Lloyds Banking Group

News

Lloyds Chief Urges UK Policymakers to Refrain From Encroaching on Banks’ Profits

The chief executive of Lloyds Banking Group made something like a warning statement to British politicians, describing measures such as a tax on unforeseen expenses of banks as thing that should be excluded amid expectations of a busy election year.

News

Lloyds Launches New Merchant Tools

British Lloyds Bank announced the expansion of cooperation with the FreedomPay commerce platform, which is focused on the consumer.

Finance & Economics

Lloyds Banking Group Continues to Close Its Branches

The last bank in the town of South Essex will close in August this year.

Fintech & Ecommerce

Lloyds Bank Launches PayMe for Instant B2B Payouts

Lloyds Bank has announced the launch of a new service through which businesses can make one-time payments in cases where there is no information about the details of the recipient.

Finance & Economics

Lloyds Bank to Move Trade Finance Documentation to Blockchain

Long-term partnership with Enigio will enable Lloyds Bank to digitise its trade finance documentation, delivering faster, more affordable, flexible, sustainable and secure blockchain solutions for its clients

Fintech & Ecommerce

Lloyds Invests £10 Million in Digital ID Firm Yoti

Lloyds Banking Group has invested 10 million pounds for the development of the digital identification company Yoti.

Finance & Economics

UK Banks Develop Shared Banking Hubs Network

Leading UK banks have formed a separate non-profit company to form a network of banking hubs across the country and provide cash access to local UK communities

News

Which? Investigation Found That Banks Are Vulnerable to Spoofing

Security failings at the largest British banks are leaving customers vulnerable to spoofing fraud when imposters impersonate legitimate companies

Finance & Economics

Lloyds Bank combined spending and savings in a new solution for kids

Smart Start from Lloyds Bank gives kids an opportunity to manage their money and get into the habit of saving

News

Lloyds Bank tops Barclays CBDC Hackathon

The Barclays CBDC Hackathon hosted nine teams addressing six key CBDC challenges. Lloyds Bank was awarded for its novel approach to the competition 

Finance & Economics

Nine in ten card payments are now contactless: Lloyds

Lloyds concluded that debit card spend made in person using contactless technology has grown from 65% to 87% in the last three years

Finance & Economics

Lloyds settles UK’s first digital promissory note purchase

Promissory notes have been around for 4000 years, but Lloyds Bank is bringing them into the 21st century, making UK’s first digital promissory note purchase

Countries

Number of scams linked to holiday bookings up by a third over the last year: Lloyds

Lloyds has told British sunseekers and staycationers to take care when booking a break this summer, with scams linked to holidays increasing by a third over the last year. Based on analysis of relevant scams reported to Lloyds Bank, fraud relating to flight bookings was up by 13% in the 12 months to March 2022. […]

Countries

New school year costs British parents over £180 per child

Also, nearly 1 in 10 pupils dream of becoming a teacher when they grow up

News

Lloyds to acquire investment and retirement platform business

Subject to regulatory approvals, the acquisition is expected to complete in Q4 2021

News

Mastercard partnered Lloyds Bank on Open Banking checkout solution

The solution is compatible with most retail bank accounts