Search Results for "Lloyds Banking Group"
5 results for "Lloyds Banking Group"
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Five UK Banks Pilot Bank Accounts for Homeless Without Fixed Address
Lloyds, NatWest, Barclays, Nationwide, and Santander partnered with charity Shelter to pilot bank accounts for homeless individuals, waiving fixed address requirements. The initiative is part of the UK's Financial Inclusion Strategy. It demonstrates embedded finance principles applied to underserved populations.
Thought Machine Raises $83M Series B for Cloud-Native Core Banking
UK-based BaaS provider Thought Machine raised $83 million in a Series B round led by Draper Esprit. Existing investors Lloyds Banking Group, IQ Capital, Playfair Capital, and Backed also participated. The funding supports global expansion including a new US office and entry into North America, Australia, and Japan.
Lloyds Banking Group Taps Thought Machine for Cloud Core Banking Migration
Lloyds Banking Group announced plans to migrate customers from its legacy Intelligent Finance division to Thought Machine's cloud-based core banking platform. The move addresses growing risks from mainframe skills shortages and legacy IT dependencies. This partnership signals a major UK high-street bank's commitment to cloud-native core banking infrastructure powered by a fintech provider.
Lloyds Banking Group Explores Thought Machine's Cloud-Native Core Banking Platform
Lloyds Banking Group began exploring Thought Machine's cloud-native Vault core banking platform as part of a broader technology transformation. IBM serves as the global implementation partner for the deployment. The initiative aims to replace legacy core banking infrastructure with modern cloud-based systems capable of handling billions of transactions daily.
Accenture FinTech Innovation Lab London Launches Sixth Cohort with 32 Bank Sponsors
Accenture launched the sixth cohort of its FinTech Innovation Lab London on January 2, 2018, pairing 20 shortlisted fintech startups—including a dedicated RegTech stream—with executives from over 32 major financial institutions. Sponsor banks included Citi, Goldman Sachs, HSBC, JPMC, Lloyds, Morgan Stanley, Santander, UBS, and others. The program focuses on solutions for PSD2, GDPR, MiFID II compliance, fraud detection, and blockchain security.