Mobile Banking Security Lab – A new IDBRT initiative.

All Bank customers in India are now familiar with the SMS messages from their financial institutions. The messages can be financial or non-financial nature.

Banks are enhancing their mobile banking offerings by adding more and more features.

For eg: Bank of Baroda, Union Bank of India, ICICI Bank

71 Banks in India are permitted to offer Mobile Banking in India. Out of the 71, there are active transactions in 49 banks.

The number of financial transactions on the Mobile Banking is on the increase, as can be seen in the below table: –

Mobile Banking Transactions in India


No of Transactions

No of Banks










71 banks list: –

There is still a large untapped potential in the mobile banking. Apart from the lingering thoughts on security, customers would like to access the mobile banking on low-end as well as high-end phones.

A Mobile Banking Application to be successful has to have the following features:

  1. Safety and Security. The communication to the customers should be clear, to convince them to opt for Mobile Banking.

  2. Reliability and Interoperability on both low-end and high-end mobile phones.

  3. Accessible through mobile communication channels such as SMS, USSD, IVRS and GPRS.

An industry centric, vendor neutral mobile bank testing lab would enable small banks also to offer innovative mobile banking products.

Sensing an opportunity, IDBRT has set up Mobile Banking Security Lab (MBSL) within its Hyderabad premises.

The main aim is to help the financial institutions to explore solutions to the evolving challenges in the area of Mobile Banking and Security.

The objectives of the MBSL are to:

  1. Support the Research and Development activities of IDRBT with experimental insight into Mobile Communication, Mobile Banking and Mobile Security areas.

  2. Train researchers, students and participants from Banks and Financial Institutions to practically understand the current MBS models, frameworks, best practices and evolving challenges.

  3. Provide testing environment of MBS applications and provide solutions to banks and financial institutions for their MBS requirements.

  4. Provide customer education; conduct Training Programmes, Workshops and Conferences on Mobile Banking and its Security.

  5. Provide consultancy to Banks & Financial Institutions in policy framework, technical guidance, testing, evaluation, etc.

  6. Provide solutions by analyzing the emerging attacks on mobile phones and frauds happening through mobile banking.

The education wing of MBSL proposes to publish brochures in all Indian languages.

Collaboration with leading Institutions, both nationally and internationally, particularly with NPCI, UIDAI, IIT-Madras, CDAC, GEQD, CEWIT, SETS, CERT-IN, Banks & others, will prove beneficial to the banking industry.

There is a ‘Mobile Payment Forum of India’, which is a joint initiative of Institute for Development and Research in Banking Technology (IDRBT) and Rural Technology Business Incubator (RTBI) of IIT Madras. However, of late, there has not been much action in this forum.

The main advantage of MBSL is that it is located within IDBRT premises, and it’s Faculty and Research students will be part of MBSL.

One thought on “Mobile Banking Security Lab – A new IDBRT initiative.”

  1. You can also check your bank account on your cell phone for unauthorized transactions, to avoid coming fraud. Personal information is password-protected and secured by other identity confirmations.

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