TSB fined £50m for IT fiasco that locked out two million customers
Evening Standard|December 20, 2022
TSB HAS been slapped with a fine of almost £50 million for the disastrous systems meltdown that left around two million customers locked out of their accounts for weeks in 2018.
Michael Hunter
TSB fined £50m for IT fiasco that locked out two million customers

The IT collapse caused one of the biggest financial outages since the inception of internet banking and led to more than £33 million being paid out to customers as well as the departure of the High Street bank’s then chief executive Paul Pester, right.

It struck when the bank was trying to move customers to a new platform, which it failed to test properly according to a subsequent report. The botched migration followed a change of ownership — from Lloyds Banking Group to Sabadell, a Spanish group —and during the crisis, TSB turned down an offer of help from its former parent. Today, two City watchdogs fined TSB a total of £48.6 million for “operational risk management and governance failures”.

この記事は Evening Standard の December 20, 2022 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。

この記事は Evening Standard の December 20, 2022 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。

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