Lloyds Banking Group, one of the leading financial services organizations in the UK, has announced its plans to establish a technology centre in Hyderabad, India. The centre aims to enhance the group’s digital capabilities and will be operational by the end of 2023. Lloyds Banking Group, which encompasses renowned brands such as Lloyds Bank, Halifax, and Bank of Scotland, intends to hire 600 professionals for this new venture.
Lloyds’ Group Chief Operating Officer, Ron van Kemenade, stated that the investment in Hyderabad’s tech centre reflects India’s emergence as a tech innovation powerhouse. The company recognizes India’s potential to meet customer needs and support its long-term growth strategy. As Lloyds expands its presence in the region, it anticipates ample opportunities in Hyderabad, benefiting from the city’s highly skilled engineers and robust technology ecosystem.
The establishment of the new captive in Hyderabad is part of Lloyds Banking Group’s broader strategic investment of £3 billion over the next three years, aimed at transforming its digital offerings. Initially, the group aims to fill 600 positions in the fields of technology, data, and cybersecurity. These roles will be pivotal in leveraging technology, digital data, and analytics capabilities to drive innovation and ensure end-to-end product delivery.
Similar to other banking captives, Lloyds Banking Group’s centre in Hyderabad will not provide banking services within the country. Instead, it will concentrate on harnessing technology, digital data, and analytics to foster innovation and facilitate efficient product delivery.
Find More News Related to Banking
India and France have been elected as President and Co-President of the International Solar Alliance…
DOS stands for Disk Operating System. It is an operating system that was widely used…
The ocean is home to some incredible creatures, and jellyfish are among the most fascinating.…
Madhya Pradesh, located in central India, is known for its rich history and diverse culture.…
India, one of the rapidly growing economies, boasts numerous billionaires who have made significant marks…
The Real-Time Billionaire List, an annual compilation by Forbes Magazine, is a renowned roster detailing…