HSBC outage is the first bank IT fiasco of 2016 - unlikely to be the last

Bank IT meltdowns: HSBC online outage shows legacy IT concerns set to continue for UK lenders

From Computer World UK –

“Just days into 2016, HSBC has become the first bank to suffer a major IT outage. Millions of the bank's customers were unable to access online accounts this week, with services only now returning to normal after a two-day outage.”

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Why banks are realising their legacy technology must evolve or die

From Information Age -

“The British Bankers’ Association’s recent recognition of the need to regulate Google Wallet and Apple Pay should be seen as a sign that we’re starting to see a fundamental shift in banking. Not just the latest tech fads, these innovators (and others like them) have emerged as serious challengers to the high-street banks. They’re significantly disrupting the status quo within the industry by using a ‘digital-first’ approach that has the potential to fundamentally change the way consumers manage their money.”

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