Line Bank Taiwan Ltd (連線商業銀行), the nation’s second Web-only bank, launched on Thursday, but promptly drew a rebuke from the regulator after its system crashed.
The virtual bank launched its banking service, integrated into the messaging app Line offered by its affiliate Line Taiwan Ltd (台灣連線), at about 5pm on Thursday, but users said they could not access the service.
People who clicked on its Web page were greeted by either a blank page or a “server is busy” message.
That was contrary to the bank’s claims that people would be able to open an account within six minutes and its promise