Thomson Reuters successfully rolled out the KEA version of the Eikon Mobile app, including Eikon Messenger, in the first quarter of 2016. Enterprise FSI clients have expressed enthusiasm and growing adoption of the fortified platform, as evidenced by improving month-over-month usage metrics generating a 10-15 percent user growth rate. The company plans to release a KEA version of Eikon Mobile with every other non-KEA version release. “Creating a solution with a partner that has the reach, scale and capability of Samsung, and that complies with the FIDO standard, rapidly becoming the dominant standard, gives us a good basis of what offerings make the most sense for our joint customers,” says Ron Kozoman, head of mobile business unit management at Thomson Reuters. “Maybe there is a proprietary trading type of app, or maybe an app we can produce together that would allow a wealth manager to do something fairly special and be able to hold on to some fairly sensitive customer data with great confidence knowing that because of Knox security and because of biometric authentication, it’s not going to fall into the wrong hands.”
Here are some other benefits Thomson Reuters gained by protecting their mobile apps by Knox:
1. Provides Flexible MDM Customization for Eikon Enterprise Clients
While Knox has built-in MDM, major financial institutions are integrating their own MDM. Carino anticipates spikes in growth as banks get their MDM worked out. Many large banking clients have expressed interest in moving forward with distribution of Knox-enabled Samsung Galaxy devices to employees, as the rollout has bolstered awareness and confidence in the security of KEA.
2. Delivers Protection for Both the Organization and End User
Thomson Reuters Eikon clients are mobile financial professionals who need constant and remote accessibility to information. Having a 2-in-1 device is a major efficiency booster. To alleviate carrying multiple connected devices, FSI professionals prefer a BYOD policy. Security breaches are a deal breaker when using enterprise business apps on a personal smartphone. The biggest dilemma stems from the susceptibility for intrusion and malware access of sensitive data. When users download an app, it usually asks for permissions to access private data on the phone, including location, contacts and messages before installing the app. This has the potential to open up a Pandora’s box of trouble. For this reason, many financial institutions require a separate enterprise-enabled device strictly for business use, which adds to the already cumbrous nature of physically carrying, syncing and charging multiple devices on the road. Knox allows for the complete separation of personal and business apps and data through invisible, isolated and encrypted containerization, protecting communication, apps and data simultaneously.
3. Improves Enterprise BYOD Flexibility and Enables Expedited Testing Capabilities
Containerization, also known as sandboxing, prevents personal apps from accessing data from other apps. If a vulnerable app is hacked, it prevents the spillover effect from accessing other data or software on the device, containing the breach. Sandbox also ensures that the rigors of testing aren’t transferred from enterprise to customers and don’t negatively impact the end-user experience — allowing for something that can take months for testing, customization and integration to be done in a fraction of the time.