Lloyds Bank to spend £3 billion on digital transformation just weeks after admitting IT department staff cuts

Nicholas Fearn
clock • 2 min read

Lloyds claims it will become a 'more digitised' banking provider, despite cutting IT staff

Banking giant Lloyds has confirmed plans to invest £3 billion into an ambitious, new IT transformation plan - just weeks after it also revealed that it had cut staff in its IT department.  The c...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
Exclusive: Behind the scenes of DWP's ambitious tech transformation

Government

Modernising Europe’s biggest IT estate

clock 13 March 2024 • 5 min read
IBM bets on integration, ServiceNow on process mining with strategic acquisitions

Mergers and Acquisitions

Cloud integration, process mining and task automation are hot

clock 19 December 2023 • 2 min read
Look ahead and ignore hype: How to deal with rapid change

Strategy

‘What’s the next thing?' should be IT’s modern mantra

clock 23 November 2023 • 2 min read

More on Strategy

All change? The CIO challenge in the next five years

All change? The CIO challenge in the next five years

The new CIO is one who shapes strategy, rather than having it forced upon them

Ankur Anand
clock 30 April 2024 • 5 min read
How to manage a business during hyper growth

How to manage a business during hyper growth

IT leadership helped double production and sales

Samara Lynn
clock 29 April 2024 • 2 min read
Asian Tech Roundup: Australia's and India's encryption backdoor plans

Asian Tech Roundup: Australia's and India's encryption backdoor plans

Plus, China and Japan in race to put humans on the moon again

clock 19 April 2024 • 4 min read