JCV’s Pay-by-Face Technology Puts SoftBank Between the US & China
This is the story of a SoftBank (TYO: 9984)-owned Japan Computer Vision Corp (JCV) thriving with its face-recognition technology powered by a blacklisted Chinese firm. JCV offers its face-recognition technology from SenseTime Group (HKG: 0020) to Mastercard (NYSE: MA) and Visa (VIE: VISA).
Recently, Japan Computer Vision Corp (JCV) concluded talks on some major payments considered a potential breakthrough for SoftBank founder Masayoshi Son who had ambitions of driving new business through a partnership between his tech investments.
But this expansion program is at risk because of its pay-by-face recognition technology offered to Mastercard Inc and Visa Inc. The face recognition technology from SenseTime Group, a Chinese firm, has been blacklisted by the United States over human r...