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ELEMENTS extends gains on provision of group's 'IC Omakase Pack' to SHIGA BANK
ELEMENTS, Inc. <5246> extended its upward trend. On May 22, the company announced its group firm Liquid will provide the "IC Omakase Pack"?part of its "LIQUID eKYC" online identity verification service?to The Shiga Bank, Ltd. <8366> for its web account opening and other services, boosting the stock.
Shiga Bank, which has used "LIQUID eKYC" since May 2023, is adopting the "IC Omakase Pack" to step up fraud prevention. According to the announcement, the feature uses facial photography to mitigate a vulnerability in Japanese Public Personal Authentication (JPKI), where third-party fraudulent applications are possible if a bad actor obtains both a My Number card and its PIN. This addition will enable more rigorous identity verification.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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