Swiss Online Bank In Spectacular Failure

from the $160-million-and-no-launch dept

Talk about your major failures. Swiss bank Vontobel has been working for two years on their online bank called They spent $160 million on it, and now they’ve pulled the plug on it less than a month before it was supposed to launch. Apparently the people involved could do nothing right, and had no idea of the complexity involved. It sounds like a lot of egos who just figured they could will things to work correctly.

Add Your Comment

Your email address will not be published. Required fields are marked *

Have a Techdirt Account? Sign in now. Want one? Register here

Comment Options:

Make this the or (get credits or sign in to see balance) what's this?

What's this?

Techdirt community members with Techdirt Credits can spotlight a comment as either the "First Word" or "Last Word" on a particular comment thread. Credits can be purchased at the Techdirt Insider Shop »

Follow Techdirt

Techdirt Daily Newsletter

Techdirt Deals
Techdirt Insider Discord
The latest chatter on the Techdirt Insider Discord channel...