Both Apple and Samsung Electronics are planning to offer more services based on biometric authentication technologies, in order to make their upcoming smartphones more attractive and expend their revenue sources.
Mobile players are seeking to diversify their revenue sources into the mobile payment services market ― which includes Samsung Pay and Apple Pay. As consumers are making more financial transactions using their smartphones, handset giants began to increase their investment volumes to develop more secure unlocking systems by using biometric authentication and identification systems. Besides financial transactions, the global healthcare, medical and other industries are on a clear path to adopt the bio authentication systems.
Apple has recently acquired Israeli facial recognition startup RealFace, raising expectations that upcoming iPhones will be equipped with biometric-converged security systems.
Rival Samsung wowed the mobile industry last year by adding iris scanners into its ill-fated Galaxy Note 7 smartphone, while most of smartphone vendors have been relying on fingerprint locker systems in order to offer an additional security solution for their mobile devices. Despite the Galaxy Note 7 fiasco, which was attributed to faults in battery cells, the company is unlikely to scrap the bio security system for its upcoming flagship device - Galaxy S8 - which is rumored to debut next month. Samsung says its scanning security system would drastically reduce any potential threats of hacking, and plans to diversify the usage of the iris scanner into more areas including making transactions within apps, reading passports, taxations or education.