IBM and Ericsson form mobile finances alliance

IBM and Ericsson have formed an alliance to help financial services companies deliver secure and efficient mobile internet offerings.

The two companies will develop technology that enables high-value, high-volume B2C services such as wealth management, account aggregation, mobile trading, and credit card and payment alerts.

Lars Boman, Ericsson's internet applications president, said: "It will accelerate the uptake of mobile internet for financial services and will drive the development of additional applications and traffic volume for GPRS and 3G in this sector."

In a joint statement, the two companies said the aim is to give a standard, highly-scalable and secure end-to-end infrastructure for implementing services across multiple financial channels.