{"id":547991,"date":"2023-06-22T07:04:56","date_gmt":"2023-06-22T06:04:56","guid":{"rendered":"https:\/\/ibsintelligence.com\/?post_type=ibsi_news&p=547991"},"modified":"2023-06-22T07:04:56","modified_gmt":"2023-06-22T06:04:56","slug":"lloyds-banking-group-to-invest-in-new-technology-centre-in-india","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/lloyds-banking-group-to-invest-in-new-technology-centre-in-india\/","title":{"rendered":"Lloyds Banking Group to invest in new technology centre in India"},"content":{"rendered":"

\"LloydsLloyds Banking Group<\/a>, one of the UK\u2019s largest financial services groups, announced its decision to invest in a new technology centre in the Knowledge City district of Hyderabad, India.<\/p>\n

Operating as part of Lloyds Banking Group, Lloyds Technology Centre forms part of the Group\u2019s \u00a33 billion strategic investment over the next three years to transform its digital offering. It will initially employ around 600 highly skilled specialists in technology, data and cyber security roles as it further enhances the Group\u2019s customer experience and builds its in-house technical capability.<\/p>\n

Ron van Kemenade, Group Chief Operating Officer, Lloyds Banking Group <\/strong>said, “Our investment in the new technology centre in Hyderabad reflects India’s rise as a tech innovation powerhouse, which we hope to utilise to meet customers\u2019 changing needs and support our long-term growth strategy.<\/p>\n

\u201cThis is also an exciting time for us as we drive a major technology transformation across our business. As we grow our presence in the area, and create additional roles, there will be a wealth of opportunities in Hyderabad especially given its highly talented engineers and impressive technology ecosystem. We are looking for brilliant people, who want to grow their skills, innovate for our people and customers, and support our sustainable growth.\u201d<\/p>\n

Shri K. T. Rama Rao, IT and Industries Minister and MA&UD, Telangana<\/strong> said, “Telangana continues to be a preferred global destination for IT\/ITES exports, owing to its exceptional tech talent, and the government’s dedicated efforts towards world-class infrastructure and a business-friendly environment. It was great to meet representatives from Lloyds Banking Group only a couple of months ago while visiting London and we express our gratitude and extend a warm welcome to Lloyds Banking Group for selecting Hyderabad, Telangana to build their tech and data talent, and their commitment to India.”<\/p>\n

Lloyds Technology Centre will not provide any banking services but will focus on using technology and digital, data and analytics capabilities to drive innovation and end-to-end product delivery and is a step forward in the Group\u2019s approach to international resourcing.<\/p>\n

The Group’s commitment to promoting diversity and contributing to India’s economic development will support the government\u2019s digital mission in the region. Recruitment is currently underway for the leadership team, alongside broader recruitment ahead of opening the technology centre later this year.<\/p>\n","protected":false},"author":16,"featured_media":530690,"parent":0,"template":"","categories":[11395,11383,11375,11376],"tags":[11548,11409,12842,11404,36465,13582,36467,36466,11406],"class_list":["post-547991","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-analytics","category-big-data","category-cybersecurity","category-digital-banking","tag-customer-experiences","tag-digital-transformation","tag-fraud-prevention","tag-india","tag-knowledge-city-district","tag-lloyds-banking-group","tag-lloyds-technology-centre","tag-technology-centre","tag-uk"],"acf":[],"yoast_head":"\nLloyds Banking Group to invest in new technology centre in India<\/title>\n<meta name=\"description\" content=\"Lloyds Banking Group, one of the UK\u2019s largest financial services groups, announced its decision to invest in a new technology centre in...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/lloyds-banking-group-to-invest-in-new-technology-centre-in-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lloyds Banking Group to invest in new technology centre in India\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. 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