‘Robustness’ of digital banking systems must be assessed after Bank of Ireland glitch - McGrath

Minister for Finance has asked the Central Bank to establish ‘what happened, why and what will be done to avoid a repeat’

Michael McGrath, the Minister for Finance: “From my point of view as Minister for Finance, financial service providers have to do whatever is required to ensure continuity of service for their customers. This is vital for the normal functioning of our society and our economy.” Picture: Fergal Phillips

The “robustness” of online financial services needs to be assessed in the wake of the Bank of Ireland glitch, the Minister for Finance has said.

Yesterday, a glitch relating to Bank of Ireland’s mobile and online banking services allowed customers to gain access to funds beyond those actually in their accounts.

The bank has since apologised for any inconvenience caused by the technological breakdown, which saw gardaí across the country deployed to close ATMs after ...