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EyeVerify snapped up by Ant Financial

Alibaba’s FS offshoot, Ant Financial Services Group, has acquired US startup EyeVerify, the creator of mobile eye verification technology solution, Eyeprint ID, for $100 million. “The acquisition is a critical part of our effort to make bold, yet thoughtful moves to continually enhance user trust, safety, and experience,” says Jason Lu, vice president of fraud risk management at Ant Financial. “It is an important extension of our efforts to accelerate the global adoption of secure mobile payments and allows us to improve our overall risk management.”

Earlier this year, Ant Financial and EyeVerify entered into a licencing agreement in which Eyeprint ID was integrated into the former’s payment authentication platform. The acquisition will allow the technology to be integrated into further Ant Financial products. EyeVerify will also continue to grow its global customer base.

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