Lloyds Banking Group and Broadcom Inc. have entered a new multi-year agreement to drive forward the bank’s digital transformation. The new partnership is intended to help fortify the bank’s infrastructure by harnessing advanced mainframe and private cloud technologies.
As part of this next phase, Lloyds Banking Group will broaden its adoption of Broadcom’s infrastructure software, notably VMware Cloud Foundation and mainframe solutions. These technologies are expected to increase the resilience, scalability, and agility of the Group’s technology systems, supporting faster and more reliable digital services for the 28 million customers and businesses it serves across the UK.
“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,” said 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.”
“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,” added Luigi Freguia, President, EMEA, Broadcom. “This promotes our goal to empower Lloyds Banking Group to transform their infrastructure and solidify their leadership as the UK’s largest digital bank.”
Lloyds Banking Group will use VMware Cloud Foundation to advance its data centre consolidation strategy, creating a consistent operating model within its private cloud. This approach combines the flexibility of public cloud with the performance, security and cost benefits of on-premises infrastructure. The platform is built to support a wide range of applications, from traditional systems to AI-driven services, with unified governance and operations.
Furthermore, Broadcom will offer professional services and training for the engineering teams at Lloyds to ensure the deployment renders optimal value. Its mainframe offerings will continue to be at the core of the bank’s mission-critical workloads, bringing in automation, intuitive tooling and seamless integration into hybrid environments. These capabilities are projected to minimize operating expenses, enhance system performance and promote more collaboration across IT teams, ultimately allowing Lloyds Banking Group to offer digital banking services more effectively.