Feeds

Cahoot: Another online launch fails to anticipate customer interest

The good news is, accounts with interest free overdrafts are still there for the taking...

  • alert
  • submit to reddit

Next gen security for virtualised datacentres

Cahoot, Abbey National's new online bank crashed only hours after yesterday's launch and was only accessible intermittently throughout the day.

The online bank cost Abbey National £200 million to set up after much hyped investment in 'superior technology' that still failed on the day. The bank has so far had no explanation for the technical troubles, but there has been much speculation that unexpected interest overloaded the system.

Tim Murley, Cahoot's managing director told the Express 'This is certainly very embarrassing. We are putting our hands up and saying we got it wrong.' He also said he was not convinced that the problem was traffic volume.

But the good news is that because the system could not process applications as quickly as anticipated,there are still about 24,000 interest free overdraft accounts available for those not put off by yesterday's messy start.®

The essential guide to IT transformation

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?