Preventing Bank Outages: How Technology Can Improve Resilience and Reliability
Coforge
MARCH 23, 2025
The banking sector in the UK is facing an alarming surge in IT outages, disrupting essential financial services and eroding customer trust. A recent parliamentary report highlights that major banks have collectively experienced at least 158 significant IT failures over the past two years, causing over 800 hours of service downtime. Financial institutions have paid millions in customer compensation due to these failures, raising serious concerns about the stability of banking technology infrastru
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