. (Headquarters: Chuo-ku, Tokyo, Representative Director: Takaoki Hasegawa), a member of the ELEMENTS Group, is pleased to announce that the cumulative number of identity
verifications for its online identity verification service “LIQUID eKYC” has exceeded 40 million. .
[Image: https://prtimes.jp/i/13861/164/resize/d13861-164-fba4d4c997a7000ff97c-0.png&s3=13861-164-f2af4c16c67bc4a18401d398a4a8a467-2400×1300.png ]
“LIQUID eKYC” is a service that completes identity verification online by photographing an identity verification document or reading an IC chip and comparing it with a self-portrait photo, or by utilizing public personal authentication. . Biometric authentication technology and image processing technology are used to achieve low drop-out rates during procedures, low proportion of blurred images, and high automatic judgment accuracy for facial recognition.
In addition to being introduced in a variety of industries, including Web3 related services such as finance, communication carriers, secondhand goods buying, sharing economy related services, matching apps, crypto asset trading services, and blockchain game guild services, we also offer overseas services developed in Japan. The cumulative number of identity verifications has exceeded 40 million, due to the increasing number of applications. Additionally, the number of contracted companies exceeds 200.
Case study (overseas service deployed in Japan): Supporting identity verification in compliance with Japanese laws and regulations “LIQUID eKYC” has been praised for its ability to quickly and accurately verify identity using a method that complies with laws and regulations, and the introduction of overseas services in Japan is expanding. In Japan, depending on the content of the service provided, it is mandatory to verify the user’s identity using a prescribed method stipulated by law. Utilizing our knowledge gained from our extensive experience in industries with legal obligations, we provide support to overseas companies, including organizing applicable laws and regulations.
Companies that have introduced it (some) *In alphabetical order WinTicket Co., Ltd., Eureka Co., Ltd. (Pairs), NTT Docomo Co., Ltd., Omiai Co., Ltd., Credit Saison Co., Ltd., KDDI Corporation, Coincheck Co., Ltd., SAKURA UNITED PLATFORM PTE.LTD., JMDC Co., Ltd., JCB Co., Ltd., JPYC Co., Ltd., SBI Sumishin Net Bank Co., Ltd., Seven Bank Co., Ltd., ZOZO Co., Ltd., Toyota Finance Co., Ltd., Binance Japan Co., Ltd., Nippon Telegraph and Telephone East Co., Ltd., bitFlyer Co., Ltd., FamilyMart Digital One Co., Ltd., pring Co., Ltd. , Paidy Co., Ltd., Mirativ Co., Ltd., Japan Post Bank Co., Ltd., Rakuten Wallet Co., Ltd., Luup Co., Ltd.
Reference: Latest trends in “LIQUID eKYC”
・Achieved 100% service utilization rate for 3 consecutive years We have achieved an operation where the system is available 24 hours a day, 365 days a year, without interruption of service to users, including during system maintenance. There will be no service outages in 2023, and we have achieved a 100% operating rate for the third consecutive year. The reason for this is that the companies that have introduced it have a common cloud infrastructure and are able to make concentrated investments in safety measures to improve security and performance. Another reason behind this is that we have a development and operation process that has been continuously improved based on ISMS and FISC security standards, in response to industries that require strict security standards such as financial institutions and major telecommunications carriers.
・Approximately 300 functional improvements/developments per year Based on more than a dozen KPIs (such as face identification rate) that we measure every month, we are improving and developing functions to make identity verification smoother for both users and businesses. It is characterized by an appropriate balance setting that balances the high image quality demanded by businesses with ease of shooting for users, and a UX that does not disappoint users. With a flexible development system with a short release cycle, we quickly provide functions based on the needs of implementing companies and business trends, and in 2023, we improved and developed approximately 300 functions in 2023. In addition to functional improvements, we have carried out fundamental improvements to image recognition technology through research and development, improving the ability to detect facial forgeries and improving the accuracy of quality judgment of captured images using AI based on user data accumulated on a common platform. We are also working on this every day.
-Developments related to public personal authentication-
2023.12.19 Providing a public personal authentication app for businesses that require identity verification on a web browser https://liquidinc.asia/2023-12-19/
2023.10.31 “LIQUID eKYC” is equipped with a kana name conversion function for public personal authentication
https://liquidinc.asia/2023-10-31/
2023.10.24 “LIQUID eKYC” is equipped with a new function that electronically signs facial images during public personal
authentication
https://liquidinc.asia/2023-10-24-02/
2023.04.26 Providing an identity verification method compatible with smartphones equipped with My Number Card function
https://liquidinc.asia/2023-04-26/
■About “LIQUID eKYC” which has the No. 1 eKYC market share for 4 consecutive years*
This is a service that allows you to complete the identity
verification required when signing a contract, registering an account, opening an account, etc. online. Procedures such as changing notifications such as address changes, and continuous customer management to understand customer transaction status on a daily basis will also be made online. It is possible to take a photo of an identification document such as a driver’s license or My Number card, or to read an IC chip and match it with a self-portrait photo, as well as public personal authentication (JPKI/smartphone JPKI). Using unique AI technology, biometric authentication (facial recognition) technology, OCR technology, etc., we have achieved a low withdrawal rate from the start of shooting to completion, and the cumulative number of identity verifications has exceeded 40 million.
Website: https://liquidinc.asia/liquid-ekyc/
(Page regarding public personal authentication: https://liquidinc.asia/jpki/) *ITR “ITR Market View: Identity and Access Management/Personal Authentication Security Market 2023” eKYC market: Sales amount share by vendor (FY2019-FY2022 forecast)
■About Liquid Co., Ltd.
Liquid aims to create a smooth society where all of the world’s approximately 8 billion people can easily and safely use all services as they are by utilizing biometric authentication and digitizing authentication. . In addition, the flow of online identity
verification in financial transactions (Act on Prevention of Transfer of Criminal Proceeds), mobile phone contracts (Act on Prevention of Unauthorized Use of Mobile Phones), used goods purchase (Secondhand Goods Business Act), real estate transactions, C2C transactions, etc. In line with this, we will provide a system for cross-cutting fraud detection across industries and providers, pursuing both convenience and security.
Address: 5th floor, Nihonbashi Life Science Building 3, 3-8-3 Nihonbashi Honmachi, Chuo-ku, Tokyo
Representative: Takaoki Hasegawa
Established: December 2018
Website: https://liquidinc.asia
Service site:
Identity verification service “LIQUID eKYC” https://liquidinc.asia/liquid-ekyc/ Personal authentication service “LIQUID Auth”
https://liquidinc.asia/liquid-auth/
■About ELEMENTS Co., Ltd.
Address: 5th floor, Nihonbashi Life Science Building 3, 3-8-3 Nihonbashi Honmachi, Chuo-ku, Tokyo
Representative: Yasuhiro Hisada
Stock code: TSE Growth Market 5246
Established: December 2013
Website: https://elementsinc.jp/
More details about this release:
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