– ‘Technical issue’ at Fidelity blocks access to online accounts, stops online trading
– Fidelity is 3rd largest brokerage by client assets: $1.7 trillion at the end of 2016
– NatWest, RBS, Ulster Bank have experienced online banking ‘issues’ in November
– Clients left without access to funds & failed payments & little to no recourse
– Social media exposing the banks’ and online trading platforms’ shortcomings
– Reminder that online accounts can be rendered non-viable and vulnerability of absolute dependence and digital cash, digital gold etc
Editor: Mark O’Byrne
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Yesterday, customers of Fidelity, the third largest brokerage in the world, found themselves unable to access their online accounts.
The company is responsible for an estimated 8% of total US wealth management. With such a huge responsibility, Fidelity, like most companies, works hard to ensure clients have access to online accounts at all times.
This post was published at Gold Core on December 1, 2017.