Lloyds app now lets customers see accounts from other banks

Lloyds app now lets customers see accounts from other banks

Lloyds Banking Group has joined the Open Banking scrum, enabling customers to see their current accounts from other providers from within its app.

The new feature, which was rolled out for Bank of Scotland users in December, is now also available to millions of Lloyds Bank and Halifax customers.

It means that customers can securely see their current accounts from six other providers - including HSBC, RBS and Barclays - without having to go through multiple logins.

Users enter the app, choose the account provider, log on to the service and select the accounts that they want to share. Once they’ve completed the security process, they’ll have instant access to their accounts and transactions in one place.

Barclays rolled out a near-identical feature in September, while HSBC has introduced a similar offering, although its effort is via a standalone app.

Stephen Noakes, transformation director, Lloyds Banking Group, says: "Bringing Open Banking technology into our apps is the next step in a series of exciting new features designed to make it easier for customers to manage their money online."
Editorial | what does this mean?
This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

Comments: (0)

Featured Job
All Jobs »
London, UK

Sales Director, Strategic Accounts, Post-Trade Solutions / Managed Services (London, UK)

Guide: Six-Figure Base + commission (double ote), benefits

30 Jan