Business
StoneX Group Taps AI-Powered LIQUID eKYC to Improve Onboarding Experience, Expecting to Double Account Openings
Liquid Inc. , a member of the ELEMENTS Group, is pleased to announce that StoneX Group Inc., a company listed on the NASDAQ in the United States, has adopted Liquids online identity verification service, LIQUID eKYC. The solution will be implemented by its Japanese subsidiary, StoneX Securities Co., Ltd.
About this update from Stonex Group Inc.
[{"type":"text","content":"— Image Recognition AI Minimizes User Abandonment and Supports Japan's Legal My Number Acquisition —","length":104,"tagName":"p"},{"type":"text","content":"TOKYO, May 28, 2025 /PRNewswire/ -- Liquid Inc. , a member of the ELEMENTS Group, is pleased to announce that StoneX Group Inc., a company listed on the NASDAQ in the United States, has adopted Liquids online identity verification service, LIQUID eKYC. The solution will be implemented by its Japanese subsidiary, StoneX Securities Co., Ltd.","length":346,"tagName":"p"},{"type":"text","content":"LIQUID eKYC will be used to verify customer identities during account openings for FOREX.com, the FX and CFD trading burand,m operated by StoneX Securities. Although StoneX Securities had previously utilized eKYC services, the company has now decided to transition to LIQUID eKYC, which is distinguished by its advanced image recognition AI technology, enabling more accurate identity verification.","length":398,"tagName":"p"},{"type":"text","content":"With this transition, the company aims to prevent user drop-offs during the application process and anticipates that the number of account openings will approximately double as a result.","length":186,"tagName":"p"},{"type":"text","content":"Background","length":10,"tagName":"p"},{"type":"text","content":"FOREX.com is a global online trading platform that primarily offers foreign exchange (FX) trading and CFD trading services to individual investors and traders. The platform is used by over one million users across 180 countries worldwide.","length":243,"tagName":"p"},{"type":"text","content":"In Japan, StoneX Securities has already implemented eKYC procedures for online account openings, which involve capturing images of identification documents and matching them with user selfies for identity verification. In order to achieve more accurate identification, StoneX Securities has decided to integrate LIQUID eKYC.","length":324,"tagName":"p"},{"type":"text","content":"Implementation Overview","length":23,"tagName":"p"},{"type":"text","content":"LIQUID eKYC is an online identity verification solution that enables the completion of the entire verification process remotely through either the capture or IC chip reading of ID documents, combined with facial photo matching, or by utilizing Japanese Public Key Infrastructure (JPKI)...