FCA levies £90m penalty against Lloyds Bank General Insurance for misleading comms
Insurer offered “competitive pricing” the FCA found to be false.
Lloyds Banking Group
Lloyds announces 44 fresh branch closures, brings total up to 100
UK bank extends closure programme in response to customers moving online.
Lloyds hires former DBS Bank exec David Gledhill as new COO
Gledhill, who takes over in August, also spent 20 years with JP Morgan.
2020 review: 10 largest bank job cuts this year
This year has seen several job cut announcements.
Lloyds is world’s first bank live on Swift gpi instant
The payments network expects to roll out adoption across the globe.
Credit Suisse announces António Horta-Osório as new chairman
The outgoing Lloyds executive will join the Swiss bank in April.
Lloyds plans 1,040 job cuts to back office support staff
The figure brings Lloyds’s total cuts to 1,900 this year.
Lloyds commits to increase Black staff in senior roles
It employs 40 Black members of staff across its more than 7,000 strong senior exec team.
Lloyds signs customer experience deal with Google Cloud
UK bank to deploy Google cloud services to “improve customer experience.”
Lloyds, Virgin Money and Direct Line announce fresh job cuts
The three firms blame changing customer behaviour for the downsizing.
Lloyds Bank teams with Microsoft to speed up its digital transformation
The partnership is part of the bank’s £3 billion commitment to technology investments.
Open Banking Expo 2019: Innovation by regulation is a “flawed idea”
Panel believes that banks and partners can be trusted to innovate without deadlines.
Schroders Personal Wealth troubled by IT issues
The launch of the joint venture between Lloyds and Schroders have prompted widespread complaints from staff.
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 fights fraud with Callsign
The tech checks if the user is really who they claim to be.
Interview: Dan Makoski, Lloyds Banking Group – grand designs
“Design, like technology, is a strategic superpower that can be used to do incredibly bold things.”
Case study: the data that turned around banking giant Lloyds
How setting the right business KPIs can be the first step to turning around your business.
Video: fintech news weekly round-up – 28 May 2019
News on Facebook, Monzo, Transferwise, and more!
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 Banking Group launches voice ID for telephone banking
Nuance provides its voice authentication tech to Lloyds Bank, Halifax and Bank of Scotland.
Lloyds says Hello to Microsoft Windows 10 biometrics
Lloyds is working with Microsoft to test biometric authentication for customers logging into their Lloyds, Halifax and Bank of Scotland internet banking sites. The three organisations will use Windows Hello to get access to Windows 10 devices using a fingerprint or facial recognition. Devices will recognise the user, “rather than having to remember an assortment […]
Industry bodies look to harmonise ISO 20022 real-time payment implementation
Global interoperability of real-time payments systems will require harmonisation of market practices and standards. A group of international clearing houses, banks, vendors, payments associations and other parties have proposed setting up an activity to look at how to deliver this under the aegis of the International Standards Organisation – and set an ambitious target of collating an initial variant of ISO 20022 usage guidelines for real-time payments before the summer.
