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Evening Standard
Evening Standard
Martyn Landi

Banking outages happen because banks ‘can’t keep up with tech’

Banks experience outages because they find it ‘too hard’ to keep up with modern tech, experts have warned (Posed by model/Tim Goode/PA) - (PA Wire)

Online banking outages are happening because banks are finding it “too hard to keep up” with fast-moving technology, an industry expert has said.

On Monday, Lloyds Bank and Halifax were hit by an issue that left customers unable to receive payments and came in the wake of a major Barclays outage that began on Friday and continued into the weekend, leaving many unable to access funds on payday.

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