Tag: banking

Business News Technology

British Banks Discover the Cloud

Harriet Collins

British Banks Discover the Cloud Is a Building Banks meet an unexpected dependency on the plug LONDON — Britain’s banking industry received an unscheduled introduction to physical reality on Tuesday after a power problem disrupted Google Cloud’s London infrastructure, demonstrating that the cloud remains subject to several disappointing terrestrial conditions, including electricity. Google’s incident report identified an outage in its europe-west2-b zone and said services were recovering after the power…

Business News Technology

Revolut Says Your Money Is Safe

Alan Nafzger

Revolut Says Your Money Is Safe From You Outage delivers compulsory saving to customers LONDON — Revolut customers encountered an unusually comprehensive savings mechanism on Tuesday when service disruption affected functions including card payments and cash withdrawals. The bank assured customers that their money and data were safe, establishing a distinction between possessing money and being permitted to do anything useful with it. The disruption was linked to Google Cloud’s…