Lloyds Bank: 2.7 million microbusinesses saved by technology during COVID-19 crisis
Nov20

Lloyds Bank: 2.7 million microbusinesses saved by technology during COVID-19 crisis

Over 2.7million (48%) of the UK’s microbusinesses have admitted they would have ceased trading as a result of the pandemic without adopting digital technology, according to the Lloyds Bank 2020 Transformation with Tech report, created in partnership with Be the Business. With another lockdown ongoing in England, and restrictions across many nations, many small businesses are facing continued struggles, but it is clear that technology...

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Discover Moneyfest by Money2020
Oct26

Discover Moneyfest by Money2020

Money20/20 in the year 2020 was always going to be a significant event. None of us could have foreseen just how significantly different it would turn out to be, of course!  Potentially, this will be the biggest and most diverse in the 18-year history of the payment industry’s premier conference. Forced by events to go exclusively online, it is free and open to all,  cross-sector and entirely without borders, thanks  to a global...

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UK financial institutions show resilience despite Covid-19 and Brexit uncertainty
Oct14

UK financial institutions show resilience despite Covid-19 and Brexit uncertainty

A new report highlights how Covid-19 is expected to change the financial services workplace, according to Lloyds Bank. Almost all (89%) financial institutions plan to maintain flexible working patterns for employees and eight in ten (81%) expect to use digital platforms like Microsoft Teams and Zoom to liaise with clients. Two-thirds (68%) will use new technology to automate more work. Six in ten (62%) senior leaders within financial...

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The future of British banks
Jul22

The future of British banks

New research by fintech company Deposit Solutions suggests that the country’s largest retail banking brands’ ascendency in the savings account market could be under threat. According to Deposit Solutions’ analysis, a fifth (20%) of British consumers are considering switching savings account provider in the next 12 months. The findings have been published today in Deposit Solutions’ latest report – ‘The Future of Big British Banks: The...

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Lloyds Bank adds subscription management service to its mobile app in partnership with Minna Technologies and Visa
Jul16

Lloyds Bank adds subscription management service to its mobile app in partnership with Minna Technologies and Visa

Lloyds Bank announced today the addition of a new subscription management service to its mobile banking app, in partnership with Swedish FinTech Minna Technologies and Visa. The update is expected to allow customers to view, manage or amend subscription services. This development follows after Lloyds Bank stated that over 2.2 million consumers have signed up to new subscription services since the beginning of the COVID-19 lockdown....

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Lloyds Banking Group collaborates with Google Cloud
Mar10

Lloyds Banking Group collaborates with Google Cloud

Google Cloud today announced that Lloyds Banking Group, the UK-based financial institution that serves 26 million customers, will collaborate with Google Cloud to help drive its digital evolution and overall cloud transformation program. As part of Lloyds’ commitment to invest £3 billion to transform itself for success in a digital world, this five-year strategic collaboration will see Lloyds deploy a number of Google Cloud services...

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Intuit Inc. Enters into New Bank Feed Agreement with Lloyds Bank
Sep11

Intuit Inc. Enters into New Bank Feed Agreement with Lloyds Bank

Agreement with one of UK’s largest banks will help small businesses and accountants save time by automatically transferring financial information securely into QuickBooks Intuit Inc and Lloyds Bank announced today an agreement which allows QuickBooks customers in the UK to automatically and securely import transactions from their Lloyds Bank accounts directly at no extra charge to QuickBooks subscribers. Through a global initiative to...

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Lloyds Bank’s Asset Finance Broker Team Expands
Jul07

Lloyds Bank’s Asset Finance Broker Team Expands

Lloyds Bank Commercial Banking has welcomed two new members to its asset finance broker team to support its growth ambitions. Based in Glasgow, Steven Teague and Christie Bell join the growing asset finance team as Lloyds Bank increases its overall broker offering. Over the last few months the team has undertaken strategic initiatives to improve its proposition to brokers including maintaining competitive pricing, speeding up...

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SMEs and Mid-market Business Leaders Reveal What Ignites Their Ambition  
May15

SMEs and Mid-market Business Leaders Reveal What Ignites Their Ambition  

In today’s challenging climate, it’s essential for SME and mid-market business owners to have the ambition and drive that it takes to survive in tumultuous times. A new report has revealed what has helped successful decision makers in business to develop ambition and help them achieve their goals, with half (50 per cent) claiming that supportive friends and family were their biggest drive to be ambitious. The findings are part of the...

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Small Businesses Risk taking Short Term View with Plans to Cut Investment
Mar03

Small Businesses Risk taking Short Term View with Plans to Cut Investment

Britain’s smallest companies have scaled back plans to invest in their businesses in the first half of this year, according to the latest Lloyds Bank Business in Britain research. Companies with a turnover of less than £1 million expect to invest an average of £21,690 in their businesses in the next six months – a sharp fall of 74 per cent since July, when firms said they expected to invest £83,560. Economic uncertainty was the most...

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2017 starts with Business Output Growth but also Rising Prices
Feb13

2017 starts with Business Output Growth but also Rising Prices

Businesses in England reported increases in both output and employment for the start of the year, although at a slower rate than in December, according to the latest Lloyds Bank Regional Purchasing Managers’ Index (PMI). England’s Business Activity PMI read 55.8 in January, down from December’s 18-month high of 57.2 but well above the 50 level that separates growth from contraction. It was a different story in Wales, however, where...

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Lloyds Bank National Business Awards Release Their 2016 Shortlist
Sep01

Lloyds Bank National Business Awards Release Their 2016 Shortlist

The Lloyds Bank National Business Awards is now in its 15th year and the prestigious event has today released the 2016 shortlist, to recognise the best in British business and reward excellence across all sectors in the UK. Last year’s winners include The Body Coach: Joe Wicks, Chairman of Berkeley group, Tony Pidgley CBE New Entrepreneur of the year Joe Carnell from ÜGOT and Carolyn McCall CEO of easyJet. The Awards have a range of...

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