#Japan #Tokyo #LEVECHY #LIQUID #JPKI

Introduction to LEVECHY's New Service

The landscape of identity verification in online services has evolved significantly, especially in sectors like real estate crowdfunding. LEVECHY, a prominent platform in this domain, announced its partnership with Liquid, a pioneering company based in Tokyo, to implement a state-of-the-art online identity verification service known as LIQUID eKYC. This initiative aims to facilitate smoother and more secure user identification processes via Japan's public personal authentication system (JPKI) using My Number cards equipped with IC chips.

Context: The Change in Legal Requirements

In light of recent increases in identity theft and document forgery, the Japanese authorities have tightened regulations surrounding identity verification. A significant amendment to the Act on Prevention of Transfer of Criminal Proceeds will require, starting April 1, 2027, the use of IC chip reading for both online and offline identity verification processes. This legislation marks a shift towards a more rigorous and tech-driven approach to identity verification, demanding that platforms adopt secure methodologies to authenticate their users.

Key Features of the New Implementation

One of the critical aspects of the LIQUID eKYC service is its use of the IC Omakase Pack, designed to optimize the user experience and minimize the dropout rate during the identification process. This solution automatically guides users to the best-reading channel depending on their device, thus simplifying the verification process. In particular, iOS users can complete the KYC procedures within their web browser, eliminating the need for additional app installations, while still adhering to the required security standards.

Furthermore, this solution allows existing LEVECHY members to submit their My Number for simultaneous verification along with their identity, streamlining the submission process particularly for mandatory tax documents sent to investors.

User Experience and Efficiency

With the integrated eKYC service, new members of LEVECHY can expect a frictionless registration experience. The use of the IC Omakase Pack ensures they are automatically directed to the most effective reading method tailored to their device. This sophisticated approach not only enhances security but also significantly reduces the likelihood of users abandoning the process midway due to complexity.

Additionally, this service stands out as the first of its kind in the real estate crowdfunding sector, marking a pivotal step towards combining convenience with comprehensive security protocols.

Understanding LEVECHY

LEVECHY offers a revolutionary means for individuals to engage in real estate investing, enabling them to start with as little as 10,000 yen. By facilitating complete online transactions from registration to dividend collection, LEVECHY makes real estate accessible like never before. Users can select investments that fit their budget, granting access previously reserved for the investing elite.

About Liquid and Its Innovations

Liquid boasts a leading position in the eKYC market, having achieved a significant market share for five consecutive years according to ITR's industry analysis. The company's services allow users to verify their identity online seamlessly during account registrations, contract signings, and other pertinent procedures, adapting to emerging regulatory requirements effectively.

With the introduction of LIQUID eKYC, the companies have set a benchmark in compliance and user-friendly protocols, ensuring that both security and ease of use remain at the forefront.

Conclusion

The partnership between LEVECHY and Liquid marks a transformative moment for online identity verification in the real estate investment sector. By adopting the latest technologies and adhering to upcoming legal frameworks, they not only set a new standard for security but also enhance user experience, embodying a future where investing in real estate becomes accessible, safe, and efficient for everyone.