FB pixel

Liquid completes more than 40 million KYC checks 

Liquid completes more than 40 million KYC checks 

Japanese ID verification service provider Liquid Inc. has announced it has completed a cumulative 40 million KYC checks.

With Liquid eKYC, a user scans their ID or reads an NFC chip and compares the image on the document to a selfie using biometrics to verify identity. It can also use public personal authentication methods.

Liquid’s use of biometrics increases completion rates and minimizes the proportion of unclear images. Its automatic facial recognition has a high level of accuracy.

Over 200 companies have subscribed to Liquid. The ID verification provider has facilitated the expansion of overseas services entering the Japanese market by simplifying compliance. Depending on what services are being provided, Japan requires ID verification for overseas business. Liquid can help overseas organizations comply with such regulations as they enter the Japanese market.

Binance Japan chose Liquid Inc. for onboarding two years after it was issued a warning for operating without a license. Other companies who use Liquid’s services include Rakuten Wallet, Seven Eleven’s Seven Bank, and Toyota Finance Corporation.

Article Topics

 |   |   |   |   | 

Latest Biometrics News


Mitek: quarterlies, annuals, SEC actions

April 4, 2024 – Mitek is getting back on track with its financial reporting, which may be more reflective of the…


Jamaica parliament soon to receive draft digital ID regulation for scrutiny

Plans are being finalized to send the draft regulation on Jamaica’s digital ID program to the country’s parliament for examination…


US launches PKI system to make mobile driver’s licenses interoperable, easy to use

The Digital Trust Service being set up by the American Association of Motor Vehicle Administrators (AAMVA) to ease the use…


Worldcoin reaches 10 million users, could face $1m fine in Argentina

It is the best of times and the worst of times for Worldcoin. The iris biometrics, digital ID and cryptocurrency…


Concerns over national ID card requirements for upcoming polls in Malawi, South Sudan

Malawi and South Sudan are set to hold general elections soon and national ID cards could prove to be a…


Under-display facial recognition possible with quantum-inspired computational chemistry

Under-display cameras and facial recognition are in high demand as consumers yearn for smartphones with a bezel-free display. Through quantum-inspired…


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read From This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events