Glitch Hits HSBC, Hang Seng Banking Services

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2022-06-05 HKT 16:48

Share this story

facebook

  • Glitch hits HSBC, Hang Seng banking services

A technical glitch disrupted internet banking and ATM withdrawals for customers of HSBC and its sister bank, Hang Seng, for about two hours on Sunday.

"We're sorry, this service is temporarily unavailable. Please try again later," a message on HSBC's mobile app showed, while some ATM machines were also down.

Services gradually resumed to normal after noon.

According to the websites of HSBC and Hang Seng Bank, system upgrades or maintenance took place in the early hours of Sunday.

Francis Fong, honorary president of Hong Kong Information Technology Federation, said he believes the incident was caused by the failure to resume normal banking operations after system maintenance.

He said the impact wasn't huge as services were back online after around two hours and the glitch happened on the weekend.

Still, Fong called on the bank to take steps to prevent similar mishaps from happening again.

"I think all of this system maintenance, originally, should be uninterrupted. But there are unforeseeable events happening, and I hope HSBC will learn from this experience and try to minimise the problem that appeared this time and to prevent further interruption again in the future."

Finance sector legislator Chan Chun-ying said he expects the Monetary Authority to demand the two banks to submit a detailed report on the incident.

______________________________



Last updated: 2022-06-05 HKT 17:30

RECENT NEWS

EDENA Unveils AI System To Automate Sovereign Asset Settlement

At the DAT Summit Hong Kong, EDENA Capital Partners launched the Autonomic Financial OS. The company describes it as an... Read more

Naver Exposes 15,000 Knowledge IN Users Activity, Moves To Improve Privacy Controls

Naver has announced measures following an incident in which around 15,000 users’ activity histories on Knowledge iN w... Read more

Japans PayPay Files For US IPO, Targets Valuation Above US$10B

SoftBank‘s digital payments unit, PayPay, has filed publicly for a US IPO. The listing could be the largest by a Japa... Read more

Inference Research Launches In Hong Kong With US$20M Seed Funding

Inference Research, an AI-native quantitative trading firm based in Hong Kong, has announced its launch and the expecte... Read more

London-Based Unlimit Appoints Michele Fung To Lead APAC Expansion

London-based fintech company Unlimit, which provides a broad range of financial technology services, has appointed Mich... Read more

SoFi Launches Digital Asset Trading In Hong Kong Through OSL Partnership

SoFi Securities (Hong Kong) (SoFi Hong Kong) and OSL Group have announced a partnership to offer digital asset trading ... Read more