Latest Lloyds Banking Group News: Finextra Research

Lloyds on-site technology deemed “not fit for purpose” in leaked video

A senior Lloyds banker has warned its existing on-site technology is “not fit for purpose” during a recorded internal meeting acquired by the Mail on Sunday. This technology holds the vast majority of the bank’s data and services.

20 December 2021

/retail

Lloyds to cut a further 48 bank branches

Lloyds Banking Group is to close a further 48 bank branches, with a possible loss of 178 jobs.

20 October 2021

/startups

UK banks plan to grow partnerships with fintech firms in wake of pandemic

More UK financial institutions are targeting acquisitions and partnerships with fintech firms to boost their position in the post-pandemic market, according to a report from Lloyds Bank.

11 October 2021

/security

Lloyds gives users control over contactless limits amid fraud fears

Lloyds Banking Group customers will be able to set their own limits when the new £100 ceiling on contactless card payments comes into effect next month.

24 September 2021

/wealth

Lloyds Banking Group to acquire WealthTech Embark

Lloyds Banking Group is to acquire self-directed wealth platform Embark Group for £390 million.

29 July 2021

/payments

Lloyds and Mastercard aim to take A2A payments mainstream

Lloyds Commercial Banking is rolling out a new payment service which enables consumers to make payments on an organisation’s website directly from their bank account, without having to enter any payment details.

26 July 2021

/retail

Lloyds to close 44 more branches

Lloyds Banking Group is to take the axe to a further 44 bank branches, citing a shift in customer behaviour to online banking during the pandemic.

23 June 2021

/people

Contis hires Lloyds vet Lyons to lead new banking unit

Banking-as-a-Service platform Contis has appointed senior Lloyds executive Andy Lyons as managing director of its new banking division.

23 June 2021

/startups

Lloyds Bank to step up fintech partnerships

Lloyds Banking Group is to step up partnerships with fintech firms as it seeks to deliver on a wide-ranging digital transformation project.

26 February 2021

/payments

Lloyds taps into Mastercard's Open Banking Connect system

Lloyds Banking Group is tapping Mastercard's Open Banking software to enable customers to pay off their credit card bills via their mobile app and draw on funds directly from a current account of their choice.

23 February 2021

/devops

Open Banking year three: Insights from the CMA9

The UK banking industry had its hands full in 2020 as institutions had to respond to lockdowns and other restrictions on business activity designed to curb the spread of Covid-19. What effect did this have on the ongoing adoption of Open Banking? In Finextra’s annual review, we look at how Open Banking has grown, what still needs to improve and what will happen next.

13 January 2021

/wholesale

Lloyds to licence invoice financing technology from Satago

Lloyds Banking Group is to run a six month trial of an invoice financing platform from Satago Financial Solutions, with a five-year commercial contract for the product on the line.

14 December 2020

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