LSE:LLOYBanks
Lloyds Data And Cloud Overhaul Puts Costs And Valuation In Focus
Lloyds Banking Group (LSE:LLOY) plans to expand commercial use of anonymised customer data.
The bank is preparing a significant shift of its systems and records to cloud storage.
Major automation is set to be introduced in compliance processes.
The group intends to reduce IT costs and retire internal apps and data centres.
Lloyds Banking Group, one of the largest retail and commercial banks in the UK, is reshaping how it handles technology and data. The focus on anonymised data, cloud...