22 August 2017
visit www.avoka.com

Lloyds partners startups peddling bill payments tech and AI virtual assistants

20 December 2016  |  11561 views  |  0 Go!

Lloyds Banking Group is to test-drive technology presented by two of the ten companies participating in this year's Startupbootcamp demo day in London.

Lloyds has been a founding partner of the London programme since its inception three years ago. This year, two members of Lloyds' staff were seconded to firms participating in the three-month accelerator programme as 'executives in residence'.

Jehangir Byramji, senior innovation manager and fintech lead at Lloyds, says: "The Group sees huge value in startup accelerators that are working with a tailored group of corporate partners. With this goal in mind, the startups and the partners learn from each other and amongst themselves to foster collaborative working, allowing for better experimentation and proposition development."

The experience has paid off for the bank, which is collaborating further with two of this year’s start-ups; MoBILLity and Enterprise Bot.

The bank says it will begin testing MoBILLity's chat-based service for saving money on recurring bill payments through customer trials. It also plans to run a pilot of Enterprise Bot's white label AI-powered virtual assistant, which is claimed to reduce call centre costs by 85% and customer wait-times by 90%.

Comments: (0)

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

HSBC and Lloyds among first FCA sandbox cohort; applications invited for next round

HSBC and Lloyds among first FCA sandbox cohort; applications invited for next round

07 November 2016  |  10484 views  |  0 comments | 17 tweets | 13 linkedin
Lloyds bends reality for graduate intake

Lloyds bends reality for graduate intake

13 October 2016  |  8918 views  |  0 comments | 12 tweets | 9 linkedin
Lloyds seeks head of fintech discovery

Lloyds seeks head of fintech discovery

20 September 2016  |  7378 views  |  0 comments | 15 tweets | 2 linkedin
Lloyds Bank launches mentoring service for fintechs

Lloyds Bank launches mentoring service for fintechs

18 July 2016  |  7703 views  |  0 comments | 15 tweets | 8 linkedin
Lloyds busts the coffee queue with WoraPay

Lloyds busts the coffee queue with WoraPay

02 June 2016  |  9348 views  |  7 comments | 6 tweets | 6 linkedin
Lloyds runs Digital Expert Days for marketing staff

Lloyds runs Digital Expert Days for marketing staff

23 May 2016  |  7250 views  |  0 comments | 6 tweets | 2 linkedin
'More Google than Gringotts': Explaining Lloyds' digital talent strategy

'More Google than Gringotts': Explaining Lloyds' digital talent strategy

14 April 2016  |  10649 views  |  0 comments | 17 tweets | 19 linkedin
Lloyds partners Google on data analytics

Lloyds partners Google on data analytics

04 March 2016  |  20699 views  |  0 comments | 40 tweets | 33 linkedin
Innovation types - Lloyds is hiring

Innovation types - Lloyds is hiring

01 March 2016  |  6268 views  |  2 comments | 1 linkedin
Lloyds launches Digital Banking Hub

Lloyds launches Digital Banking Hub

18 January 2016  |  20519 views  |  6 comments | 34 tweets | 35 linkedin
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  |  7647 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  |  8221 views  |  0 comments | 16 tweets | 10 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.abe-eba.euvisit www.niceactimize.com

Who is commenting?

A Finextra member Finextra Member Commented on: Real-time payments in...
A Finextra member Finextra Member Commented on: Barclays uses sensors...

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
12168 views comments | 26 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
10666 views comments | 22 tweets | 33 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10055 views 0 | 5 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
9924 views comments | 10 tweets | 8 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
9797 views comments | 21 tweets | 34 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job