April 28, 2016 -
At a recent symposium on trusted identity in cyberspace, Lenovo introduced Online Biometric Authentication Ltd, a subsidiary of the Lenovo Capital & Incubator Group (LCIG) dedicated to working together with all stakeholders to address the authentication problem and to push for application of international standards across the ecosystem.
According to a report by China.org, Henry (Haixin) Chai, CEO of the new company commented, “China is more extensively exposed to the mobile internet than any market in the world, and the traditional authentication methods of username/password combo can no longer meet users’ demand for convenience, efficiency and safety especially in the ever expanding mobile internet.”
Chai, who also chairs the China Working Group at the FIDO Alliance, added, “That’s why we want to provide more advanced technologies and solutions to end users through stronger online authentication methods based on FIDO standards.”
“Many businesses and government agencies around the world have a shared interest in improving online authentication to address the password problem,” said Brett McDowell, executive director of the FIDO Alliance. “But the problem is too big to solve single handedly, and we must collaborate on a global scale.”
Lenovo is one of the six founding members of the FIDO Alliance and was the angel investor for Face++ and Nok Nok Labs.