Monday, November 30, 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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Chinese Banks Suspend Trading of Gold and Platinum Due to Concerns over Post-US Election Price Plunge

A slew of leading Chinese banks have announced the suspension of trading of gold and platinum due to concerns over market volatility...

Kuaishou Could Acquire Payments License, Joins Ranks of Chinese Tech Giants Making Forays into Finance

Chinese video-sharing platform Kuaishou could be preparing for a foray into the fintech sector by grabbing a payments license via the acquisition...

Bank of China Forecasts 7.5% GDP Growth for China in 2021

Big state-owned lender Bank of China (BOC) has issued a rosy forecast for Chinese GDP growth in 2021 following efforts to contain...

Chinese Central Bank Undertakes 200B Yuan in MLF, 150B Yuan in Reverse Repos on 30 November

The People's Bank of China (PBOC) has announced that it undertook 200 billion yuan in medium-term lending facility (MLF) operations and 150...