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Finance

Sumitomo Mitsui to launch biometric ID venture

Move comes as Japan lets banks invest more in fintech

With biometrics, features such as eyes, fingerprints and voice can be used to verify one's identity.

TOKYO -- Sumitomo Mitsui Financial Group will develop a way for consumers to verify their identity using their fingerprints or voice when making online payments, taking advantage of looser restrictions on Japanese banks' ability to invest in financial technology businesses.

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