KYC localizing with Japanese regulations

Liquid provides a comprehensive solution for identity verification that combines document and appearance capture with the highest level of accuracy and judgment.

Compliant with Japanese regulations

In Japan, there is a strong emphasis on AML (Anti-Money Laundering) measures.
Many laws and regulations require strict identity verification, and similarly, the eKYC procedure clearly outlines the methodology. Service providers in Japan are required to verify the identity of their customers in accordance with the prescribed standards and flows.
We offer the highest level of identity verification, tailored to meet the standards and processes your business requires.

※Mobile phone contracts (Act on Prevention of Wrongful Use of Mobile Phones), confirmation at the time of financial transactions (Act on Prevention of Transfer of Criminal Proceeds), purchase of used goods (Secondhand Goods Business Act), matching apps (Act on Regulation on Soliciting Children by Using Opposite Sex Introducing Service on Internet), etc.

 

Why Liquid?

No.1 share in Japan's eKYC

※Source: ITR “ITR Maket View: Identity Access Management / Personal Authentication Type Security Market 2023” eKYC Market:Sales Value Share by Vendor (FY2019-FY2021 Forecast)

Extensive experience in the financial sector.

In particular, exchanges such as Binance and Coinbase have been providing services to various companies.

Total KYC checks Over 30M cases

This product has been introduced across a variety of industries including finance, telecommunications carriers, second-hand shops, sharing economy-related services, dating apps, cryptocurrency trading services, and Web3-related services like blockchain game guild services.

Features

Images captured on smartphones are often coarse and difficult for image processing and AI-based recognition. However, Liquid’s proprietary image processing technology enables us to achieve low drop-off rates and low proportion of blurry images, as well as high accuracy in automatic facial recognition.

100

%

Drop-off rate  in the lowest case
100

%

Percentage of unclear images
1

%

Facial recognition accuracy

※Face recognition of driver’s license photo and selfie photo. Automatic judgment OK: FAR 1/100,000 or less

Please feel free to contact us at anytime
for further information or assistance.

Products

With our highly accurate biometric authentication technology and AI-powered image processing, it enables identity verification to reduce the burden and time required for the verification procedures.

Due to domestic regulations, the unique capture methods sometimes hinder the completion rate of end users’ verification processes. In such an environment, many vendors are facing challenges in improving completion rates. Our company stands out as the vendor with the highest completion rate in the domestic market.

LIQUID eKYC

KYC Application SDK/Web

Liquid provides a comprehensive solution for identity verification that combines document and appearance capture with the highest level of accuracy and judgment.

LIQUID eKYC

AI verification dashboard

Liquid provides an AI verification function that automates identity verification operations and a screening dashboard that allows users to access AI screening-based results for reference.

The examination process is also strictly governed by criteria set forth in the regulations. Our eKYC Manager dashboard enables evaluations to be conducted based on compliance with these stipulations. Furthermore, we have prepared services to handle the examination process on your behalf. Our top-tier team is here to support your operations.

Key Feature: Integrated Management through a Common Cloud Infrastructure

Liquid operates a platform using the cloud service AWS as a common infrastructure in compliance with the laws of each country. Having a common cloud infrastructure allows us to make centralized investments in improving security and performance.
The data we receive is encrypted differently for each business, ensuring individual database-level security.
Also, Liquid conducts an annual security audit by a third-party organization to ensure that all businesses can use the service with peace of mind.

Liquid offers the option to out source visual verification for the screening process

It is possible to outsource the confirmation of NG results from AI verification. The LIQUID eKYC Dashboard is supported by experienced reviewers with extensive expertise in the verification process. They are available 24/7, 365 days a year to ensure continuous operation and timely processing of applications. By relying on our skilled team, businesses can achieve high levels of reliability in the verification process without the need for additional costs and training. This facilitates efficient and cost-effective operations, ensuring both accuracy and speed in the review process.

Achieve perfect legal adherence with this dashboard.

In Japan, specific identity verification rules pertain to each type of service provided. Furthermore, each ID requires different items to be verified, making it a very difficult task to perform screening in accordance with regulations.
With our dashboard, you can set up screening points in accordance with each of regulation, simplifying the process and ensuring accurate completion by anyone.

Ensure secure personal information management in compliance with Japan's Personal Information Protection Law

According to Japan’s Personal Information Protection Law, storing personal information outside of Japan without the individual’s consent is prohibited. Furthermore, the FISC (Security Guidelines on Computer Systems for Banking and Related Financial Institutions) restricts financial institutions from keeping personal data outside of Japan.

LIQUID eKYC adheres to these regulations, ensuring safe management of personal information within Japan.

 

Moreover, depending on the service provided, different laws mandate retention periods for documents, such as 7 years, 5 years, 3 years, and so on.

Supported

Liquid is continuously expanding our supported languages.

Languages

ja

Japanese

en

English

vi

Vietnamese

id

Indonesian

Documents

Driver’s Licence

National ID

Residence Card

Use case

Binance

Liquid has been selected as an Identity verification partner

In the first step of this initiative, LIQUID eKYC, an identity verification service, will be provided to Binance Japan.

Takeshi Chino, General Manager for Japan at Binance said:

“Binance’s robust KYC framework plays a critical role in protecting the platform, users and community, and the entire ecosystem from potential threats. We are excited to launch our Japan platform in a fully compliant manner with stringent and comprehensive eKYC solutions enabled by Liquid. Binance will continue to uphold a high standard of safety and compliance in Japan.”

Please feel free to contact us at anytime
for further information or assistance.

Introduction flow

Liquid provides customized identity verification services tailored to the specific needs of various industries.
For more detailed information regarding our support offering, please feel free to contact us.

01

Apply First

Please apply via the web. Application Form

02

Our representative will send you detailed information.

Our sales representative will contact you after your application is completed.
We will directly ask you about your issues and requirements during online meetings and then propose the most suitable plan and provide you with a quotation.

03

Sandbox is opened once the NDA is signed.

You can actually try out our various APIs while using sandbox based on the technical specifications that we will provide once the NDA is signed.

Please experience the superiority of our products.

04

Provide testing environment once the contract is signed.

You will proceed with development in the testing environment.

05

Provide production environment

If there are no issues with the tests in the testing environment, please proceed with the preparations for the official release in the production environment.

Seamless verlification

Liquid offers speedy identity verification while reducing user drop-offs.

LIQUID eKYC