The investment will be deployed over three years and allow the bank to compete with other digital banks and fintechs; it marks an increase of 40% from Lloyd’s previous three-year expansion plan; Lloyds also hopes the investment will help cut costs. Source
NayaOne has partnered with Lloyds to develop their Innovation Sandbox, aimed at streamlining the bank's digital development.
Lloyds Banking and Halifax customers will now be able to see other current accounts from banks like HSBC, RBS and...
Lloyds CEO António Horta Osório told a conference that his bank is the largest digital bank in the UK with more than 30 million digital customers; the bank plans to spend about $1.5bn annually on their digital strategy for the next three years; he also stated he thought partnerships between banks and fintech companies will become even more important and wants to work with them in a symbiotic relationship. Source.
The bank plans to cut costs by switching to a new platform developed by startup Thought Machine; Lloyds has held...
More than 113,000 people in the UK switched their bank accounts in the month of March, the third highest amount...
The New Year’s Eve ransomware attack on Travelex has disrupted foreign currency cash transactions for many large banks including Barclays,...
Lloyds is giving 2000 customers over the age of 70 a free tablet along and is also offering a dedicated...
Many believe the metaverse to be just another passing fad. At Merge 2022, panelists discussed why this time, it's different.
Lloyds is cutting 780 roles across their branch network; the cut amounts to almost one in 16 of branch-based workers;...