Asia Pacific, Insurance, News, Technology

China’s New Facial Recognition Loan Technology

China’s New Facial Recognition Loan Technology

One of China’s leading financial services providers has released its new face recognition technology. Only six minutes will be required to complete a loan application. This will be the fastest lending platform in China. The new technology allows computers to achieve facial recognition with even greater accuracy than the human eye, 99 percent compared to 97.5 percent.

” Fastest lending platform in China “

Chinese group Ping An is planning to use this technology in its wealth management services offering.

Related Reports: China Daily, Finews Asia, Finextra

 

About Ping An Insurance Group

Ping An Insurance (Group) Company of China, Ltd. (“Ping An” or the “Company” or the “Group”) was established in 1988 in Shekou, Shenzhen. The Group is the first insurance company in China to adopt a shareholding structure. Today, it has become a personal financial services group with three core businesses of insurance, banking and investment, enjoying the concurrent growth of its core and internet finance businesses. The Group’s shares are listed on the Hong Kong Stock Exchange (stock code: 2318) and on the Shanghai Stock Exchange (stock code: 601318).

Visit: Ping An Insurance Group


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