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Global Banks Experience Operational Disruptions Due To Technical Issues

Reuters interviews Anna Bjerde, World Bank Managing Director for Operations

Recent reports have indicated that several major banking institutions around the world are facing disruptions in their operations. Commonwealth Bank, Australia's largest bank, has reported issues affecting its services. Similarly, Australian lenders ANZ and Westpac have also experienced disruptions, as noted by Downdetector, a platform that tracks cyber outages. Additionally, New Zealand's ASB Bank has been listed on Downdetector for facing technical difficulties.

In South Africa, Capitec has confirmed nationwide service disruptions due to an unexpected problem with an international service provider. Despite this, the bank has assured customers that card payments and Capitec ATMs are functioning normally, and customer accounts remain secure. Capitec is actively working to resolve the issue promptly.

Israel has also been impacted by a global technical malfunction at CrowdStrike, which has resulted in a partial technical impact on the country's banking system. The Bank of Israel has acknowledged the situation and is taking steps to address the issue effectively.

On the other hand, the Bank of England in the United Kingdom has stated that its systems have not been affected by the recent disruptions experienced by other global banks. The Bank of England is closely monitoring the situation and maintaining communication with financial firms and relevant authorities to stay informed.

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