Lloyds Bank to step up fintech partnerships

Lloyds Banking Group is to step up partnerships with fintech firms as it seeks to deliver on a wide-ranging digital transformation project. The UK bank has reported a cumulative technology spend of £4 billion over the past three years, with £2.8 billion of that budget allocated towards a three-year transformation plan set out in February 2018. With the pandemic accelerating a shift towards online services, the bank's digitally-active customer base has increased to 17.4 million customers. Active
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