A major Chinese online loan provider plans to use facial recognition software developed by Chinese scientists to help link its nearly 10,000 financial institutional clients.The provider, called Rong360.com, will use a solution called SenseTime for biometric security.The biometrics technology will help with identity theft, which is the primary obstacle China's online financing services are trying to solve, said Ye Daqing, CEO of rong360.com, to Shanghai Daily.Xu Li, founder and CEO of SenseTime, told the newspaper that facial recognition can automatically confirm the identification of a loan applicant, bringing up an applicant's demands and credit history, and match their preferences with the products of financial institutions.”The reward for technology developers like SenseTime will be access to data, which will help to improve the accuracy of human facial recognition and improve the application,” said Xu.
Chinese online finance provider explores face recognition
