Life is a glitch: more IT outages at banks in UK and Ireland
TSB and Ulster Bank are not having a good time with their tech.
TSB and Ulster Bank are not having a good time with their tech.
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The UK’s Financial Conduct Authority (FCA) had an IT incident on its online system, Gabriel, for collecting and storing regulatory data from firms. Due to the “unexpected IT incident”, it was unable to implement Taxonomy 2.4.1.1, which came into effect on 1 October. Those firms who were required to comply with the Capital Requirements Directive […]
Barclays’ business banking service, Barclays.net, decided it would also take time off during the three-day Bank Holiday weekend in the UK. The system suffered intermittent outages from 29 April until today (3 May), and there were numerous complaints on Twitter from angry users. The impact on customers ranged from trying to pay staff or facing […]
A three-hour trading crash at Nasdaq OMX caused by a connectivity issue has once again put the spotlight on trading technology and the resilience of financial markets, which have been sorely tested in recent months and years.
Technology companies Verdande and ITRS have developed an early warning system designed to detect trading outages and system failures before they happen.