#Japan #Tokyo #LIQUID #eKYC #Seven Bank

Liquid's Online eKYC Service for Seven Bank

In a significant move to enhance banking services for foreign residents in Japan, Liquid Inc., headquartered in Tokyo, has launched its online identification verification service, LIQUID eKYC, for Seven Bank. This service is designed for those opening accounts remotely, streamlining the process and making it much more efficient.

Liquid's technology employs advanced image recognition AI, designed to minimize user drop-off during the identification process. Users can easily complete the verification by taking a picture of their identification documents along with a selfie, providing a smooth and efficient method for account setup.

One of the standout features of LIQUID eKYC is its use of "passive judgment" for facial recognition. Unlike traditional methods that require users to perform movements such as turning their heads, this innovation simplifies the user experience. This reduction in operational burden is particularly beneficial for foreign nationals, as the system supports multiple languages, including English, Vietnamese, and Indonesian, thus ensuring a more inclusive environment for diverse users.

Seven Bank has previously implemented LIQUID eKYC with its “My Seven Bank” service, where it has been praised for its high verification accuracy and stable operation. The new passive judgment feature, combined with high-precision OCR for document reading and comprehensive multilingual support, has led to its adoption for the online account opening service.

The Significance of LIQUID eKYC in the Market

The LIQUID eKYC service holds a remarkable position in the market, having maintained the number one share in the eKYC domain for six consecutive years. This service allows individuals to complete identity verification necessary for online contracts, account registrations, and more—all fully online. Users can photograph identification documents, such as driver's licenses or My Number Cards, or utilize IC chip reading, comparing these with their selfies for verification. Moreover, the system can also handle age verification for educational discounts.

A remarkable aspect of Liquid's technology is its low dropout rate from the start to the end of the verification process, leveraging proprietary AI technology, biometric recognition, and OCR techniques. As of now, Liquid has completed approximately 130 million identity verifications and partnered with about 600 organizations, showcasing its robust performance and reliability.

For further details, you can visit Liquid's official website, or check their page on public personal identification at JPKI.

About Liquid Inc.

Liquid Inc. aims to create a seamless world where over 8 billion people can easily and safely use all services as they inherently are, leveraging biometric recognition for authentication. The company is aligned with the trend of shifting the verification process online across various industries, including financial transactions, mobile phone contracts, second-hand goods purchases, real estate transactions, and CtoC dealings. Liquid provides a cross-sectional system for fraud detection, pursuing both usability and security across sectors.

The company is based in the Nihonbashi Life Science Building in Tokyo, with Takaki Hasegawa serving as CEO. Founded in December 2018, Liquid specializes in image analysis and big data analytics specific to biometric information and behaviors, including services like LIQUID eKYC and LIQUID Auth. For more information on their digital identification solutions, visit: LIQUID eKYC and LIQUID Auth.

About ELEMENTS Group

Also located in the Nihonbashi Life Science Building, ELEMENTS Group, led by Chairman Yasuhiko Kuda and CEO Takaki Hasegawa, was established in December 2013. Their focus lies within biometric authentication and individual optimization across daily life sectors, along with developing cloud services for personal data management. More information can be found on their website: ELEMENTS.

In conclusion, Liquid Inc.'s collaboration with Seven Bank signifies a pivotal step towards enhancing the banking experience for foreigners in Japan, showcasing the future of banking technology with LIQUID eKYC.