Lloyds Banking Group in the UK has expanded its relationship with existing US software partner Broadcom to strengthen its digital banking infrastructure, with a specific focus on technology resilience and scalability.
The extended multi-year agreement will see Lloyds deploy VMware Cloud Foundation, a unified private cloud platform with integrated compute, storage, networking, security, and management capabilities, alongside additional mainframe solutions. For Lloyds, these combined solutions will “enhance the resilience, agility, and scalability of its technology estate”, Broadcom says.
Broadcom states that the private cloud platform will be used to support the bank’s data centre consolidation strategy, with professional services and training provided to engineering teams to “maximise the value of the deployment”. This strategy has so far led to the adoption of multiple cloud services, with the bank shifting databases to Oracle Database@Azure in March, followed by a migration of its core machine learning and generative AI platforms to Google Cloud’s Vertex AI in April.
Meanwhile, Broadcom says its mainframe solutions will “underpin Lloyds’ mission-critical workloads”, reducing operational costs with automation while enhancing system reliability and enabling faster deployment of digital banking services across the UK market.
Broadcom notably boosted its mainframe offering through its $18.9 billion acquisition of enterprise software developer CA Technologies completed in November 2018.
Ron van Kemenade, group chief operating officer at Lloyds Banking Group, says the technology upgrade with Broadcom will provide “fast and reliable digital banking” for the bank’s 28 million retail and businesses customers, extending capabilities across lending, payments, and account management.
Source: https://www.fintechfutures.com/
