#Japan #Tokyo #LIQUID eKYC #Online Verification #Face Recognition

Liquid Enhances ID Verification with Face Recognition

In a significant upgrade to its online identity verification service, Liquid Corporation has announced the integration of face recognition technology into its LIQUID eKYC platform. This new feature, which is compatible with web browsers, adds an essential layer of security and convenience for users needing identity verification for various online transactions.

What is LIQUID eKYC?

LIQUID eKYC is an online service that streamlines identity verification for activities such as account registration and opening bank accounts. Previously, the service relied on public individual authentication (JPKI) along with the reading of IC chip ID cards. With the recent enhancement, users can now achieve verification through a combination of IC chip readings and face recognition, facilitating a more user-friendly experience while maintaining compliance with laws aimed at preventing money laundering and the fraudulent use of mobile phones.

How Does It Work?

The new face recognition function works by verifying the user's appearance through a self-taken photograph, which is cross-checked against the IC chip information contained within official identification documents. This serves to enhance the level of authentication, which is crucial in any process involving sensitive personal information.

• - IC Chip + Face Recognition: This method verifies the user by comparing their appearance against the data held in their ID card's IC chip, in line with anti-money laundering regulations.
• - JPKI + Face Recognition: Users can also confirm their identity through the JPKI system, utilizing the IC chip information on their My Number Card, complemented by a live face shot for robust verification.

With this enhancement, Liquid aims to minimize risks associated with identity fraud and document forgery, creating a safer online environment.

Benefits for Businesses

• - No Need for App Development: Businesses can utilize a browser-based application to read ID chip data, removing the need for bespoke app development and maintenance.
• - Reducing User Drop-offs: The service's ease of access directly addresses concerns that users previously had, such as the need to install various apps for identity verification, thereby likely increasing application conversion rates.
• - Enhanced Security: By incorporating facial recognition with IC chip information, Liquid targets to thwart identity impersonation and fraudulent submissions, thereby safeguarding both businesses and their customers.

Benefits for Users

For individuals engaging in identity confirmation processes, this integration reduces the hassle of downloading and installing apps, allowing for quicker and more straightforward verification. Users can complete their identity checks in a fraction of the time it might have taken before the update, streamlining a previously cumbersome process.

Competitive Edge in the eKYC Market

LIQUID eKYC has maintained a leading position in the eKYC market for six consecutive years, boasting a robust cumulative total of approximately 130 million identity verifications and 600 contractual partnerships across various sectors. It supports diverse forms of identification, including driver's licenses and residence cards, providing expansive coverage that makes it more accessible than other verification methods. Additionally, the service is optimized for usability by ensuring that verification procedures requiring My Number Cards do not necessitate PIN entries from users.

Company Background

Founded in December 2018 and headquartered in Chuo City, Tokyo, Liquid aims to facilitate a user-friendly and secure online environment by leveraging biometric authentication technologies. Through its innovative approaches in identity verification, Liquid hopes to contribute meaningfully to various business sectors, including financial transactions, real estate dealings, and remote communications. Its diverse offerings cater to both domestic and international needs, reflecting the company's ambition to create a seamless world where every person can engage with services effortlessly.

For more information on Liquid’s offerings, visit their official site at LIQUID eKYC.