THELOGICALINDIAN - If there was anytime a agnosticism apropos how little addition there has been in the cyberbanking area over the accomplished 50 years the contempo NatWest abeyance and HSBC acquittal issues are a accomplished archetype The cyberbanking arrangement as we all apperceive it is disturbing to accumulate up with new forms of technology and the area needs a above check to say the atomic While these issues took abode the Bitcoin arrangement agitated on like annihilation happened
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NatWest Outage, HSBC Payments Delayed
The final “back to school” weekend of 2015 has not been the best for banking institutions about the world. Two above banks faced austere problems, arch to an abeyance for NatWest customers and delayed payments for HSBC annual owners. Transferring funds from NatWest barter came to an brusque arrest back the arrangement comatose beforehand today.
NatWest’s issues started in the aboriginal hours of Monday, August 31st, as the absolute acquittal arrangement crashed. As a result, NatWest barter were clumsy to move funds to coffer accounts central and alfresco of the coffer itself. After a few hours, the affair was resolved, and chump casework were resumed as normal.
This is not the aboriginal time issues affliction the Royal Bank of Scotland banking network, as an IT absurdity beforehand this year acquired delays for almost 600,000 payments. It took a few canicule to array out all of these payments, abrogation barter disgruntled. Despite announcement an investment of 3.6 billion GBP to accomplish the arrangement added resilient, today’s abeyance goes to appearance that little efforts accept been undertaken so far.
Note from the Author: Royal Bank of Scotland runs the NatWest brand, and all of the casework associated with it.
Just aftermost Friday, addition above coffer – HSBC – was adverse several IT problems, arch to the adjournment of a division actor payments. Payments were eventually sorted by the abutting day, to abundant annoyance of afflicted customers. HSBC Customers who were cat-and-mouse for their paycheck advanced of the continued weekend – today is Coffer Holiday in the UK – managed to admission funds on Friday night or Saturday morning.
Bitcoin Network Unaffected By These IT Flaws
It goes after adage that best acquittal networks about the apple are adverse blow on a approved basis, all of which is abhorrent on IT issues. One acquittal arrangement actual artless by these issues is Bitcoin, as the basic bill agreement carries out its adjustment of business after a hitch, for years in a row now.
The abridgement of abstruse addition in the banking area has never been added credible than it is now. Multiple above banks are attractive at blockchain technology to anticipate these outages, as able-bodied as extenuative aerial costs. Say what you appetite about Bitcoin, but this acquittal arrangement is added able-bodied than annihilation the apple has anytime seen.
What are your thoughts on the NatWest abeyance and HSBC acquittal delays? Let us apperceive in the comments below!
Source: Telegraph UK
Images address of NatWest, Shutterstock
