• Liquid Inc, the company behind from Japan the most widely used eKYC solution, extends to South East Asia with its top notch “LIQUID eKYC” authentication capability.
  • LIQUID eKYC offers best-in-class facial authentication through its unique AI-based image processing capability, enabling smooth identity verification in accordance with each market’s respective legal and security framework.

SINGAPORE, July 19, 2022 /PRNewswire/ — Liquid Inc.the company behind from Japan the most widely used eKYC solution “LIQUID eKYC”, is growing in South East Asia with its Top-In-Class authentication capability.

In the first step of this South East Asia expansion, Liquid will partner with SAKURA GUILD GAMES Pte. ltd. (SGG) – an organization that invests in Play-to-Earn games, NFTs and generating revenue from games through organized play. LIQUID eKYC will be implemented for identity verification upon registration of new SGG players.

With the rise of Web3, there has been an explosion of services that create value that can be converted into fiat currency via tokens in more and more services.

Due to the conversion of services to Web3, it also resulted in losses of up to hundreds of millions of dollars in financial damage that did not cause financial harm even when hacked before.

The lack of clear regulation and the rapid growth of Web3 services (such as games) have made it increasingly necessary to improve the security of services and the identification of users in the event of an emergency. Currently, companies offering secure and transparent verification services have never been more in demand.

“LIQUID eKYC achieves an identity verification process with an extremely low user withdrawal rate thanks to its superior facial recognition and ID document image recognition technologies.” The CEO of Liquid Inc, Hiroki Hasegawa.

With this in mind, Liquid is expanding the provision of its LIQUID eKYC capability, a comprehensive online identity verification service, to South East Asia. LIQUID eKYC offers highly accurate identity verification using proprietary AI, biometric and optical character recognition (OCR) technologies.

“In fact, LIQUID eKYC has the leading market share in Japan for three consecutive years[1]and offering this service to South East Asiawe will achieve identity verification with reduced user abandonment for all services in the Southeast Asia region. adds Mr. Hasegawa.

While images taken by smartphones are coarse and difficult to process and judge by conventional solutions, Liquid’s unique image processing technology has achieved a low shrinkage rate (~3%) and a low percentage of blurry images (~1%), as well as a high accuracy rate of automatic face recognition (99.38% ※False acceptance rate 1/100,000 or less), enabling smooth identification verification.

LIQUID eKYC has been implemented in a wide range of industries, including banks, cryptocurrency exchanges, telecom operators, antique buyers (second-hand goods), sharing economy, dating apps and metaverse-related services, and holds the largest market share. eKYC market in Japan for three consecutive years[2].

With its vision to make authentication ubiquitous and effortless for a seamless world, Liquid plans to expand its service globally. Thanks to the use of the know-how accumulated under from Japan strict law and regulation, Liquid will quickly adapt its operations and services in accordance with the respective legal and security framework of each market.

For more pictures, please find the link, the press kit for your reading.

[1] ITR “ITR Market View: Identity Access Management / Personal Authentication Type Security Market 2022” eKYC Market: Sales Value Share by Vendor (Forecast FY2019-FY2021)
[2] ITR “ITR Market View: Identity Access Management / Personal Authentication Type Security Market 2022” eKYC Market: Sales Value Share by Vendor (Forecast FY2019-FY2021)

About the liquid

Liquid aims to create a seamless world where the world’s 7.7 billion people can easily and securely use all services as they are through automatic, ubiquitous authentication. We provide our own digital ID, KYC and authentication service, where users can prove their identity anytime, anywhere in the world with their smartphone or face.

We extend our service globally and utilize the accumulated know-how under strict Japanese law and rule. We adapt our operations and services flexibly and quickly to changes in the legal and security framework required.

For more information, please visit https://liquidinc.asia/global/

Source: Liquid Inc.

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