PYMNTS-MonitorEdge-May-2024

Lloyds Banking Group

Lloyds Taps AWS Vet Rohit Dhawan to Lead AI Efforts
Lloyds Taps AWS Vet Rohit Dhawan to Lead AI Efforts
August 05, 2024  |  Personnel

British banking giant Lloyds has picked an Amazon Web Services veteran as its AI head. Rohit Dhawan has been named Lloyds’ director of artificial intelligence (AI), overseeing the firm’s AI...

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Report: Revolut Planning Share Sale at $40 Billion Valuation
Report: Revolut Planning Share Sale at $40 Billion Valuation
June 21, 2024  |  Digital Banking

Revolut is reportedly planning a share sale and seeking a valuation that would be close to that of Lloyds Banking Group. The British FinTech is...

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Metro Bank Secures $1.1 Billion From Investors
Metro Bank Secures $1.1 Billion From Investors
October 08, 2023  |  Banking

England’s Metro Bank has reportedly secured $1.1 billion from investors following a rocky week. As Bloomberg News reported Sunday (Oct. 8), the funding package is comprised of a...

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Swift Picks JPMorgan’s Graeme Munro as New Chair
Swift Picks JPMorgan’s Graeme Munro as New Chair
March 30, 2023  |  Personnel

Financial messaging system Swift has chosen a new leader for its board. Graeme Munro, a 30-year veteran of J.P. Morgan Chase, has been elected non-executive...

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Yoti and Lloyds Banking Group Partner on a Reusable Digital Identity
Yoti and Lloyds Banking Group Partner on a Reusable Digital Identity
March 09, 2023  |  Security & Fraud

Lloyds Banking Group is supporting Yoti in developing a reusable digital identity solution. The support includes a £10 million (about $12 million) investment in the United Kingdom-based digital...

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Lloyds Parks $4.9M in Driving-Related App Caura
Lloyds Parks $4.9M in Driving-Related App Caura
January 26, 2023  |  Investments

Lloyds Banking Group has invested $4.9 million in “all-in-one” driving app Caura. The British firm announced the investment — its third in a FinTech company...

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Phoenix Group, Legal & General and Lloyds Banking Group Back Moneyhub
Phoenix Group, Legal & General and Lloyds Banking Group Back Moneyhub
December 20, 2022  |  Investments

Phoenix Group, Legal & General and Lloyds Banking Group have invested 55 million pounds in Moneyhub. Following the announcement of a 35 million pound ($42.5...

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Major Banks Incorporate New UK Company to Promote Shared Hubs
Major Banks Incorporate New UK Company to Promote Shared Hubs
December 19, 2022  |  Banking

The U.K.’s major banks have joined forces to protect consumers’ access to cash. A new nonprofit company called Cash Access UK has been set up...

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BOE: UK Banks Need to Show They Can Fail ‘Safely’
BOE: UK Banks Need to Show They Can Fail ‘Safely’
June 10, 2022  |  emea

Three of the U.K.’s biggest lenders need to do more to show they could fail without harming customers and taxpayers, the Bank of England (BOE)...

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