Liquid Introduces eKYC Service for Money Partners' Crypto Asset CFD Trading

Liquid Introduces New Verification Service for Crypto Trading

In an exciting move aimed at enhancing the user experience for crypto asset trading, Liquid announced the launch of its online identity verification service, LIQUID eKYC, in collaboration with Money Partners. This significant development is set to streamline the verification process, reducing the account opening time from the traditional one business day to as little as one hour.

Background of the Partnership

Founded in 2008, Money Partners has been at the forefront of financial products trading, focusing on providing a secure and efficient trading environment for crypto asset CFDs. With a strong commitment to customer asset protection and regulatory compliance, they are constantly looking for innovative solutions to improve their services. The incorporation of LIQUID eKYC is a testament to this commitment, as it leverages artificial intelligence to expedite the account opening process while maintaining high security standards.

How LIQUID eKYC Works

The LIQUID eKYC service provides a seamless online identification process that relies on advanced AI and biometric recognition technologies. By utilizing passive assessment techniques, the system captures a front-facing image of the user's appearance without requiring them to perform specific actions, such as head movements. This innovative approach mitigates the risks associated with deepfake attempts by malicious actors, ensuring a high level of authentication integrity.

Furthermore, LIQUID eKYC has an impressive track record, having been selected due to its rich experience in implementation, compliance capabilities with the Act on Prevention of Transfer of Criminal Proceeds, and ease of system integration. The service has successfully conducted around 150 million identity verification instances across approximately 700 partners, showcasing its reliability and effectiveness in identity management.

What’s Next for the Industry?

The introduction of LIQUID eKYC marks a significant step towards digitizing customer verification processes across various sectors, including finance, telecommunications, and real estate transactions. This level of efficiency not only benefits businesses by reducing operational costs associated with customer onboarding but also enhances user convenience, allowing for quicker access to services.

As the digital landscape continues to evolve, the significance of secure and efficient identity verification solutions will only increase. With Liquid's ambitious vision of revolutionizing the authentication process, they aim to create a smoother and more secure environment for all types of digital interactions.

About Money Partners

Headquartered in Roppongi, Tokyo, Money Partners is a first-class financial product trading firm. Since its establishment, the company has specialized in providing various trading opportunities, focusing on cryptocurrencies like Bitcoin. They ensure high transparency and reliability in their operations, continuously working to expand their service offerings in line with the growing demand for cryptocurrency solutions.

About Liquid and ELEMENTS Group

Liquid, which focuses on biometric technologies and big data analytics since its founding in December 2018, is heralding a new era in identity verification. By making services easier and more accessible for the global population through cutting-edge technology, Liquid is dedicated to pioneering a more secure online environment, driven by AI-powered solutions.

With this partnership, both Liquid and Money Partners are leading the charge in transforming the way identity verification is approached in the rapidly evolving landscape of crypto trading, setting a robust example for others in the industry to follow.