Samsung adds iris authentication via Galaxy Note 7 for banking services


Samsung has grown into a giant with businesses in just about every industry. We can now purchase smartphones, TVs, VR devices, washing machines, refrigerators, and even air conditioners made by the South Korean company.

But not many know that Samsung has various business units that offer banking and other financial services to customers in many countries.

One of these business units, Samsung Securities, announced that it will introduce a new security feature for its customers, which is meant to improve the security of their transactions, as well as the management of their accounts.

The iris scanner packed inside the Galaxy Note 7 is not just a gimmicky feature, since Samsung has decided to add iris authentication for banking services.

The identification through the Note 7’s iris scanner, along with the public digital authentication certificate, will be available on Samsung Securities’ mobile trading system,” explains a Samsung Securities official.

But things won't stop here, as other stock trading companies in South Korea plan to adopt a similar security system that takes advantage of the iris scanning technology.

This isn't the first time that Samsung is trying to push its iris scanning technology into banking industry. Several banks in South Korea have already teamed up with Samsung to allow customers to use the Galaxy Note 7 to authenticate themselves for banking services.

Although the push for iris authentication on mobile devices hasn't started with the Galaxy Note 7, Samsung needs the help of other smartphone makers in order for the technology to be adopted by financial institutions on a large scale.

Future partnerships between other major smartphone brands and banks will certainly contribute to that. It remains to be seen how well the new technology will be received by customers and how often they will use it.

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6 Comments

1. trojan_horse

Posts: 5868; Member since: May 06, 2016

Samsung the great! Galaxy Note7 rules.

2. hillaryisacriminal

Posts: 242; Member since: Aug 26, 2016

samsung is a brick , samsung note 7 scratches. :) scratchgate# burngate# brickgate# laggate# camera is way to over saturated snapdragongate# ram management sucks. edgelightbleed#

3. RoboticEngi

Posts: 1251; Member since: Dec 03, 2014

#yousuckisheepgate

4. hillaryisacriminal

Posts: 242; Member since: Aug 26, 2016

aren't u the same but on different side. m8 ;)

5. RELAXyougeeks

Posts: 24; Member since: Apr 07, 2015

Oh look it's a double whammy: we have a Apple zombie and a Trump knobslobber. This is the kind of person who needs to be put down imhumanely so our gene pool doesn't slip further towards Idiocracy.

6. JunitoNH

Posts: 1946; Member since: Feb 15, 2012

Sure it is. Now remove those blinders. The $900 phone lags like crazy, scratches like the first iPhone, is overheating, and pen problems, to name a few.

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