#Japan #Tokyo #eKYC #D-Confia #Double Standard

Double Standard Introduces New Record Creation Feature in D-Confia

Double Standard Co., Ltd., based in Minato Ward, Tokyo, has officially launched a significant update to its identity verification application, D-Confia. This update features an automated record creation function for customer identification, crucial for compliance with the Act on Prevention of Transfer of Criminal Proceeds (commonly known as the criminal proceeds transfer prevention law). This functionality aims to streamline how businesses manage customer verification data, transitioning from cumbersome manual entries to a more efficient automated system.

Background of Development

In many operational environments, gathering and entering personal identification data—such as names, addresses, and birth dates—into various forms is still performed manually by staff using the eKYC process. This manual intervention often leads to increased administrative burdens, labor-intensive processes, and significant compliance risks due to potential human error.

To address this pressing issue, Double Standard embarked on developing this new feature to eliminate the administrative workload associated with post-identity verification processes. The goal was to ensure that businesses can securely complete these operations digitally and efficiently.

Overview of the New Functionality

The new feature automatically converts the identification information obtained through eKYC into a formatted identity verification record. Here are its key attributes:

1. Automatic Reflection of Basic Information
The data acquired from eKYC—such as name, address, and date of birth—is automatically populated into the identity verification record.

2. Supplementary Information Management
Information that is essential beyond eKYC, like transaction purposes and applicant professions, can easily be entered through Double Standard’s user-friendly management interface.

3. One-Click Generation of Identity Verification Records
Once all necessary information is confirmed, users can instantly generate a legally compliant identity verification record in PDF format.

4. Seamless Integration with Existing Systems via API
The generated identity verification records can be automatically linked to other systems through Double Standard’s provided API.

Moreover, the company offers long-term record storage functionality, complying with the criminal proceeds transfer prevention law for up to seven years—a significant benefit for financial institutions and other relevant businesses looking to enhance compliance while improving operational efficiency.

Advantages of the New System

• - Significant Reduction in Administrative Workload: The need for manual input has been eliminated, accelerating the record creation process and minimizing labor hours.
• - Enhanced Data Accuracy: By using thoroughly verified data collected through eKYC, the risk of transcription errors is diminished.
• - Efficient Data Management and Storage: The system supports paperless documentation and secure management through PDF outputs, API integration, and long-term storage features.

As we approach the revisions planned for the criminal proceeds transfer prevention law in April 2027, Double Standard is committed to fostering a compliant environment that supports users in securely and efficiently managing compliance while promoting the use of public personal identification services (JPKI) and My Number cards.

About D-Confia

D-Confia is an online identity verification service allowing users to complete necessary confirmation processes for account openings or registration entirely online. Users can confirm their identity either by photographing identification documents or using an IC chip reader. The IC chip reader supports the reading of embedded information and public personal identification. The app also integrates various functionalities, including AI OCR capabilities, facial recognition, automated review processes, and automatic data masking to assist back-office operations.

Public Personal Identification Services

This public identification service utilizes the electronic certificates embedded in My Number cards for identity verification. Double Standard is recognized as a certified platform provider in this domain. The company handles the necessary procedural and environmental preparations during the service implementation, thereby alleviating the burden on businesses.

More Information

For more insights on the newly introduced services:

• - Check out the case studies and details on eKYC services
• - Explore information regarding public personal identification services

About Double Standard

Founded in June 2012, Double Standard harnesses unique foundational technologies for big data processing, focusing on developing innovative services in various domains, including:

• - Data cleansing base services
• - Data cleansing coupled with AI OCR services
• - Comprehensive support for all developmental processes aimed at achieving digital transformation (DX)

The company remains committed to offering valuable services across multiple sectors in the future.