Do you trust Jack Ma with your biometric data?
A subsidiary of Alibaba Group just bought EyeVerify, a Kansas City, Missouri, startup that makes eye-scanning software for biometric authentication. Bloomberg reports that the $70 million deal marks the first U.S. investment for Alibaba’s finance arm, Ant Financial. EyeVerify lets smartphone users unlock their phones through an eye-scanning verification process that uses the patterns in people’s eye veins. CZ