#Japan #Tokyo #LIQUID #LIQUID eKYC #FlexPay

Liquid Partners with Resona Bank for Corporate Payment Solutions

In a significant advancement in corporate payment technologies, Liquid, headquartered in Chuo-ku, Tokyo, has announced the integration of its online identity verification service, LIQUID eKYC, into the FlexPay platform developed by Resona Bank. This collaboration marks a transformative step in making corporate transactions more secure and efficient.

Overview of FlexPay

FlexPay is a pioneering corporate payment platform that enables seamless transaction capabilities through collaborations with 32 banks across Japan. It not only allows businesses to utilize their existing bank accounts but also offers the capability of managing multiple accounts in a single financial management system. This flexibility optimizes the payment process, making it far more accessible and user-friendly.

Enhancing Security with LIQUID eKYC

The introduction of LIQUID eKYC to the FlexPay platform means that identity verification for corporations can now be completed online. This initiative is designed to ensure robust security while facilitating a smoother application process.

LIQUID eKYC offers Japanese government-approved personal authentication (JPKI) and an automated IC interface pack that enhances the verification experience. The system utilizes advanced AI technology to select the appropriate application channels automatically, significantly minimizing user effort and preventing drop-offs during the application process, which has been a common challenge in online identity verification.

The Trust Behind LIQUID eKYC

Liquid has previously supplied the LIQUID eKYC service for Resona Bank’s corporate account opening processes, building a record of reliability and ease of integration, which significantly influenced Resona Bank’s decision to adopt this service for FlexPay. This prior success has demonstrated the high level of trust and effectiveness inherent in the LIQUID eKYC system.

The Leading eKYC Solution

LIQUID eKYC is a frontrunner in the online identification market, having retained the top position for seven consecutive years. This service facilitates the online verification of identities required for contracts, account registrations, and bank account openings. By employing various methods such as image capture of identification documents and matching with a live face through selfies, LIQUID eKYC ensures a smooth user experience. Additionally, it also supports age verification for discounts and special services.

With an impressive track record, Liquid has achieved over 1.5 billion identity verifications and partnered with around 700 companies across various sectors. The company also emphasizes the significance of reducing drop-off rates throughout the verification process by utilizing cutting-edge AI, biometric authentication, and OCR technology.

About Liquid

Founded in December 2018 and led by CEO Keiki Hasegawa, Liquid focuses on creating solutions that seamlessly integrate biometric technologies to enhance user convenience and security. The company aims to establish a society where all 8 billion individuals globally can easily and safely access services in their authentic state. They offer a wide range of services, including LIQUID eKYC, LIQUID Auth for identity verification, and digital ID wallets tailored to different user needs.

With headquarters in Japan's Chuo-ku, Liquid is at the forefront of innovation in personal authentication solutions.

Conclusion

The collaboration between Liquid and Resona Bank to integrate LIQUID eKYC into FlexPay not only signifies a leap forward in the realm of corporate payments but also illustrates the increasing importance of online identity verification in fostering a secure digital transaction environment. Moving forward, this partnership could redefine how businesses approach payment security and enhance operational efficiency.