#Japan #Tokyo #eKYC #ELEMENTS #PolariFi

Elements Achieves Unprecedented Growth in Personal Verification Services

In a significant development for the identity verification sector, 株式会社ELEMENTS, which specializes in biometric authentication and image recognition services, has announced that its personal verification numbers have surpassed 10 million in the second quarter of 2025. This marks a staggering increase of 175% compared to the previous year, showcasing a remarkable growth trajectory for the company.

One of the key drivers behind this impressive feat is ELEMENTS' acquisition of 株式会社ポラリファイ, which occurred in March 2025. This strategic move expanded their customer base significantly, particularly within the banking and telecommunications sectors. As a result, the demand for personal verification services has surged, enabling the company to maintain a high verification volume.

Factors Contributing to Growth

The growth in personal verification numbers is attributed to several factors:

1. Acquisition of PolariFi

The absorption of PolariFi into the ELEMENTS group has broadened their reach, allowing them to cater to a larger audience, particularly in banking and telecommunications. This strategic acquisition has not only facilitated business expansion but has also enhanced service offerings, leading to a more robust verification process.

2. Enhanced IC Chip Verification Features

As instances of fraudulent bank account openings and SIM card acquisitions rise, regulatory changes are on the horizon that will mandate the use of IC chip technology for online identity verification during bank account setups and mobile contracts. ELEMENTS has preemptively integrated these features, resulting in a cumulative total of over 20 million IC chip-based verifications to date. This early adoption has proven to be advantageous in staying ahead of industry demands.

Key Features of IC Chip Verification:

• - Web Browser-Compatible IC Chip Reader: This innovative feature allows users to read IC chips directly through their web browsers without requiring any additional apps, simplifying the verification process.
• - IC Read Pack: A user-friendly solution that automatically guides users to the most suitable IC reading method based on the device being used, effectively reducing dropout rates during the verification process.
• - JPKI + (Appearance) Feature: This patented solution enhances identity verification by allowing facial recognition at the point of service use, ensuring that the user is indeed the person they claim to be.
• - JPKI + (Personal Number) Feature: This simultaneous verification process links JPKI with My Number acquisition, streamlining the verification tasks.
• - Kana Name Conversion: This feature automatically converts full names written in Kanji on My Number cards to their Kana equivalents during JPKI verification, further simplifying the process.

3. Market Leadership

ELEMENTS' flagship service, LIQUID eKYC, continues to lead the eKYC market with a six-year consecutive track record at the top. This service enables online identity checks required for remote applications, account registrations, and more. By utilizing innovative AI technology, biometric techniques, and OCR capabilities, they have achieved an impressive retention rate from the initiation to completion of the verification process. Today, the cumulative personal verification count across the ELEMENTS group is approximately 130 million, and their client roster boasts around 600 companies.

Future Prospects

The outlook for ELEMENTS in the identity verification landscape is promising, with continuous demand projected to rise – particularly in the areas of customer management for financial institutions and securities firms, as well as addressing fraudulent logins. The company's proactive measures, such as the adoption of IC chip functionalities and strategic acquisitions, position ELEMENTS favorably for ongoing growth in the identity verification sector.

About ELEMENTS

Established in December 2013 and headquartered in Tokyo’s Chuo Ward, ELEMENTS focuses on providing advanced personal authentication solutions leveraging biometric and image recognition technologies. Their mission is to create a seamless and safe environment for users worldwide, enabling everyone to access various services with ease. For more details about their services, you can visit their official website.