Lloyds Bank partners Enigio to boost trade finance digitisation
Enigio’s solution creates digital documents that can be used where an ‘original’ document is required.
Lloyds Bank
Lloyds Bank partners Billhop for B2B payments
The bank’s corporate clients will now be able to pay any invoice using a Lloyds Commercial Card.
Sibos 2022: Is paperless trade within our grasp?
Digital trade finance has the potential to transform how we do business across borders.
Banking hubs set to open in 13 locations across UK
The increase in shared banking hubs comes as retail banks continue to pull out of the country’s high streets.
AJ Bell taps Lloyds for FundBy Bank payment solution
The solution will offer users an alternative to funding transactions through card payments or online banking.
FinTech Futures: Top five stories of the week – 1 April 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Lloyds Banking Group to shutter 60 UK branches
Of the 60 closures, 24 are Lloyds Bank branches, 19 are Bank of Scotland and 17 are Halifax.
APIs, open banking and the changing face of financial services
The pandemic played a substantial role in boosting the adoption of open banking and APIs.
UK banks hit by mobile and online banking disruption this morning
Lloyds Bank, Halifax and Bank of Scotland have seemingly experienced service disruption.
Lloyds to acquire savings firm Embark Group in £390m deal
UK bank aims for “top three” position in the retirement and savings market.
FCA levies £90m penalty against Lloyds Bank General Insurance for misleading comms
Insurer offered “competitive pricing” the FCA found to be false.
Design as a strategic superpower in banking
Design-led change is a collaborative process in which personal relations are a key driver.
Lloyds CEO António Horta-Osório to step down in 2021
“Mixed emotions” for Horta-Osório as Lloyds announces new chairman.
Dissecting banking technology trends in 2020
This year will be one of continued disruption and evolution in banking technology.
Barclays customers suffer most internet banking incidents
There were 21 operational and security incidents within a year.
Trov partners with Lloyds and launches white-label insurtech platform
Later this year, Trov and Lloyds Banking Group will release an insurance product on the ‘Powered by Trov’.
Lloyds Bank picks Optal for smooth B2B payments
The bank’s commercial clients will be able to pay suppliers more easily.
Trade finance standardisation project backed by 14 giants
The project seeks technology use and standardisation for the wider distribution of trade finance assets.
Lloyds customers leverages Open Banking for iwoca loans
Integrations with Barclays, HSBC, RBS, Santander and others are imminent, iwoca says.
Sibos 2018: Alpha-bets G-L
A quick look at four fintech firms that are worth keeping an eye on at the Sibos show.
Top fintech stories this week – 12 October 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Lloyds Bank cutting 930 jobs
Within its commercial banking, community banking, insurance, and wealth and risk management.
UK banks simplify accounting for SMEs
We have a double delight as Sage and Lloyds, and Xero and Santander are making accounting simpler for UK SMEs. Sage, a cloud accounting, payroll and payments solutions software provider, says Lloyds Bank is the latest in a line of banks to go live with its Bank Feeds service. The service helps businesses by enabling […]
Lloyds Bank’s new bookkeeping service is a keeper
Lloyds Bank has launched a new service to help businesses manage their bookkeeping without manual intervention. Called Lloyds Bank Direct Bank Feed it allows clients to receive their statement information directly into their accounting software – “eliminating the need for businesses to manually input their bank statements and reduce the time spent reconciling accounts”. Steve […]
Lloyds Bank target of Trickbot banking trojan
Trickbot is back, new and improved, and is targeting customers of Lloyds Bank in the UK in a new phishing campaign, according to cybersecurity specialist Cyren.
Four UK banks sign up for VocaLink’s Zapp app
Four of the UK’s biggest high street banks have signed up to launch Zapp’s “Pay by Bank app” mobile payment service. Bank of Scotland, Barclays, Halifax and Lloyds Bank are working with Zapp, VocaLink’s payments innovation team, to deliver the service. David Yates, CEO VocaLink, says the gang of four join a “growing number of […]
Lloyds launches digital analytics innovation team
Lloyds Banking Group has created an in-house digital analytics team in the UK. This was in “partnership” with ASI (Advanced Skills Institute) and Google. However, the Lloyds’ team does not include any staff from Google. The bank tested Google’s big data platform technologies and analytics on non-personal behavioural data using a “secure” Lloyds account on […]
Lloyds to plough £1 billion into digital banking
Lloyds Bank plans to invest £1 billion in digital banking capability over the next three years, re-investing a third of the savings it hopes to make in its drive to become ‘simpler and more efficient’.
Lloyds to allow photo uploads as ID for account opening
Lloyds Banking Group is to allow customers to upload images of identification documents required as part on an online account opening application, removing the need to visit a branch.
Initially the new electronic identification and verification checks, which will start to be rolled out to customers from next week, will be available to customers who want to add an additional party to an existing account.
Lloyds closures highlight shift to digital banking
Lloyds Banking Group’s decision to close 200 branches and axe 9,000 staff was to be expected – but the firm’s digital plans highlight the changing nature of retail banking and the bank branch in general.
Starting over: Lloyds Banking Group’s transaction banking ambitions
While a great deal of attention has been given to Lloyds Banking Group’s retail operations as its various elements are split up, less has been given to its activities in transaction banking, where it is “one year into a three-year journey” to transform itself and its customer offerings to create“the best global transaction bank in this region”.
Power to the people
The growth of peer to peer lending demonstrates that there is an alternative to the traditional lending model of banks. But can crowd funders ever replace the incumbents and do they enjoy long-run advantages or face being co-opted?
The name’s Paym – UK Payments Council names mobile service
The mobile payments system planned by the UK Payments Council will be branded Paym. The Council says that it will announce the go-live date next month and final testing is on track.
Estimating Libor damage past – automating index surveillance future
In the wake of scandals involving manipulation of market indices, can statistical learning theory be used to detect and fix anomalies in Libor and other market indices?
Lloyds partnership marks start of overseas extension
Lloyds Banking Group’s partnership with Standard Chartered Bank, announced this week, is likely to be the first of a series of such deals intended to allow the UK-focused bank to extend its client services overseas.
Payments: the final push
For those involved in European payments, the final months of this year are likely to be characterised by a frenzy of activity as the deadline for migration to single euro payments area instruments looms.
