Lloyds prepares for PSD2 with £ 3 billion digital investment

Lloyds has launched a new £ 3 billion investment in a three year strategy to strengthen its digital capabilities.

As reported earlier this month, digitization may also take its toll as Lloyds announced it is cutting 930 jobs in its commercial banking, main information bureau, community banking, insurance, and asset and risk management. In addition, there are branch closings and other job cuts.

In its latest financial results, Lloyds saw pre-tax profit grow 24% …

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