18 December 2017
visit www.aciworldwide.com

Ant Financial snaps up EyeVerify

14 September 2016  |  5702 views  |  0 cash

Biometric security startup EyeVerify has been acquired by Alibaba's financial services affiliate Ant Financial for in excess of $100 million.

The Kansas City-based firm claims more than three dozen banking and technology clients for its technology, which uses the camera on a mobile phone to snap a spoof-proof eyeprint for client authentication.

Earlier this year, Ant Financial and EyeVerify entered into a licensing agreement in which Eyeprint ID was integrated into the Chineses firm's payment authentication platform.

Jason Lu, vice president of fraud risk management at Ant Financial says the acquisition will allow the technology to be integrated into even more Ant Financial products.

“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,” he says.

Founded in 2012, EyeVerify has 35 staffers and has raised $13 million to date.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Alibaba affiliate Ant Financial raises $4.5 billion to expand overseas

Alibaba affiliate Ant Financial raises $4.5 billion to expand overseas

26 April 2016  |  4906 views  |  0 comments | 8 tweets | 4 linkedin
Alibaba takes 40% stake in India's Paytm

Alibaba takes 40% stake in India's Paytm

29 September 2015  |  8693 views  |  0 comments | 18 tweets | 11 linkedin
Ant Financial adds messaging, P2P payments and loyalty offers to mobile app

Ant Financial adds messaging, P2P payments and loyalty offers to mobile app

08 July 2015  |  7696 views  |  0 comments | 9 tweets | 9 linkedin
Wells Fargo to usher in voice and facial biometrics for mobile corporate access

Wells Fargo to usher in voice and facial biometrics for mobile corporate access

26 June 2015  |  16181 views  |  1 comments | 20 tweets | 28 linkedin
Vodafone Turkey secures mobile wallet with eye verification tech

Vodafone Turkey secures mobile wallet with eye verification tech

08 June 2015  |  13978 views  |  0 comments | 12 tweets | 5 linkedin
Alibaba's Ant Financial takes credit scoring to a new level

Alibaba's Ant Financial takes credit scoring to a new level

28 January 2015  |  7197 views  |  0 comments | 13 tweets | 19 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.thomsonreuters.infovisit www.response.ncr.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
11017 views comments | 3 tweets | 2 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
8383 views comments | 11 tweets | 12 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7508 views comments | 19 tweets | 22 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
6981 views comments | 6 tweets | 26 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6939 views 0 | 4 tweets | 2 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job