Tagged: lloyds banking group

Number of Growing UK Sectors Reaches 10-Month High, Lloyds Banking Group Report Claims

The number of UK sectors reporting output growth hit a 10-month high in February, with companies indicating rising demand and spreading business optimism, according to the latest Lloyds Bank UK Sector Tracker. In February, 10 of the 14 UK sectors monitored by the Tracker reported… Read More

UK’s Lloyds Banking Group Enters Corporate Power Purchase Agreement with Low Carbon

Lloyds Banking Group has signed a corporate Power Purchase Agreement (PPA) with global renewable energy company, Low Carbon. Through the 10-year agreement, the Group will “purchase 50 GWh of clean electricity annually, the equivalent of powering more than 14,000 homes.” The energy will be generated… Read More

UK’s Lloyds Banking Group Teams Up with Dynatrace, a Unified Observerability and Security Firm

Dynatrace (NYSE: DT), which claims to be among the leaders in unified observability and security, has recently announced that it is working with Lloyds Banking Group, which is reportedly one of the UK’s largest financial services providers, in order “to measure the environmental carbon impact… Read More

Fraudulent Activities: UK Purchase Scams Rising by 42%, Compared to Last Year – Report

Thousands of people hunting for tickets, cars, pets, and much more were tricked into handing money over to fraudsters this year, “with purchase scams rising by more than two fifths (42%), compared to last year,” according to an update from Lloyds Banking Group. Last month,… Read More

UK’s Lloyds Banking Group Adopts Fintech Platform PrimaryBid’s Fuse Solution to Expand Access to Capital Markets

Lloyds Banking Group is reportedly the first UK bank to adopt fintech platform PrimaryBid’s Fuse platform in order “to expand access to UK capital markets transactions for customers.” This partnership will enable significantly greater participation “for customers of Halifax Share Dealing, Lloyds Bank, Bank of… Read More

Lloyds Banking Group Shares Insights on Stalling Efforts to Decarbonize the UK’s Housing Stock

Lloyds Banking Group, a UK based financial services group, has released the first Housing Stocktake 2023 report sharing insights on “the stalling efforts to decarbonize the UK’s housing stock.” In the UK, homes are one of the highest emitting sectors, “with the 28 million residential… Read More

UK Business Confidence Rebounds After September Slump – Report

Business confidence in the UK rose to 39% in October, “a three-point increase, to reach the second highest level in 2023–surpassed only in August (41%),” according to an update shared by Lloyds Banking Group. The confidence level this month is “significantly above the long-term average… Read More

Business Confidence in the UK Fell Last Month, as Firms Report Decline in Trading Prospects

Business confidence in the UK fell to 36% in September, “a five point dip from the 18-month high (41%) recorded in August, as companies saw a decline in both economic optimism and trading prospects for the year ahead.” This, according to an update shared by… Read More

Lloyds Banking Group Invests €3M in Enigio to Support Digital Documentation in Trade

Lloyds Banking Group has invested €3 million in technology company Enigio to expand its use of digital documentation in trade. The €3 million investment will allow Enigio “to expand its bespoke solution, trace:original, which removes the need to physically transfer paper documentation within trade transactions.”… Read More

Fennech Financial Raises £2.3M via Round Led by Lloyds Banking Group

Fennech Financial, an innovator in the financial technology sector, is pleased to announce that it has successfully raised £2.3 million in its latest round of funding. The investment round was “led by Lloyds Banking Group, who contributed a substantial £2 million, alongside some high-profile individual… Read More

Lloyds Banking Group Invests £4M in Car Management App Caura for UK Drivers

Lloyds Banking Group has invested £4 million in Caura, an all-in-one motoring app designed to take the hassle out of car ownership. Caura for iOS and Android “provides a single, highly intuitive interface for all driving related payments.” It serves “the 30 million motorists in… Read More

Risk Management Firm Acin Receives Investment from JP Morgan, Citi, BNP Paribas, Barclays, Lloyds Banking Group

Acin, the global operational risk control data network, announced it has closed $24 million in Series B funding from a strategic consortium of banks, “comprised of JP Morgan, Citi, BNP Paribas, Barclays, and Lloyds Banking Group.” The investment round was also “supported by existing investors… Read More

Moneyhub Secures £35M from Legal and General, Lloyds Banking Group

Moneyhub, an Open Finance, Open Data, and payments platform, announced that it has secured “an initial £35m in funding from high profile backers Legal & General and Lloyds Banking Group, with an additional £5m debt facility provided by Shawbrook. Legal & General’s investment is partially… Read More

Lloyds Banking Group Accelerates Fintech Engagement with Innovation Sandbox

Lloyds Banking Group has introduced Innovation Sandbox in order “to accelerate its collaboration with Fintechs and improve the digital products and services it offers to customers.” Innovation Sandbox will reportedly “help the Group bring a variety of Fintech opportunities through the design and test cycle… Read More

UK Fintech Form3 Acquires $160M via Series C Led by Growth Equity Business within Goldman Sachs

Form3, the platform payment tech provider, has revealed that its Series C investment funding of $160 million has been finalized. Form3‘s investment round has been led by the Growth Equity business within Goldman Sachs Asset Management and included contributions from existing investors. This brings the… Read More

MonetaGo Provides Solution to Address Duplicate Financing Fraud in Global Trade Finance Industry

MonetaGo, a Fintech-focused services provider, reveals that it has created a platform to address financing fraud in the trade finance sector on an international level. The trade finance industry has been impacted by duplicate financing fraud. In these types of cases, companies can acquire financing… Read More

Lloyds Banking Group to Appoint David Gledill as Chief Operating Officer, Effective Aug 2021 after Regulatory Approval

Lloyds Banking Group plc (LON: LLOY), a British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009 and one of the UK’s largest financial services organizations, with 30 million customers and 65,000 employees, has confirmed that David Gledhill will be joining… Read More

Lloyds Banking Group and Fintech Scotland to Support High-Potential Startups and Early-Stage Businesses

Lloyds Banking Group, which owns the Bank of Scotland, has introduced the next phase of its plan to support Scotland’s Fintech workforce. According to Lloyds, Scotland has the fastest-growing digital economy after London. The Lloyds Banking Group will be working cooperatively with Fintech Scotland in… Read More

Lloyds Bank to Shut Down 56 Branches, Cut 160 Jobs As Consumers Increasingly Using Digital Banking Services Following COVID-19 Outbreak

Lloyds Bank, a British retail and commercial bank with branches across England and Wales with around £436 billion in assets, is reportedly planning to shut down 56 physical branch locations. The Lloyds Banking Group confirmed that it had been planning to close some of its… Read More

Fintech Firm Thought Machine, a Core Banking Tech Provider, Secures $42 Million in Additional Capital as Part of $125 Million Series B

Thought Machine, a core banking technology firm, has acquired an additional $42 million in capital as part of its massive Series B round – which brings the total funds raised during the round to $125 million. Thought Machine had secured $83 million via the Series… Read More

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