Lloyds Banking Group has announced an expanded strategic partnership with Broadcom, reinforced by a new multi-year agreement aimed at supporting its ambitious digital transformation.
The announcement was made at VMware Explore on Tour in London, with the deal set to introduce a new private cloud environment and mainframe solutions to Lloyds Banking Group’s technology estate.
The partnership will see Lloyds Banking Group deepen its use of Broadcom’s infrastructure software portfolio, including VMware Cloud Foundation and mainframe solutions. This move is designed to enhance the resilience, agility and scalability of the bank’s technology operations, enabling faster and more reliable digital services for its 28 million customers and businesses across the United Kingdom.
Ron van Kemenade, group chief operating officer at Lloyds Banking Group, highlighted the importance of the upgrade: “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. 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.”
The deployment of VMware Cloud Foundation will support Lloyds Banking Group’s data centre consolidation strategy. This aims to provide a consistent operating model across its private cloud environment, combining the flexibility of public cloud with the security, performance and cost-efficiency of on-premises infrastructure. The platform is expected to support traditional, modern and AI-driven applications with unified operations, governance and controls.
Broadcom is set to deliver professional services and training to Lloyds’ engineering teams to maximise the value of the deployment. Luigi Freguia, president for Europe, the Middle East and Africa at Broadcom, commented: “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. This promotes our goal to empower Lloyds Banking Group to transform their infrastructure and solidify their leadership as the UK’s largest digital bank.”
Broadcom’s mainframe solutions will continue to underpin Lloyds’ mission-critical workloads, offering advanced automation, intuitive tooling and seamless integration into hybrid environments. These capabilities are set to help reduce operational costs, improve performance and foster a more agile, collaborative culture across IT teams, supporting the continuous delivery of essential digital services.
