#Japan #Tokyo #ELEMENTS #LIQUID eKYC #ID Verification

ELEMENTS Achieves Remarkable Success in eKYC Market

In a recent report by IT Research, ELEMENTS, a leading technology company, has been recognized as the top vendor in Japan's eKYC (electronic Know Your Customer) market for six consecutive years. This accomplishment highlights the robust capabilities of its subsidiary, Liquid, which offers the online identity verification service known as LIQUID eKYC. With an impressive cumulative total of approximately 130 million identity verifications and contracts with around 600 companies, ELEMENTS has solidified its position in the industry.

Background of LIQUID eKYC

Since its launch in 2019, LIQUID eKYC has provided an innovative online identity verification solution that meets diverse industry requirements. The service allows users to verify their identities using various methods, including scanning official identification documents such as driver’s licenses and My Number Cards, as well as utilizing secure facial recognition technology. The service also accommodates public authentication systems, such as JPKI and smartphone JPKI, ensuring seamless identification across multiple sectors.

In March 2025, ELEMENTS expanded its offerings by acquiring Polarify, further enhancing its suite with the addition of Polarify eKYC—a service that also facilitates online identity verification.

Market Leadership and Statistics

As a testament to its excellence, ELEMENTS has achieved the highest market share in the eKYC sector for six years running. The high performance of LIQUID eKYC can be attributed to its sophisticated image recognition and facial authentication technologies, which significantly reduce dropout rates during the verification process. This is particularly crucial against the backdrop of evolving regulations that demand advanced identity verification solutions across various industries.

According to the latest findings, ELEMENTS has successfully accounted for approximately 66% of the online identity verification services utilized by banks implementing eKYC, as well as an impressive 96% among major telecommunications carriers, including three out of the four leading mobile operators in Japan. Such extensive adoption underscores the trust and reliability that ELEMENTS has cultivated within these critical sectors, particularly due to regulations aimed at preventing financial crimes and ensuring customer security.

Why Choose LIQUID eKYC?

The LIQUID eKYC service enables users to complete essential identity verification processes online—whether for contractual agreements, account registrations, or bank account openings—without needing to visit a physical location. The combination of advanced AI technology, biometric authentication, and OCR capabilities ensures a low dropout rate from the start of the verification process to completion. This efficiency has led to the impressive statistics of approximately 130 million total identity verifications and nearly 600 business contracts achieved by the ELEMENTS group overall.

For further information about LIQUID eKYC and to experience its advantages, visit our official website here or check out the public authentication details here.

About ELEMENTS

Operating under the motto “BEYOND SCIENCE FICTION,” ELEMENTS specializes in offering solutions in personal authentication, data management, and optimization across diverse sectors. Recognizing the significant societal challenges posed by financial crimes and mass production, the company aims to provide necessary systems and services that not only enhance security but also improve efficiency across multiple industries.

Currently, ELEMENTS has positioned its primary online verification services in various sectors, including finance and telecommunications, catering to approximately 600 organizations. Located in the Nihonbashi Life Science Building in Tokyo, ELEMENTS was founded in December 2013 and is listed under the Tokyo Stock Exchange Growth Market with the stock code 5246.

For more details about ELEMENTS, please visit their official website here.