Hyderabad now has a new Lloyds Technology Centre (LTC) launched by the UK-based retail and commercial financial services firm, Lloyds Banking Group. The LTC will help provide AI, cloud and blockchain programmes for the group. To support its customers in the UK, its LTC team will begin by focusing on leveraging data, machine learning and the cloud.
The centre will hire 600 specialists for its team, including Java back-end, React, full stack, quality engineers, and cloud engineers.
Ron van Kemenade, group chief operating officer, Lloyds Banking Group, commented that this LTC opening is a very crucial step in the complete transformation of the organisation. This centre will take forward the tech talent growth in the UK.
The organisation sees the Hyderabad centre becoming a place for modern engineering excellence, using the tech talent available in India, which will be equipped to facilitate the Group’s technological transformation.
Sirisha Voruganti, CEO and managing director, LTC, is sure that it is “Hyderabad’s wealth of tech talent and its diversity”that it make “it a global epicentre for innovation”. She is proud “to be part of this thriving ecosystem” and believes that “the fusion of India’s leading tech capabilities and diverse talent will be instrumental in our ability to provide fantastic services to the group’s customers.”
While the centre will not provide any banking or financial services, it will remain focused on driving innovation and end-to-end delivery of products with digital, data, technology, and analytics capabilities. This is an addition to the group’s resourcing initiative across the globe.
The group’s dedication to fostering diversity and aiding in India’s economic growth aligns with the government’s digital mission in the area.
The Lloyds Banking Group, which is a UK-based retail and commercial financial services firm, offers general insurance and long-term savings through renowned brands such as Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows, in addition to providing retail and commercial banking.