Central Banking

IT failures reveal vulnerabilities in UK banking system

Barclays sign

Two of the UK’s largest banks have been called to explain the failures within their IT systems that left customers without access to core services for several hours.

“It simply isn’t good enough to expose customers to IT failures, including delays in paying bills and an inability to access their own money,” Nicky Morgan, chair of the Treasury Select Committee, says in a statement.

“High-street banks justify the closure of their branch networks on the basis that they are providing a seamless

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: