Lloyds Banking Group expands its partnership with Broadcom to boost cloud and mainframe infrastructure for millions of UK banking customers
Lloyds Banking Group has announced an expanded long-term partnership with Broadcom designed to accelerate its digital transformation.
The multi-year agreement builds on years of collaboration and will see Lloyds adopt new private cloud and mainframe solutions to deliver faster, more reliable financial services for customers.
Ron van Kemenade, Group Chief Operating Officer at Lloyds Banking Group
“Upgrading our infrastructure allows us to continue to provide fast and reliable digital banking for our customers, whether they’re making payments, applying for a loan, or checking their balance,” says Ron van Kemenade, Group Chief Operating Officer at Lloyds Banking Group.
“It means our customers get a first-class service today, with a platform that can easily scale and support new products and innovations in the future.”
Expanding digital banking infrastructure
At the core of the agreement is the deployment of VMware Cloud Foundation, a key part of Broadcom’s infrastructure software portfolio.
This platform will support Lloyds’ strategy of consolidating its data centres, enabling a consistent operating model across the bank’s private cloud environment.
The approach combines the flexibility of public cloud with the security, performance and cost-efficiency of on-premises infrastructure.
It will support traditional workloads alongside modern and AI-driven applications, while offering unified governance, operations and controls across the technology stack.
Luigi Freguia, President for EMEA at Broadcom
Luigi Freguia, President for EMEA at Broadcom, says the integration of VMware into Broadcom’s offering strengthens the relationship between the two organisations.
“Broadcom’s strategic partnership with Lloyds Banking Group has been strengthened by the addition of VMware into our existing infrastructure software portfolio, which includes our mainframe solutions,” Luigi explains.
“This promotes our goal to empower Lloyds Banking Group to transform their infrastructure and solidify their leadership as the UK’s largest digital bank.”
Resilience for mission-critical banking
As the UK’s largest retail and commercial bank, Lloyds supports 28 million customers and businesses nationwide.
The expanded partnership aims to strengthen the resilience and agility of its core systems while ensuring services scale to meet rising digital demand.
Broadcom’s mainframe solutions will continue to underpin the bank’s mission-critical workloads.
These include advanced automation and intuitive tooling to streamline operations, along with seamless integration into hybrid environments.
For Lloyds, this means reduced operating costs, improved performance and a more collaborative approach across IT teams, all supporting the continuous delivery of financial services.
The commitment also includes professional services and training delivered by Broadcom to Lloyds’ engineering teams. This will help staff maximise the value of the new infrastructure and maintain the high levels of reliability expected by customers.
Lloyds Banking Group’s Office
Supporting the future of financial services
For Lloyds, the agreement is more than a technology upgrade. It is a cornerstone of its broader strategy to modernise banking services in an environment where customer expectations are shaped by always-on digital platforms.
The focus on private cloud and data centre consolidation reflects the wider push within financial services to balance cost efficiency with security and compliance.
At the same time, the ability to integrate AI-driven applications positions Lloyds to innovate and deliver new digital banking products.
With its scale, resilience and commitment to continuous improvement, the partnership with Broadcom signals Lloyds’ intent to maintain its leadership in UK digital banking.
For customers, this translates into more dependable access to services, whether managing day-to-day transactions or exploring new financial products.
In bringing together Broadcom’s infrastructure expertise and Lloyds’ ambition for transformation, the collaboration sets out a clear path to deliver a modern financial technology backbone capable of meeting both current and future demands.
Source: https://fintechmagazine.com/
