Federal Bank inks pact for mobile application security layer with IBM

IBM has signed a deal for an undisclosed amount with Federal Bank to provide a security layer for bank's mobile application, which will also warn the users in case they attempt a transaction over an insecure network or through an infected device.  The app called ‘FedMobile’, which can be used to transfer funds, make utility bill payments and utilise services such as top-up or recharge of mobile phones and payment of school fees, was developed on IBM's MobileFirst platform. 

Federal Bank is a major Indian commercial bank in the private sector headquartered at Aluva, Kerala having more than thousand branches and ATMs spread across different States in India.