Ant Financial’s Acquisition of EyeVerify and the Establishment of Zoloz Co. Ltd.

This new report by RWR details Ant Finan­cial’s acqui­si­tion of Kansas City-based Eye­V­er­i­fy in 2016 and the sub­se­quent for­ma­tion of Zoloz Co. Ltd. The Eye­V­er­i­fy acqui­si­tion helped Ant Group to devel­op inde­pen­dent bio­met­ric tech­nol­o­gy capa­bil­i­ties and end its reliance on third-par­ty ven­dors. Aliba­ba had been work­ing to devel­op bio­met­ric tech­nol­o­gy capa­bil­i­ties at least since it was estab­lished in 2014. This report high­lights the appar­ent con­tin­ued role played by Eye­V­er­i­fy’s prod­uct line, now under Ant Group’s stew­ard­ship, among U.S. finan­cial insti­tu­tions and oth­er clients.