Federal Bank is implementing IBM’s Trusteer Mobile solution to secure its mobile application, which is based on IBM’s MobileFirst platform. The bank has signed an agreement with IBM in this regard. The security layer is also intended to warn the users in case they attempt a transaction over an insecure network or through an infected device. The app is called FedMobile, which can be used to transfer funds, make utility bill payments and utilize services such as top-up or recharge of mobile phones and payment of school fees. Johnson K. Jose, head, IT of the bank said within the mobile ecosystem, the bank realized that the customer machines were the point of compromise and these had to be safeguarded to build customers’ confidence. Trusteer Mobile solution equipped the bank to stop these attacks from coming in from unsecured customer device, he added.
