The Samsung Galaxy Note 7 is a smartphone which likely needs little introduction. It is already a highly-reported on smartphone and one which according to reports, has sold very well during its pre-order and initial availability phases and seemingly better than the Galaxy S7 (and S7 Edge), which sold very well in their own right. In fact, Samsung has even been reported as noting that the demand so far for the Note 7 has exceeding their own expectations. An issue which had led to delays in launching the smartphone in select regions. This is in spite of some raising criticism that the smartphone is not that much of an evolution from the Galaxy S7 (and S7 Edge), with the exception of the size and the inclusion of a stylus.
Of course, one of the obvious added features on the Galaxy Note 7 and certainly an evolution compared to many smartphones (including the Galaxy S7) is the inclusion of an iris scanner. A feature which looks to not only improve the security of the device, but also to improve the security of transactions made using the device. Which is likely a reason why financial institutions will see the Note 7’s iris scanner as a welcomed edition. Including financial institutions related to Samsung.
Samsung Securities is one of those companies as it falls under the remit of Samsung and according to a new report coming out of The Korea Herald today, Samsung Securities is planning on making use of the Galaxy Note 7’s iris scanner functionality for the trading of stocks. According to the details, Samsung Securities is already working on the new “stock trading system” and plans to implement the new system next month. Although they are not the only ones, as the report also highlights that other South Korean trading firms, such as KIWOOM Securities, are also working on similar uses for the Galaxy Note 7’s iris scanner. That is, in addition to the number of banks and related companies who are also working on adding an additional layer of security by taking advantage of the iris scanner on the Galaxy Note 7. Further highlighting that the added security on offer with such features is one which is being welcomed by the banking and financial sectors as much as consumers in general