Lloyds BankRSS

UK banks simplify accounting for SMEs

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We have a double delight as Sage and Lloyds, and Xero and Santander are making accounting simpler for UK SMEs. Sage, a cloud accounting, payroll and payments solutions software provider, says Lloyds Bank is the latest in a line of banks to go live with its Bank Feeds service. The service helps businesses by enabling […]

Lloyds Bank’s new bookkeeping service is a keeper

Lloyds tech gallops offshore

Lloyds Bank has launched a new service to help businesses manage their bookkeeping without manual intervention. Called Lloyds Bank Direct Bank Feed it allows clients to receive their statement information directly into their accounting software – “eliminating the need for businesses to manually input their bank statements and reduce the time spent reconciling accounts”. Steve […]

Lloyds Bank target of Trickbot banking trojan

Cyber crime

Trickbot is back, new and improved, and is targeting customers of Lloyds Bank in the UK in a new phishing campaign, according to cybersecurity specialist Cyren.

Four UK banks sign up for VocaLink’s Zapp app

zapp

Four of the UK’s biggest high street banks have signed up to launch Zapp’s “Pay by Bank app” mobile payment service. Bank of Scotland, Barclays, Halifax and Lloyds Bank are working with Zapp, VocaLink’s payments innovation team, to deliver the service. David Yates, CEO VocaLink, says the gang of four join a “growing number of […]

Lloyds launches digital analytics innovation team

google

Lloyds Banking Group has created an in-house digital analytics team in the UK. This was in “partnership” with ASI (Advanced Skills Institute) and Google. However, the Lloyds’ team does not include any staff from Google. The bank tested Google’s big data platform technologies and analytics on non-personal behavioural data using a “secure” Lloyds account on […]

Lloyds to plough £1 billion into digital banking

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Lloyds Bank plans to invest £1 billion in digital banking capability over the next three years, re-investing a third of the savings it hopes to make in its drive to become ‘simpler and more efficient’.

Lloyds to allow photo uploads as ID for account opening

ID-driver

Lloyds Banking Group is to allow customers to upload images of identification documents required as part on an online account opening application, removing the need to visit a branch.
Initially the new electronic identification and verification checks, which will start to be rolled out to customers from next week, will be available to customers who want to add an additional party to an existing account.

Lloyds closures highlight shift to digital banking

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Lloyds Banking Group’s decision to close 200 branches and axe 9,000 staff was to be expected – but the firm’s digital plans highlight the changing nature of retail banking and the bank branch in general.

Starting over: Lloyds Banking Group’s transaction banking ambitions

Interview Ed smith

While a great deal of attention has been given to Lloyds Banking Group’s retail operations as its various elements are split up, less has been given to its activities in transaction banking, where it is “one year into a three-year journey” to transform itself and its customer offerings to create“the best global transaction bank in this region”.

Power to the people

payments

The growth of peer to peer lending demonstrates that there is an alternative to the traditional lending model of banks. But can crowd funders ever replace the incumbents and do they enjoy long-run advantages or face being co-opted?

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