Lloyds Banking Group has added Google to a roster of cloud-computing providers enlisted to support its £3bn transformation programme.
The 254-year-old bank committed to the tech overhaul in February 2018 in a bid to cut costs and keep pace with challenger banks such as Monzo, Revolut and Starling.
As part of the programme, the banking group, which includes Lloyds, Halifax and the Bank of Scotland, has now signed a five-year deal with Google Cloud to deploy a range of services to aid its app development and open banking work.
The group’s transformation director, Zaka Mian, said the partnership – the value of which hasn’t been disclosed – would enable the organisation to bring “new services to our customers quickly and at scale”.
“The collaboration will combine expertise, explore the new technologies that are reshaping the industry and offer the potential for quicker and easier customer transactions,” Mian added.
Thomas Kurian, Google Cloud’s CEO, said banking customers’ expectations were rising: “[They] expect secure access to their funds, without downtime, and delivered through the modern experiences they receive in other aspects of their…
