Federal Bank in India has entered into a partnership with Ripple Inc, a blockchain supported global remittance company, for cross-border remittance through its network. The announcement states that the new partnership will allow the Federal Bank to participate in cross border remittance via the Ripple network. The announcement adds that the Ripple platform offers “safer and secured” cross border transactions for the bank, and the partnership was confirmed by CEO Shyam Srinivasan and Senior VP John Mitchell of Ripple. The private sector bank has entered into this partnership with Srinivasan saying that the Federal Bank is crucial to India’s remittance industry. Considering this major role, he added that it is “only natural” for them to bring in “the latest technology,” which is what led them to Ripple. With Ripple, and as a pioneer in using advanced technology, the Indian lender has also launched a new app targeting the NRI community to receive OTPs and alerts for transactions in their accounts with Federal Bank…