Ant Financial buys US biometric security startup
Ant Financial, Alibaba’s finance arm, recently acquired US biometric authentication tech startup EyeVerify Inc to better secure consumers’ data and transactions, said Ant Financial in a statement.
According to EyeVerify, which uses pictures of the human eyeball to unlock mobile services, it will operate as a wholly owned subsidiary of Ant Financial and continue to be based in Kansas, Missouri.
“Ant Financial is paying about $70 million for the acquisition,” said a Bloomberg report, citing a person familiar with the matter.
According to the report, as its first investment in the US, Ant plans to use the technology to upgrade its own security systems and could eventually apply it to a future US-targeted product.