Lloyds Banking Group

401 results about this entity

Period: 21 Aug 2009 - 13 Sep 2024

Lloyds consults on plans to move customer accounts to new core

Lloyds Bank is looking at a £750 million annual saving in tech spend as it plots a move to a new core banking platform from tech startup Thought Machine.

/payments

Lloyds Banking Group customers hit by Faster Payments outage

Customers of Lloyds, Halifax and Bank of Scotland have been affected by a Faster Payments glitch that has left them unable to transfer money.

Open Banking year one: Insights from the CMA9 and more

A review of the first year of the UK’s groundbreaking experiment in Open Banking. What worked? What didn’t? And what next?

Open Banking is in the customer’s hands in the age of data breaches

Following news of the Marriott data breach, panelists at Fintech Connect 2018 believe that while concern about the security of data retention still exists, open APIs have resulted in a paradigm shift around how data is controlled.

IBM teams up with Thought Machine to hawk cloud-based core banking system

Thought Machine, the core banking startup set up by a gaggle of former Google engineers, has inked a global implementation partnership deal with IBM, gaining a heavyweight partner in its efforts to win over big clients.

Frankfurt claims $800bn in assets will move from London after Brexit

Between €750-800bn in assets will move from London to Frankfurt as a result of a Brexit-led exodus of banks from the UK.

Lloyds' customers can now keep track of spending with Google Maps

Lloyds Banking Group has added Google Maps functionality to its mobile app to help customers pinpoint the exact location and details of debit card transactions with a single tap or click.

Lloyds invests in cloud-based core banking startup Thought Machine

Lloyds Banking Group has paid £11 million for a 10% stake in core banking developer Thought Machine as part of a strategic partnership designed to accelerate the UK lender's digital transformation plan.

UK banks publish fintech collaboration toolkit

A collective of top UK banks and and financial technology firms have helped to craft a set of guidelines designed to improve engagement between fintech startups and financial institutions.

Lloyds to create thousands of jobs in digitisation drive

Lloyds Banking Group is axing 6000 jobs but creating 8000 new ones as part of a multi-billion pound technology investment programme, according to reports.

Open Banking comes to small business lending with Lloyds and iwoca

Iwoca has become the first small business lender to use Open Banking rules to connect with one of the UK's largest banks, enabling customers of Lloyds Bank to submit their transaction history and apply for a loan.

/ai

IBM and banks back data project to fight human trafficking

Western Union, Barclays and Lloyds Banking Group are backing a new project that uses IBM's Watson technology to tap into financial data to help track and combat human trafficking.