Tagged: lloyds banking group

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

Lloyds Bank to Acquire Minority Stake in Form3, a Cloud enabled Payments Technology Provider

Lloyds Bank, a British retail and commercial bank with branches across England and Wales with around £436 billion in assets, will be acquiring a minority stake in Form3, a cloud-powered payments technology provider. The acquisition is part of Lloyds’ plans to upgrade its legacy payments… Read More

Insurtech: Lloyds Chooses 12 Promising Insurance Technology Firms to Take Part in its Accelerator Program, Lloyds Lab

The Lloyds of London has reportedly chosen 12 promising, early-stage Insurtech firms to take part in its innovation accelerator program, called Lloyds Lab. The 12 insurance technology startups were chosen out of over 90 companies that had submitted applications, as they were interested in participating… Read More

Visa’s UK-Wide “Access to Cash” Program to Provide Retailers a Fee for Handling OTC Cashback Transactions

Payments giant Visa is reportedly set to take its “access to cash” program industry-wide by teaming up with several financial institutions, in order to provide high street retailers in remote areas a fee for handling over the counter (OTC) cashback transactions. The launch of the… Read More

Trov Partners With Lloyds Banking Group to Launch White-Label Renters Insurance Application

Trov, a U.S.-based insurtech company, announced on Tuesday it has launched a new white-label renters insurance application app with Lloyds Banking Group. This news comes just a few months after the duo teamed up to launch Trov’s insurtech platform.  Trov reported that its technology enables… Read More

UK-based Fintech Thought Machine Launches Customizable Smart Contracts for Repayments

London-based Thought Machine, a Fintech firm that aims to address the banking sector’s dependence on legacy IT infrastructure, revealed on November 6 that it’s launching “Vault Rare.”  Vault Rare is a new product that will be integrated on top of Thought Machine’s cloud-native banking platform,… Read More

Trov Debuts White-Label Insurtech Platform; Forms New Partnership With Lloyds Banking Group

Trov, a U.S.-based insurtech company, announced on Thursday it is officially launching its platform that provides end-to-end digital, white-labeled insurance products designed to be rapidly deployed by financial organizations and insurers. Along with the platform, Trov also reported it has formed a partnership with Lloyd’s Banking… Read More

Mondo’s Tom Blomfield Weighs In on Lloyds Banking Group Acquisition Rumors

Following the announcement that Mondo is planning to change its unique name, digital only challenger bank is now dealing with rumors that it may be acquired by London-based, Lloyds Banking Group. As previously reported, Mondo Bank secured £1 million from investors through its Crowdcube initiative in… Read More

Mercator Advisory Group’s Research Reveals: Peer-to-Peer Lending Platforms Revolutionizing Traditional Practices

Mercator Advisory Group’s latest research, An Introduction to Peer-to-Peer Lending: A European Perspective analyzes the new and fast growing payments segment peer-to-peer (P2P) lending and the business models underpinning it. The report focuses on P2P lending providers in the European market, in particular the U.K., profiling the leaders… Read More

Julian Knight: Peer-to-peer lending is the future but users must take care

Zopa are expecting a doubling in the market for peer-to peer lending in 2013 as consumers and small businesses in particular turn their back on the traditional high-street banks. Disillusionment is one reason for this and so, it seems, are the terrible returns on savings… Read More

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