Their actions are not far from criminal negligence IMHO.
I was a Solbank (one of their brands) customer and can safely say tech isn’t their strong point. Awful UX and a pain to deal with.
It's the core banking system of a big bank. Handling consistent state between the old and new systems while progressively migrating customers would probably have been extremely complex. They also get to have a maintenance window (few people will complain if they get warned their bank and all transactions won't work for 2 hours in the middle of the night on Monday). A "big bang" migration makes more sense, if everything is properly prepared and tested, which it wasn't.
Part of your preparation and testing is the rollback of a partial migration - if you're irreversibly committed to the "big bang" before you know its outcome, then your preparation and testing has failed.
That sounds like ‘A “big bang” migration makes more sense, if it works.’
Your rollback plan should never be an afterthought. Your rollback plan should be designed like you expect to use it. If your rollback plan is “Burn the ships” and fix-forward, you shouldn’t be working at a bank.