Ant Group, the digital payments arm of Chinese ecommerce group Alibaba, is planning to sell its prized US asset amid heightened tensions between Beijing and Washington over China’s fast-growing technology sector and tightening scrutiny over US user data,” reported Financial Times . EyeVerify , a biometric security firm, uses its eye recognition technology to replace passwords for banking applications and mobile payments. Ant Group is allegedly in talks with multiple companies regarding the sale of EyeVerify, the report stated, citing two sources familiar with the matter. […] EyeVerify was acquired by Ant Group in 2016 for US$100 million, marking the firm’s first investment in the US. […] The exec added that the data did not leave the smartphones that had performed the scans, ruling out data access for both EyeVerify and Ant.
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