According to Gartner, core banking downtimes cost financial institutions an average of $5,600 per minute. That means that however much a one-minute service interruption could seem something small to the naked eye, its underlying impact could weigh heavily on your bank’s operations, revenue, customer satisfaction and the institution’s bottom line. Sample Downtime Reported Early 2023 Early 2023, many customers of a leading bank noticed some weirdness in their account balances. These discrepancies caused great outrage that the…
According to Gartner, core banking downtimes cost financial institutions an average of $5,600 per minute. That means that however much a one-minute service interruption could seem something small to the naked eye, its underlying impact could weigh heavily on your bank’s operations, revenue, customer satisfaction and the institution’s bottom line. Sample Downtime Reported Early 2023 Early 2023, many customers of a leading bank noticed some weirdness in their account balances. These discrepancies caused great outrage that the…
According to Gartner, core banking downtimes cost financial institutions an average of $5,600 per minute. That means that however much a one-minute service interruption could seem something small to…
According to Gartner, core banking downtimes cost financial institutions an average of $5,600 per minute. That means that however much a one-minute service interruption could seem something small to the naked eye, its underlying impact could weigh heavily on your bank’s operations, revenue, customer satisfaction and the institution’s bottom line. Sample Downtime Reported Early 2023 Early 2023, many customers of a leading bank noticed some weirdness in their account balances. These discrepancies caused great outrage that the…