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.