New Era of Online KYC: Resona Banks Implement Liquid's IC Authentication System
In a significant advancement in financial services, Resona Bank, Saitama Resona Bank, and Kansai Mirai Bank are now adopting the cutting-edge online identity verification service, LIQUID eKYC, through their recently launched "IC Okama Pack." This innovative setup allows corporate clients to complete their identity verification without the hassle of photographing identification documents or submitting selfies. Instead, users simply need to scan their My Number Card IC chip using their smartphones, ensuring a fast and efficient authentication process.
The three banks have previously implemented LIQUID eKYC for verifying the identities of account opening applicants, relying on a method that compares submitted identification documents with a selfie image. With the user-friendly interface and real-time image processing technology of LIQUID eKYC, the quality of the submitted images can be assessed instantly. If any issues arise, the system promptly informs users about the specific problems, resulting in lower dropout rates and fewer cases of unclear data submissions. This experience has led to the extension of the system through the IC Okama Pack.
Through the IC Okama Pack, clients utilize their My Number Card's IC chip for government-sanctioned identity verification (JPKI). This revolutionary technology encompasses a complete verification process that employs IC chips from My Number Cards or driver's licenses. The system automatically directs users to the most effective reading channels, adapted to their respective smartphone operating systems. For iOS users, the verification can be completed through a web browser, while Android users will access it via the LIQUID eKYC app. This streamlined approach drastically reduces development efforts while offering a more user-friendly verification method.
Additionally, with a patented technology, LIQUID eKYC now allows for government-sanctioned identity verification via web browsers, eliminating the previous requirement of app installation. This change significantly simplifies processes for users and helps prevent dropout rates, enhancing overall user satisfaction.
Resona Bank and its affiliates facilitate a fully online process for corporate account openings. Eligible customers can benefit from completely web-based account creation. They also have access to the Resona Group App for Business, which incurs no monthly fees, along with various advantages like corporate cards and strong security measures.
LIQUID eKYC, a leading solution in the market, has achieved the largest market share for six consecutive years in the eKYC space according to the ITR Market View. This service streamlines identity verification for online contracts, account registrations, and corporate account openings. By reading identification documents such as driver's licenses or My Number Cards, and comparing them to a selfie, the service guarantees a smooth authentication process. The added support for age verification, making it invaluable for student discounts, further expands its capabilities. Thanks to its advanced AI, biometric, and OCR technologies, LIQUID eKYC ensures a lower dropout rate from the moment of initiation to completion, boasting cumulative identity verification counts topping 150 million, with contracts exceeding 600 companies.
Liquid is committed to making identification seamless for the world's 8 billion people, enabling them to access various services easily and securely, without barriers. The company aligns with current trends in digital identification across various sectors, ensuring robust measures against fraud while optimizing convenience and security. Based in Tokyo, and founded in December 2018, Liquid continues to innovate under the leadership of CEO Takaki Hasegawa, striving for a future where authentication becomes effortless.
ELEMENTS has its headquarters situated in Chuo-ku, Tokyo, aiming to revolutionize industries through its biometric solutions and identity verification services. Listed on the Tokyo Growth Market under the stock code 5246, ELEMENTS is led by Chairman Yasuhiko Hisada and CEO Takaki Hasegawa, continuously expanding its reach and influence since its founding in December 2013.
The trademarks and registered names mentioned are the property of their respective holders. Android is a trademark of Google LLC, and iOS is a registered trademark of Apple Inc.
Background of the Adoption
The three banks have previously implemented LIQUID eKYC for verifying the identities of account opening applicants, relying on a method that compares submitted identification documents with a selfie image. With the user-friendly interface and real-time image processing technology of LIQUID eKYC, the quality of the submitted images can be assessed instantly. If any issues arise, the system promptly informs users about the specific problems, resulting in lower dropout rates and fewer cases of unclear data submissions. This experience has led to the extension of the system through the IC Okama Pack.
Features of IC Okama Pack
Through the IC Okama Pack, clients utilize their My Number Card's IC chip for government-sanctioned identity verification (JPKI). This revolutionary technology encompasses a complete verification process that employs IC chips from My Number Cards or driver's licenses. The system automatically directs users to the most effective reading channels, adapted to their respective smartphone operating systems. For iOS users, the verification can be completed through a web browser, while Android users will access it via the LIQUID eKYC app. This streamlined approach drastically reduces development efforts while offering a more user-friendly verification method.
Additionally, with a patented technology, LIQUID eKYC now allows for government-sanctioned identity verification via web browsers, eliminating the previous requirement of app installation. This change significantly simplifies processes for users and helps prevent dropout rates, enhancing overall user satisfaction.
Online Corporate Account Openings
Resona Bank and its affiliates facilitate a fully online process for corporate account openings. Eligible customers can benefit from completely web-based account creation. They also have access to the Resona Group App for Business, which incurs no monthly fees, along with various advantages like corporate cards and strong security measures.
LIQUID eKYC Market Leadership
LIQUID eKYC, a leading solution in the market, has achieved the largest market share for six consecutive years in the eKYC space according to the ITR Market View. This service streamlines identity verification for online contracts, account registrations, and corporate account openings. By reading identification documents such as driver's licenses or My Number Cards, and comparing them to a selfie, the service guarantees a smooth authentication process. The added support for age verification, making it invaluable for student discounts, further expands its capabilities. Thanks to its advanced AI, biometric, and OCR technologies, LIQUID eKYC ensures a lower dropout rate from the moment of initiation to completion, boasting cumulative identity verification counts topping 150 million, with contracts exceeding 600 companies.
About Liquid
Liquid is committed to making identification seamless for the world's 8 billion people, enabling them to access various services easily and securely, without barriers. The company aligns with current trends in digital identification across various sectors, ensuring robust measures against fraud while optimizing convenience and security. Based in Tokyo, and founded in December 2018, Liquid continues to innovate under the leadership of CEO Takaki Hasegawa, striving for a future where authentication becomes effortless.
About ELEMENTS Group
ELEMENTS has its headquarters situated in Chuo-ku, Tokyo, aiming to revolutionize industries through its biometric solutions and identity verification services. Listed on the Tokyo Growth Market under the stock code 5246, ELEMENTS is led by Chairman Yasuhiko Hisada and CEO Takaki Hasegawa, continuously expanding its reach and influence since its founding in December 2013.
The trademarks and registered names mentioned are the property of their respective holders. Android is a trademark of Google LLC, and iOS is a registered trademark of Apple Inc.
Topics Financial Services & Investing）
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