#Japan #Tokyo #Identity Verification #LIQUID eKYC #JCOM Financial

Introduction of LIQUID eKYC for JCOM Financial Loan Applications

In an innovative step towards enhancing digital financial services, JCOM Financial Co., Ltd., located in Minato City, Tokyo, has partnered with Liquid, a subsidiary of the ELEMENTS group, to implement the online identity verification service known as 'LIQUID eKYC'. This service is designed to facilitate identity verification during the application process for personal loans, specifically the 'J:COM Premium Loan'. The introduction of LIQUID eKYC eliminates the need for applicants to mail documents, significantly reducing manual verification tasks typically carried out by operators.

Background of the Service

The 'J:COM Premium Loan' necessitates a robust identity verification system, which will now be fulfilled by LIQUID eKYC. This service enables applicants to photograph their identification documents using their smartphones, allowing for automatic image reading, facial recognition, and forgery checks. One of the pivotal reasons for selecting LIQUID eKYC was its proven reliability demonstrated during its usage within the parent company, JCOM Corporation. Furthermore, the wealth of use cases in the financial sector and comprehensive operational support contributed to the decision to adopt this advanced solution.

Implementation Details

LIQUID eKYC adheres to the legal framework established by the Act on Prevention of Transfer of Criminal Proceeds, ensuring compliance in its identity verification processes.

Key features include:

• - Capturing images of identification credentials, such as driver's licenses or My Number cards, focusing on aspects like thickness and both sides of the documents.
• - Allowing applicants to submit a self-portrait, enhancing the verification process through facial recognition.

Through the capturing of both the identification document and a self-portrait, users can complete the identity verification process online seamlessly. The facial recognition technology utilized within LIQUID eKYC boasts world-class precision. Moreover, to help users avoid errors while capturing their images, the system provides immediate feedback on common mistakes, accompanied by specific error messages, thus minimizing dropout rates during the verification process.

About the 'J:COM Premium Loan' Service

Set to commence on November 25, 2025, the 'J:COM Premium Loan' service will be available exclusively to J:COM subscribers. All processes, from application to repayment, can be completed within the J:COM app 'MY J:COM' or through their website, with the potential for loan approval in as little as 10 minutes after submission, depending on application timing and status.

Note: The fastest same-day approvals apply only to applications submitted between 10 AM and 5 PM. In some cases, evaluations may extend to the following business day based on application circumstances.

For more details on the service, visit: JCOM Financial News

The Leading eKYC Service: LIQUID eKYC

LIQUID eKYC has been recognized as the top solution in the eKYC market for six consecutive years. This service enables online verification of identity during contracts, account registrations, and new account openings. Utilizing identification documents, such as driver's licenses or My Number cards, LIQUID eKYC performs matches with user-provided self-portraits and offers various methods, including those using public personal authentication (JPKI / Smartphone JPKI). It can also accommodate age verification for student discounts.

Thanks to proprietary AI technologies, biometric authentication, and OCR capabilities, LIQUID eKYC achieves a low dropout rate from initiation to completion. The ELEMENTS group has celebrated over 150 million completed identity verifications and more than 600 contracted companies.

For more about eKYC, visit: LIQUID eKYC and Public Personal Authentication

About JCOM Financial Co., Ltd.

JCOM Financial is a financial service company under the J:COM Group, dedicated to delivering tailored personal loan solutions that meet diverse consumer needs through its 'J:COM Premium Loan' offering. The company aims to support better living conditions, reinforcing its commitment to building a prosperous society as guided by the J:COM Group's philosophy.

Location: 6-13-10 Shimbashi, Minato City, Tokyo
CEO: Masao Kimino
Established: November 1, 2024
Website: JCOM Financial

About Liquid

Liquid strives to democratize access to various services by utilizing biometric authentication to ensure security while simplifying user experiences across the globe. Focusing on compliance with identity verification laws in finance, telecommunications, second-hand goods transactions, real estate, and CtoC commerce, Liquid is committed to providing solutions that enhance security alongside convenience.

Location: 3-8-3 Nihonbashi Honcho, Chuo City, Tokyo
CEO: Takaki Hasegawa
Established: December 2018
Website: Liquid

For biometric identity verification details, visit: LIQUID eKYC, LIQUID Auth, and PASS Digital ID Wallet.

About ELEMENTS Inc.

Located at 3-8-3 Nihonbashi Honcho, Chuo City, Tokyo, ELEMENTS Inc. is known for its innovative contributions to the digital landscape.

Chairman: Yasuhiro Takeda, President: Takaki Hasegawa
Stock code: Tokyo Stock Exchange Growth Market 5246
Established: December 2013
Website: ELEMENTS

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