I just wonder .... the banks are rushing the Smart-phone apps out to leverage their brands and keep ahead of technologies like bitcoin ... has bitcoin phone app threat pushed some of them over the edge, technically speaking? (This guy seems to think so).http://www.thisismoney.co.uk/money/saving/article-2163048/NatWest-RBS-banking-problems-Millions-wages-meltdown-enters-second-day.html
'More technical problems lie ahead for ALL British banks'
Last week, RBS-NatWest launched a mobile banking app that lets people to withdraw money from cash machines using their smartphone.
It is the latest bank to offer such technology as the industry moves towards making smartphones digital wallets.
But the rush to offer new technology may come at a price.
Experts warned that customers of UK banks would increasingly face such problems because of the rush to deliver new and evermore sophisticated services.
Daoud Fakhri, senior analyst at consultancy Datamonitor Financial Services, said: ‘This episode is emblematic of wider problems facing the banking sector as a whole.
'Many providers, being early adopters of IT systems when the technology was still in its infancy, have been left saddled with inflexible core systems that are often several decades old, and that are increasingly unable to cope with the demands being placed on them.
‘The growing expectations of consumers around online and mobile banking means that the tensions between the provision of ever more sophisticated services and the capability of core systems to satisfy these demands are close to breaking point, and this increases the likelihood of episodes such as the NatWest mishap happening again.’