10 December 2016
Visit aciworldwide.com

Lloyds launches Digital Banking Hub

18 January 2016  |  17965 views  |  6 lloyds logo

Lloyds Banking Group has launched a new Digital Banking Hub with a powerful infographic illustrating the fast-paced world of the modern data bank.

The Hub has been created to provide a behind-the-scenes look at the work undertaken by Lloyds to propel its business into the 21st century, offfering exclusive content, insight and news on hi-tech initiatives underway at the bank. One blog post reveals that Lloyds is experimenting with heartbeat authentication technology from Canadian firm Nymi, while another provides a profile of the bank's director of innovation Claire Calmejane.

Introducing the new site, Lloyds group digital director Miguel-Ángel Rodríguez-Sola, states: "As digital has become an intrinsic part of our everyday lives it has also become interlinked into every part of our business – something demonstrated by the 1.6 billion log-ons our customers made to our sites in the last 12 months alone.

"We are, without doubt, in one of the most exciting stages of transforming the way Britain banks and we want to provide you with the insight of the work that goes into creating a world-class digital experience."

To illustrate the point, the bank has served up an infographic to provide a taste of what 60 seconds in Digital at Lloyds Banking Group looks like.

 

Comments: (6)

Derek Corcoran
Derek Corcoran - Avoka - Denver | 19 January, 2016, 03:52

Great to see one of the oldest financial services companies in the world demonstrate a recognition of the importance of Fintech, along with other global giants like Citi with Citi Fintech. 

It would be fascinating to see Lloyds produce that infographic every 12 months to show the progression and inevitable growth in the importance of the digital channel. Digital is the future (and the present) of banking. 

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Ramadas Mv
Ramadas Mv - Paycommerce INC - Cochin | 19 January, 2016, 06:04

Fantastic..Absolutely clear the faster you go, the better you placed.. Digital is the way ahead for banking in future

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Vishal Shah
Vishal Shah - SAP - London | 19 January, 2016, 07:29 Really? Is wrapping the channels that existed for more than a decade and calling them Digital make it any better? This infographic does not represent the true essence of a Digital business.
Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Daniel Smith
Daniel Smith - CHOICE Financial Solutions - New York | 19 January, 2016, 07:40

@Vishal - have to agree with you.

Website visits? Pageviews? Logon to internet banking? And POS store transactions?

I don't see any of those metrics being an indicator of a digital bank strategy, and instead seem to be simple BAU that has been around for many,many years.

Bill payment, mobile app log-ins, and transfer statistics - maybe. But those are hardly innovative services and features.

1 thumb up! 1 thumb up! (Log in to thumb up)
Ketharaman Swaminathan
Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune | 19 January, 2016, 17:57

The bank is talking about steps taken to propel to 21st century. Let's not forget that we're already 16 years into the 21st century. So what if Internet Banking has been around for 10+ years and Mobile Banking, for 5+ years? They seem digital enough to me. Like I highlighted in http://qwt.io/s_ketharaman/PDSh, banks have been digitally savvy for quite long, it's just that they haven't marketed themselves as well as neobanks. This is a step in that direction.

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Chimaroke Mbachu
Chimaroke Mbachu - Napthali Services - Abuja | 24 January, 2016, 05:36

With a 4.6m euros in transactional one might be led to believe that the move for a digital banking hub is more than justified. I think it is better for Lloyd's to have allowed that decision to be informed by profitability or the magnitude of income derived from that activity. The digital trend has a strong band wagon effect because of the perceived potentials that some financial institutions would undervalue the costs. Well...I pray Lloyd's took the major thing(Costs &profitability) into consideration before making that decision.

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Lloyds invites smart savings startup to work at its digital hub

Lloyds invites smart savings startup to work at its digital hub

30 November 2015  |  6895 views  |  0 comments | 16 tweets | 12 linkedin
Lloyds creates digital skills training course for IT staffers

Lloyds creates digital skills training course for IT staffers

22 October 2015  |  7665 views  |  0 comments | 16 tweets | 10 linkedin
Lloyds dismantles barrier to switching with online eligibility checker

Lloyds dismantles barrier to switching with online eligibility checker

09 July 2015  |  5930 views  |  0 comments | 10 tweets | 5 linkedin
Lloyds experiments with 'tap to bank' card tech for mobile authentication

Lloyds experiments with 'tap to bank' card tech for mobile authentication

06 July 2015  |  10235 views  |  6 comments | 23 tweets | 21 linkedin
Lloyds challenges student coders to develop gamified banking apps

Lloyds challenges student coders to develop gamified banking apps

20 April 2015  |  7436 views  |  0 comments | 15 tweets | 9 linkedin
Lloyds gives T&Cs a digital makeover

Lloyds gives T&Cs a digital makeover

08 April 2015  |  10856 views  |  0 comments | 17 tweets | 11 linkedin
Lloyds and AmEx back fintech startup competition

Lloyds and AmEx back fintech startup competition

04 March 2015  |  11476 views  |  0 comments | 20 tweets | 2 linkedin
Lloyds to accept electronic photo ID docs for online account opening

Lloyds to accept electronic photo ID docs for online account opening

11 February 2015  |  14122 views  |  7 comments | 28 tweets | 17 linkedin
Lloyds to push rewards to customer mobile phones and smartwatches

Lloyds to push rewards to customer mobile phones and smartwatches

09 February 2015  |  9599 views  |  0 comments | 20 tweets | 10 linkedin
Lloyds to pilot mobile cheque deposits with business customers

Lloyds to pilot mobile cheque deposits with business customers

12 December 2014  |  15569 views  |  2 comments | 15 tweets | 14 linkedin
Lloyds opens digital-only training scheme for new graduates

Lloyds opens digital-only training scheme for new graduates

17 November 2014  |  8342 views  |  0 comments | 14 tweets | 5 linkedin
Lloyds commits £1 billion to digital amid massive job cuts and branch closures

Lloyds commits £1 billion to digital amid massive job cuts and branch closures

28 October 2014  |  16283 views  |  0 comments | 20 tweets | 19 linkedin
Lloyds on the hunt for new digital talent as job cuts loom

Lloyds on the hunt for new digital talent as job cuts loom

06 October 2014  |  11474 views  |  1 comments | 11 tweets | 11 linkedin
Lloyds rolls out real-time online appointment booking system

Lloyds rolls out real-time online appointment booking system

24 September 2014  |  9546 views  |  1 comments | 16 tweets | 7 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comVisit contisgroup.comFind out more

Top topics

Most viewed Most shared
China tops world fintech rankingsChina tops world fintech rankings
8493 views comments | 39 tweets | 31 linkedin
EBA bends under weight of PSD2 mandatesEBA bends under weight of PSD2 mandates
8078 views comments | 37 tweets | 48 linkedin
Guesswork alone can crack Visa card security - Newcastle UniversityGuesswork alone can crack Visa card securi...
7980 views 12 comments | 15 tweets | 27 linkedin
PSD2 will transform the payments landscapePSD2 will transform the payments landscape
6994 views comments | 23 tweets | 13 linkedin
Fed Governor sounds warning on alternative credit scoring dataFed Governor sounds warning on alternative...
6822 views comments | 20 tweets | 23 linkedin

Featured job

Find your next job