Liquid Co., Ltd.
The number of monthly identity verifications for online identity verification service “LIQUID eKYC” exceeds 2 million, a record high ~ Significant expansion in usage in the crypto asset industry, approximately double compared to the previous month ~
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Liquid Co., Ltd. (Headquarters: Chuo-ku, Tokyo, Representative Director: Takaoki Hasegawa), a member of the ELEMENTS Group, announced that its online identity verification service “LIQUID eKYC” will reach a record high of 2 million monthly identity verifications in March 2024. We would like to inform you that we have surpassed the The number of monthly identity verifications exceeded 1 million in March 2022, doubling in two years.
[Image: https://prtimes.jp/i/13861/174/resize/d13861-174-2a634abcffa0a0567cbb-0.png&s3=13861-174-45c47b3e4730abe91690b38c2fa449f6-2400×1300.png ]
“LIQUID eKYC” completes identity verification online by taking a photo of an identification document or reading an IC chip and comparing it with a self-portrait photo, or by using public personal identification (JPKI). This is a service that does. By using biometric authentication technology and image processing technology, we have achieved low drop-out rates during procedures, low proportion of blurred images, and high automatic judgment accuracy of facial recognition.
It has been introduced in a variety of industries such as finance, communication carriers, second-hand goods buying, sharing
economy-related services, matching apps, crypto asset trading services, and Web3-related services such as blockchain game guild services, with a total of 200 contracted companies and identity verification. The number of cases has exceeded 40 million. In addition to the steady growth in the number of companies introducing the service and the number of usage scenarios, the use of the service in opening accounts in the crypto asset industry is particularly notable, with the number of monthly identity verifications exceeding 2 million, which has doubled from the previous month. Ta.
■About “LIQUID eKYC” which has the No. 1 eKYC market share for 5 consecutive years*1
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. There are two methods: one that takes a photo of an identity verification document such as a driver’s license or My Number card, or reads an IC chip and matches it with a self-portrait, and one that utilizes public personal authentication (JPKI/smartphone JPKI). It offers. We can also support age
verification for student discounts, etc. Using unique AI technology, biometric authentication 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/) *1 ITR “ITR Market View: Identity and Access Management/Personal Authentication Security Market 2024” eKYC market: Sales amount share by vendor (FY2019-FY2023 forecast)
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 the 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 will carry 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-
2024.03.26 Online identity verification service “LIQUID eKYC” is equipped with “JPKI+ (Personal Number)” function
https://liquidinc.asia/2024-03-26/
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 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: Representative Director 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, Chairman and Representative Director Representative Director and President Takaoki Hasegawa Stock code: TSE Growth Market 5246
Established: December 2013
Website: https://elementsinc.jp/
More details about this release:
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