#Japan #Yamaguchi #JPKI #LIQUID eKYC #Saikyo Bank

Liquid's Innovative eKYC Integration in Saikyo Bank's Mobile App

In a significant move towards enhancing digital banking security and user experience, Liquid has partnered with Saikyo Bank to integrate its LIQUID eKYC service into the bank's mobile application. This development introduces a robust online identity verification mechanism that leverages Japan's Public Individual Certification (JPKI) standards, ensuring that processes such as account openings and address updates can be completed entirely online.

What is LIQUID eKYC?

LIQUID eKYC is an online verification service designed to streamline identity checks during various online transactions, including banking, contracts, and account registrations. By deploying advanced biometric measures and AI-driven technologies, LIQUID offers seamless identity verification, which is crucial in preventing identity fraud and ensuring regulatory compliance.

The implementation of JPKI allows for secure identity verification by utilizing users’ My Number cards, which guarantees that the verification process adheres to governmental standards. Additionally, this eKYC service incorporates passive facial recognition, where users take a selfie to verify their identity without performing any additional actions, significantly reducing the risk of spoofing attacks, such as those using deepfake technology.

Key Features of the Integration

1. Public Individual Certification (JPKI):
This system ensures a high level of security, allowing users to authenticate themselves through their My Number card. By doing so, the need for physical verification steps is eliminated, making online banking much more convenient.

2. Passive Facial Recognition:
The integration allows users to capture a front-facing image without additional requirements, enhancing the system's security. This method eliminates cues that attackers could exploit, thereby bolstering personal verification systems against fraud attempts.

3. Streamlined Banking Operations:
With LIQUID eKYC, users can perform essential banking operations, like opening accounts and changing addresses, directly through the app. This reduces waiting times and improves overall user satisfaction by simplifying traditionally tedious processes.

Proven Track Record

Liquid's selection as a partner in this initiative comes backed by a solid track record; the company has established contracts with around 600 organizations across various sectors, showcasing its experience and reliability in the eKYC marketplace. Having the largest share of the eKYC market for six consecutive years further solidifies Liquid's reputation as a leader in this field.

Background of Saikyo Bank

Saikyo Bank, located in Shunan City, Yamaguchi Prefecture, has been serving its community since 1930, focusing on providing essential banking services. By incorporating Liquid's eKYC solution, the bank aims to modernize its operations, enhance customer trust, and adhere to various regulatory requirements efficiently.

Looking Ahead

The integration of LIQUID eKYC into Saikyo Bank's platform is a significant step towards digital transformation in the banking industry, reflecting broader trends in consumer technology and financial services where speed and security are paramount. With this partnership, both Liquid and Saikyo Bank are positioned to lead the way in providing a secure and user-friendly banking experience that caters to the evolving needs of their customers.

For more information on Liquid and its services, visit their official sites: LIQUID eKYC and Saikyo Bank.