Ping An Insurance Group is China’s largest insurer and one of its biggest financial conglomerates; the company has become a leader in facial recognition technology to verify identity and more recently to help assess risk when lending through their consumer finance company; loan approval times have dropped from 5 days on average to 2 hours; the company looks for what they categorize as micro expressions that can offer clues as to whether the applicant is telling the truth; for larger amounts an applicant has to complete a list of questions in a 10 – 15 minute video where they also analyze facial expressions during the answers; Ping An says they have made more than $72bn in loans with the help of facial recognition technology. Source.