Liquid Provides 'LIQUID eKYC' Online Identity Verification Service to Instacash's Lending Funds

Liquid (Headquarters: Chuo-ku, Tokyo; CEO: Keiki Hasegawa), a member of the ELEMENTS Group, announced that it is providing its online identity verification service, 'LIQUID eKYC,' to the lending funds offered by Instacash (Headquarters: Chuo-ku, Tokyo; CEO: Kenichi Yuasa). This integration enables fully online identity verification during customer registration, significantly shortening the time required for review completion.

[Overview] - Liquid provides 'LIQUID eKYC' and the 'Passive Liveness Detection Option' to Instacash's lending funds. - Identity verification during registration is now fully online, eliminating the need to mail documents. This significantly reduces the review time that previously took about a week. - The adoption was driven by improvements in user convenience and the ability to ensure the safety and reliability required for financial services.

[Background] Instacash, as a Type II Financial Instruments Business operator, provides financial services through lending funds. Instacash chose 'LIQUID eKYC' for its ability to improve user convenience and guarantee the high security and reliability necessary for financial services.

The 'Passive Liveness Detection Option' prevents breaches from attacks such as deepfakes, which can occur with active detection, by verifying identity without requiring user actions like head movements or blinking.

[Passive Liveness Detection Feature] This feature authenticates the user using only a front-facing image. No additional actions are required, allowing the system to verify the liveness in real-time. It reinforces anti-fraud measures without giving attackers hints to bypass the verification.

[About Instacash Inc.] Established in 2017 as part of the Fintopia Group, Instacash manages and sells lending funds, accepts investment applications online, and provides support services.