Recently, the 21st China Internet Conference was held in Shenzhen. In order to further play the leading role of the Internet in the process of urban digital development, promote the transformation of old and new kinetic energy in cities, and promote the development of digital economy, the conference launched a case collection activity of “Internet Helps Economic and Social Digital Transformation”, and 5 cases of Ant Group were selected. Among them, ZOLOZ’s “Trusted Identity Authentication” technical solution was selected as a characteristic case of Internet-assisted digital transformation of economy and society.
With the rapid development of digitalization, how to prove “who you are” in the digital world has gradually become a normal demand in industries such as finance, insurance, government affairs, travel, and e-commerce. Rich scene requirements also bring about complex authentication environment differences. From PCs to mobile phones to IoT devices, online identity authentication needs to use leading AI technology to solve different network environments, different device environments, different user screen environments, and different authentication environments. Convenience and stability requirements under the authentication type, but also need to deal with illegal challenges such as identity forgery and injection tampering. “Accurate, efficient, and safe” has become the key word of online identity authentication technology.
Tao Ye, product director of ZOLOZ of Ant Group, believes that in the context of economic and social digital transformation, online identity authentication should have four core functions: certificate type authentication, biometric authentication, certificate information authentication, and financial-level risk control system capabilities. According to reports, the ZOLOZ “trusted identity authentication” service developed based on Alipay’s real-name authentication security system has been commercialized since 2019. In addition to serving large domestic banks and financial institutions, it also supports the digital upgrade of countries such as Southeast Asia. The R&D team used computer vision, big data technology and intelligent risk control methods to overcome challenges such as the wide variety of global certificates and diversified attack methods, making the authentication accuracy rate as high as 99.9%, and the authentication speed achieving second-level return. At the same time, it has continued to make breakthroughs in algorithm security, communication link security, privacy security, etc., and has obtained the SOC2 Type2 report issued by Ernst & Young, which means that it has been recognized by international authorities in terms of security.
Caption: ZOLOZ product introduction at the 2022 Yunqi Conference
According to public information, ZOLOZ’s “Trusted Identity Authentication” solution has been used by financial institutions such as Mandiri, the largest bank in Indonesia, Maybank, the largest bank in Malaysia, electronic wallets such as Dana in Indonesia, GCash in the Philippines, TrueMoney in Thailand, and many large and medium-sized banks in China. More than 70 partners of the company provide technical support in the process of digital transformation, covering banking, insurance, securities, telecommunications, public services and other fields.
In addition to the “Trusted Identity Authentication” solution, Ant Group’s selected cases also include: “Medical Trusted Privacy Computing Service Practice Based on the “Idiom” Framework”, “Digital and Real Integration, Whale Discovery Digital Collections to Explore New Paths to Help the Real Economy”, “Blockchain electronic bill of lading service escorts the smooth flow of international supply chain channels” and “Dongyang Data Full Lifecycle Management Platform”, covering a total of 5 cases, covering privacy protection, trade trust, entity revitalization, and financial risk control in the process of digital upgrading , institutional credible collaboration and other requirements.
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