Challenger bank TSB has revealed that last year’s disastrous IT meltdown cost it £330.2 million and lost it 80,000 customers.
Blog Category: Technology
New research predicts that a quarter of all Brits will have a digital-only bank account within the next five years.
TSB has lost more than 16,000 customers following the IT meltdown which locked customers out of their accounts for weeks earlier this year.
Britain’s telecoms regulator has told the mobile phone industry that the way some firms are doing business is ‘unacceptable’ and has to change.
TSB’s computer meltdown earlier this year cost the bank £176 million and pushed it to a half year loss of £107.4 million.
The loss was sufficiently large to force its new Spanish owners, Banco Sabadell, to a reported three month loss of £123 million in June.
Visitors to the Mobile World Congress technology show in Barcelona have had a demonstration of what could become the credit card of the future.
Called the Smart Wallet Card, it is actually several cards in one which can be switched out by the card holder.Read More
E.ON – one of the Big Six energy suppliers – has been fined £7 million by Ofgem for ‘unacceptable’ failings in the installing of smart meters for its business customers.
The energy giant has also been warned it faces a further £7 million fine and a sales ban if it fails to meet new interim targets. The ban would prevent E.ON from taking on new business customers until it was able to supply them through a smart meter.Read More
Does the idea of reading 60,000 words an hour appeal to you? To put that into perspective, the average news article is approximately 600 words, so at that rate you could read 100 news articles per hour.