Sumitomo Mitsui asked to report on technical glitch.

M2 EQUITYBITES-May 11, 2022--Sumitomo Mitsui asked to report on technical glitch


Global Banking News - 11 May 2022

The Financial Services Agency in Japan has asked Sumitomo Mitsui Banking Corp and its parent, Sumitomo Mitsui Financial Group, Inc (TO: 8316) to report on a recent system failure.

The recent glitch had disrupted the bank's ATMs during the Golden Week holiday. The firms have been asked by regulators to report how the glitch occurred and how they dealt with affected customers. The event...

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