Lloyds Banking Group collaborates with Red Hat to adopt modern open source engineering practices
Lloyds Banking Group is collaborating with US-based open source solutions provider Red Hat to enhance “developer experience, software quality, and speed to market” through the efficient adoption of InnerSource practices.
Lloyds Banking Group collaborates with Red Hat
The new partnership is being driven by Lloyds Banking Group’s Open Source Program Office (OSPO), a unit within the bank tasked with developing and implementing an open source strategy, supplying internal training and tooling, and overseeing collaboration with external organisations.
OSPO has turned to Red Hat to support its adoption of InnerSource practices, which entails leveraging modern open source practices for in-house tech development and implementation, with the goal to “maximise business value” from the banking group’s engineering teams.
Together, the two companies state that they are developing InnerSource frameworks to help “standardise contributor roles and streamline processes, improving efficiency and product quality”.
In addition, the financial services group, which claims to support 21.5 million digitally active customers, anticipates that the partnership will aid in shaping a strategy that integrates the “right tools, training, and incentives” to implement modern engineering practices and an “InnerSource culture”.
Commenting on the new collaboration, Pooi Ling Cheong, OSPO lead at Lloyds Banking Group, says: “Our InnerSource journey is key to ensure we have an empowered and more productive developer community.
“Working with Red Hat will help us accelerate our adoption of InnerSource practices across the group, so we can better deliver on our goals and objectives, and deliver better products and services to our customers, more quickly.”
Earlier this year, as part of its digital strategy, Lloyds Banking Group partnered UK fintech ApTap for its bill management solution to help Halifax and Lloyds Bank mortgage customers manage their household bills.
