Lloyd’s Banking Group Looks to Spend $4.2bn on Digitization

One of the UK’s biggest banks, Lloyd’s Banking Group, is planning to spend $4.2bn on digital transformation over the next 3 years; the bank is looking to go beyond just becoming more efficient as they said they are looking to also make the biggest ever investment in people; the move by Lloyd’s is part of a wider trend in banking where incumbents are investing heavily into digital. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.