#Japan #Tokyo #Identity Verification #LIQUID eKYC #Jogin Bank

Liquid Integrates Advanced eKYC Services into Jogin Bank's Banking App

In a significant enhancement for user verification, Liquid, a member of the ELEMENTS group, has launched its online identity verification service, "LIQUID eKYC," for Jogin Bank's mobile banking application. This integration allows users to complete their identity verification online, thereby facilitating a seamless account opening for ordinary deposit accounts directly through the Jogin banking app.

What is LIQUID eKYC?

The LIQUID eKYC service employs a robust online verification process, which includes official personal identification through the JPKI system and facial recognition. This dual-method verification not only reinforces user security but also enhances the app's capability to detect fraudulent activities effectively. As identity fraud becomes increasingly sophisticated, deploying such advanced measures is crucial for safeguarding user accounts.

Summary of Key Features

1. Streamlined Online Verification: Users can now manage their verification processes digitally, reducing time and effort involved in opening a new account.
2. Enhanced Fraud Detection: The integration of facial recognition technology with JPKI enables higher accuracy in fraud prevention, instilling confidence in users regarding the security of their transactions.
3. Proven Track Record: Liquid boasts a wealth of experience in financial institutions, having established a strong presence with approximately 300 partnered businesses utilizing a common database to perform authenticity checks. This means a significant reduction in user verification burdens while ensuring robust security measures are upheld.

About the Implementation Decision

Several critical factors influenced Jogin Bank's decision to adopt LIQUID eKYC:

• - The comprehensive capabilities in fraud detection offered by Liquid's solution.
• - The reduction in user input requirements without compromising the verification process, which enhances user experience.
• - The system's ability to continuously update client information based on J-LIS database changes enables effective ongoing customer management.

About Jogin Bank

Jogin Bank, headquartered in Shinagawa, Tokyo, has been ingrained in the local community since its establishment in August 1945. Its commitment to forging reliable relationships with clients and supporting local businesses and individuals has made it a cornerstone in both Tokyo and Kanagawa's financial landscape. The bank offers a broad range of financial products and services tailored to meet community needs, emphasizing trust, transparency, and support for regional development.

Understanding the eKYC Market

LIQUID eKYC has made its mark in the market, being recognized as the leading service provider in the eKYC domain for seven consecutive years. The online verification process for contracts and account openings is driven by cutting-edge AI, biometric authentication, and OCR technology, ensuring that user drop-offs are minimized for a smoother experience.

As the proliferation of generative AI heightens risks such as identity fraud, the necessity for robust identity verification systems like LIQUID eKYC becomes ever more paramount. Recent developments, including two-factor verification methods such as passkeys, highlight the rapid evolution of the eKYC landscape.

The Future of Liquid

Liquid aims to revolutionize how identity verification is conducted. With a vision of simplifying service access for every individual globally, the company's ongoing commitment is to deliver innovative solutions that meet the evolving needs of a digital society. By creating a secure and efficient verification system, Liquid continues to enhance how financial and non-financial transactions are verified, ensuring user privacy and safety across diverse sectors.

For more information, visit the official websites of Jogin Bank and Liquid.

Liquid Company Overview

Founded in December 2018, Liquid specializes in biometric authentication solutions, continuously striving to create a seamless verification ecosystem. With headquarters in Chuo, Tokyo, Liquid emphasizes collaboration across sectors to fortify security measures while enhancing user experience.