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Lloyds Banking Group to set up technology centre in Hyderabad
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IANS | 21 Jun, 2023
Lloyds Banking Group, one of the UKs largest financial services groups,
on Wednesday announced its decision to invest in a new technology centre
in the Knowledge City district of Hyderabad.
The Group,
which operates the UK's largest digital bank and has over 20 million
digitally active users, plans to further expand its digital capability
with the opening of the new technology centre later this year.
Operating
as part of Lloyds Banking Group, Lloyds Technology Centre forms part of
the Group's �3 billion strategic investment over the next three years
to transform its digital offering. It will initially employ around 600
highly skilled specialists in technology, data and cyber security roles
as it further enhances the Group's customer experience and builds its
in-house technical capability.
Ron van Kemenade, Group Chief
Operating Officer, Lloyds Banking Group, said: "Our investment in the
new technology centre in Hyderabad reflects India's rise as a tech
innovation powerhouse, which we hope to utilise to meet customers'
changing needs and support our long-term growth strategy."
"As we
grow our presence in the area, and create additional roles, there will
be a wealth of opportunities in Hyderabad especially given its highly
talented engineers and impressive technology ecosystem. We are looking
for brilliant people, who want to grow their skills, innovate for our
people and customers, and support our sustainable growth."
K. T.
Rama Rao, IT and Industries Minister and MA&UD, Telangana, said:
"Telangana continues to be a preferred global destination for IT/ITES
exports, owing to its exceptional tech talent, and the government's
dedicated efforts towards world-class infrastructure and a
business-friendly environment. It was great to meet representatives from
Lloyds Banking Group only a couple of months ago while visiting London
and we express our gratitude and extend a warm welcome to Lloyds Banking
Group for selecting Hyderabad, Telangana to build their tech and data
talent, and their commitment to India."
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