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Lloyds Bank partners with WaveBL

News | Online & Mobile Banking | 26 Feb 2024

Lloyds Bank has joined the WaveBL electronic trade documentation platform, to unlock new trade efficiencies and sustainability benefits for its clients by using eBLs. 

banking, digital banking, digitalisation, partnership

Lloyds Bank report shows a 22% increase in romance scams

News | Digital Identity, Security & Online Fraud | 05 Feb 2024

Lloyds Bank has released its latest data on romance scams and it shows that the number of people falling victim to these scams has increased by 22% in 2023 compared to the previous year. 

report, romantic scam, fraud prevention, money scam, payment fraud

Iran's sanctions-avoiding efforts involve two UK banks

News | Digital Identity, Security & Online Fraud | 05 Feb 2024

The Financial Times has obtained documents that showcase Iran’s efforts to evade sanctions by using accounts at two of the UK’s largest banks.

banks, financial sanctions, regulation, compliance

Lloyds Bank launches in app passport scanning feature

News | Online & Mobile Banking | 28 Nov 2023

UK-based retail banking company Lloyds Bank has enabled its customers to support their bank account application by scanning the chip in their passport via the bank’s app.

digital onboarding, NFC, identity verification, product upgrade, mobile banking

Lloyds Bank augments its payments suite with FreedomPay

News | Payments General | 12 Oct 2023

UK-based retail banking company Lloyds Bank has partnered with commerce platform FreedomPay to offer clients a suite of fast, efficient, and secure payments.

ecommerce, cross-border payments, cross-border ecommerce, payment methods, payment processing

Lloyds Bank develops digital trading solution

News | Payments General | 10 Oct 2023

UK-based retail banking company Lloyds Bank has developed a digital trading solution that aims to support businesses to transact more efficiently. 

online banking, trade finance, online platform, product launch, carbon footprint

Lloyds Bank teams up with BlackRock

News | Cryptocurrencies | 03 Oct 2023

Lloyds Bank has entered a partnership with BlackRock’s iShares for the launch of an Exchange Traded Fund service for the retail investor market. 

cryptocurrency, retail, investment, digital assets, cryptocurrency exchange

Yoti launches digital ID app with Lloyds Bank

News | Digital Identity, Security & Online Fraud | 02 Oct 2023

UK-based digital identity company Yoti has released a new digital ID app in partnership with Lloyds Bank

product launch, online security, identity verification, identity fraud, digital identity, fraud prevention, digital verification, biometric authentication

Visa partners with Lloyds Bank

News | Online Payments | 28 Sep 2023

Visa has partnered with UK-based retail banking company Lloyds Bank to launch a new virtual card solution for businesses of all sizes. 

partnership, virtual card, online payments, financial services, product launch, online security, payment methods

Lloyds Bank partners with Fiserv

News | Online & Mobile Banking | 19 Sep 2023

UK-based retail banking company Lloyds Bank has partnered with US-based provider of payments and financial services technology Fiserv.

partnership, banks, financial institutions, FX

Lloyds Bank launches the PayMe transfer system

News | Online Payments | 20 Apr 2023

UK-based Lloyds Bank has launched the PayMe transfer system to streamline one-off payments for businesses and improve customer service.

product launch, online payments, banks, customer experience

Lloyds Bank partners with Enigio

News | Online & Mobile Banking | 05 Apr 2023

Lloyds Bank has partnered with Enigio to provide the usage of digital documentation in the trade finance industry by making use of blockchain technology. 

partnership, product launch, online banking, banks, digital banking, trade finance, blockchain

Lloyds invests GBP 10 mln in Yoti's digital ID solution

News | Digital Identity, Security & Online Fraud | 13 Mar 2023

Lloyds Banking Group has invested GBP 10 million into digital ID company Yoti to develop its app-based identity verification software, which is launching later in 2023.

identity verification, digital identity, funding, digital onboarding

Lloyds Bank and Castelnau Group to invest in Ocula

News | Online & Mobile Banking | 06 Mar 2023

Artificial intelligence provider company Ocula Technologies has received investment funds from two financial institutions, Lloyds Bank and Castelnau Group.

partnership, investment, online banking, digital banking, artificial intelligence, financial services, financial institutions, banks

Lloyds Bank to close two of its branches

News | Online & Mobile Banking | 15 Feb 2023

Lloyds Bank has confirmed that two of its branches in Sussex (Beach Road in Littlehampton and The Street in Rustington) will close in May and June of 2023.

banks, online bank, regulation, ATM, digitalisation

Acin data network closes USD 24 mln in Series B funding

News | Digital Identity, Security & Online Fraud | 21 Dec 2022

UK-based operational risk control data network Acin has closed USD 24 million in Series B funding from a consortium of banks including JP Morgan, Citi, BNP Paribas, Barclays, and Lloyds Banking Group.

financial data, data sharing, data protection, data aggregation, funding, financing

Lloyds Bank warns against online fraud

News | Digital Identity, Security & Online Fraud | 19 Dec 2022

UK-based Lloyds Bank has warned over a new scam that is increasing in popularity and takes place online.

fraud prevention, online shopping, ecommerce, scam

Lloyds Bank, Legal & General take stakes in Moneyhub

News | Online & Mobile Banking | 31 Oct 2022

Lloyds Banking Group and Legal & General have decided to take minority stakes in UK-based Open Banking platform Moneyhub, according to BusinessLive.

Open Banking, Open Data Economy, Open Finance, investment

Moneyhub secures GBP 40 million in funding

News | Online & Mobile Banking | 24 Oct 2022

Moneyhub, an Open Finance platform, has secured an initial GBP 35 million in funding from high profile backers Legal & General and Lloyds Banking Group.

funding, banks, Open Finance, investment, Open Data Economy

Lloyds Banking Group launches its Innovation Sandbox

News | Payments General | 20 Oct 2022

Lloyds Banking Group (LBG) has launched its Innovation Sandbox to accelerate LBG’s collaboration with fintechs and improve their digital products.

banks, product launch, fintech, partnership, digitalisation