WeBank pushes for biotech ID in China

The Tencent-backed firm is pushing regulators to officially recognise biotech as a primary method of identification as traditional methods become less secure.

WeBank pushes for biotech ID in China

Tencent-backed WeBank, China’s first online-only bank, is pushing the country's regulator to accept biotechnology as a primary measure of identification on its online platforms as traditional methods become less secure.

“We are a big fan of biotech. Having biotech in financial services will really effect financial inclusion and improve efficiency,” David Ku, chairman and chief executive officer of WeBank, said Friday during a panel discussion about digital finance, held by the Institute...

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