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An article relating to this blog post on Finextra:

HSBC Bank USA struggling with core banking glitch

HSBC Bank USA - the North American subsidiary of the British banking group - has been struggling to restore data and update account balances following technical problems with its core banking platform...


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Desaster Recovery Plan

It appears they had a problem also with their desaster recovery plan as well.  I wonder who their core processor is?  or the software system they are using?  I sure hope they are able to get things moving again before it causes to much damage to the bank.  I also hope their customer base is forgiving - we depend on technology so much these days that we always expect it to run perfectly 100% of the time and we forget that it too can break down - just like our autos do!

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