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The South Korean company has become a strong brand with deep roots in about every industry. It sells mobile devices, laptops, TVs, VR headsets, refrigerators, washing machines, air conditioners and even offers banking and other financial services. Samsung Securities, one of Samsung’s business units, will introduce a security feature that will make transactions more secure and it will improve the management of users’ accounts.

Samsung’s iris scanner has debuted on the new Galaxy Note 7, but it’s not a feature that can be used only to lock/unlock the device, as its functionality has been extended for banking services. Samsung Securities has explained that “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.” However, soon, more stock trading companies will adopt a similar security system and will allow users to take advantage of the iris scanning technology.

In South Korea there are already a few banks that teamed up with Samsung and customers are using the new Galaxy Note 7 to be authorized to perform banking services. Samsung is relying on other smartphone makers to convince as many financial institutions as possible to adopt the iris scanning technology.

The Galaxy Note 7 was described by CNET as the “sexiest large-screen phone ever”, but not everyone can afford to buy it, as its price is around $850. The device has a glass and metal design, a dual-edge screen of 5.7-inch with QHD resolution, it’s powered by the latest Exynos 8890 Octa-core (4×2.3 GHz Mongoose & 4×1.6 GHz Cortex-A53) processor that’s powered by a Mali-T880 MP12 and 4GB of RAM and has the same cameras as the Galaxy S7: 12MP on the back with features such as phase detection autofocus, OIS and LED flash, and 5MP on the front, supporting Auto HDR. Its battery has a capacity of 3500mAh.