Lloyds Banking Group to invest in new technology centre in Hyd

UK-based Lloyds Banking Group will invest in a new technology hub in Hyderabad.

The group, which operates the UK’s largest digital bank and has more than 20 million digitally active users, plans to expand its digital capacity with the opening of its new technology center later this year.

The Lloyds Technology Center operates as part of the Lloyds Banking Group, and forms part of the group’s £3 billion strategic investment over the next three years to transform its digital offering.

It will initially hire around 600 highly skilled professionals in the areas of technology, data and cybersecurity as it enhances the group’s customer experience and builds its in-house technical capacity, according to Issuance.

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Ron van Kemenade, Chief Operating Officer of Lloyds Banking Group, said, “Our investment in the new technology hub in Hyderabad reflects India’s rise as a force for technological innovation, which we hope to use to meet changing customer needs and underpin our long-term growth strategy.”

He added that as the group grows, our presence in the region, and the creation of additional roles, there will be a wealth of opportunities in Hyderabad especially given the highly talented engineers and fantastic technology ecosystem.

KT Rama Rao, Minister of Information Technology, Industry and MA&UD, Telangana said, “It was great to meet representatives from Lloyds Banking Group just a couple of months ago while we were visiting London and extend our gratitude and warm welcome to Lloyds Banking Group for choosing Hyderabad.”

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