Saturday, October 24, 2020
Tags Chinese facial recognition technology

Tag: Chinese facial recognition technology

PBOC Calls for Stay on Facial Recognition Payments, More Non-contact Services During Coronavirus Outbreak

The Chinese central bank has called for domestic payments organisations to adopt a range of measures to reduce the risk of coronavirus...

China Launches First Self-regulatory Convention for Facial Recognition in Payments Sector

China has seen the launch of the first self-regulatory convention in the country to govern the use of facial recognition technology by...

60% of Singles Day Payments Made Using Biometric Technology, Alipay Foresees Integration with IoT

China's latest record-breaking Singles Day sales event has marked the emergence of biometrics as the leading form of payment, with Alipay expecting its integration...

SPDB Uses Facial Recognition Technology to Make Bank Cards Redundant

One of Shanghai's leading commercial lenders is using facial recognition technology to identify clients that make use of its  new "smart counters," enabling them...

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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...