Lloyds Bank Announces Edinburgh Tech Hub Amid Competition From Monzo And Revolut [Forbes]
Lloyds Banking Group Plc American Depositary Shares (LYG)
US:NYSE Investor Relations:
lloydsbankinggroup.com/investors
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Source: Forbes
Lloyds Bank Announces Edinburgh Tech Hub Amid Competition From Monzo And Revolut Lloyds Banking Group (LBG) has announced it intends to create a new digital tech hub for 500 staff in the Scottish capital of Edinburgh. The 254-year-old British bank, which is facing increasing competition from new fintech startups like Monzo, Revolut and Starling, said it has started hiring software engineers and data scientists to develop new technologies for its customers. British banks have been closing high street branches in recent years as the general public embraces online banking and app-based banking. Last April, Lloyds said it was shutting 49 branches announced dozens The Lloyds tech hub is part of a £3 billion investment into digital Philip Grant, chair of Lloyds' Scottish executive committee, said: "People’s expectations are rising rapidly as they want the same experience they're used to with established digital brands. In our tech labs, we are designing what customers will need in the futu
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News
- Lloyds Bank plc: 2024 Q1 Interim Management Statement [Yahoo! Finance]Yahoo! Finance
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- Lloyds profits drop 28% after bumper 2023 [Yahoo! Finance]Yahoo! Finance
- FTSE 100 extends record run on earnings optimism [Reuters]Reuters
- UK businesses must prioritise payment technology to build customer loyalty and stay competitive: New research from Lloyds Bank and FreedomPay [Financial Post (Toronto, Ontario, Canada)]Financial Post
LYG
Sec Filings
- 4/24/24 - Form 6-K
- 4/24/24 - Form 6-K
- 4/24/24 - Form 6-K
- LYG's page on the SEC website