Chinese app development firm PING AN TianXiaTong has unveiled a lending platform app which uses face recognition for authentication.Revealed in Beijing, the app wraps face recognition technology into its wealth management and other services, with firm saying this will create “the fastest lending platform in China”.Developed following more than 12 months of research, the solution uses the facial structure, features and muscles to deliver a clear analysis of facial movement, providing an end-to-end authentication service, said PING An in a statement.The firm said that the solution achieves facial recognition with even greater accuracy than the human eye — 99% compared to 97.5%.”The application also compensates for the natural aging process and is even able to differentiate between twins.”The company launched the mobile social finance portal “Tianxiatong” in 2013.
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