Lloyds Bank are to create 500 jobs at a new tech hub in Edinburgh which will help transform the “digital experience” for Scottish Widow, Halifax, Bank of Scotland and Lloyds bank customers.
Lloyds Banking Group said this is part of a £3bn investment programme to help boost the bank’s digital experiences.
Philip Grant, chairman of Lloyds Banking Group’s Scottish executive committee said, “We’re working with the industry to strengthen our tech-based talent pool in Scotland, which will not only benefit customers of Lloyds Banking Group, but support the development of technology, skills and talent in the fastest growing digital economy outside London.
“People’s expectations are rising rapidly as they want the same experience they’re used to with established digital brands.
“In our tech labs, we are designing what customers will need in the future, making products and services that can adapt to their lives and making it easier for them to connect with their finances.”
Derek Mackay, Scotland’s finance secretary said, “I am delighted that Lloyds Banking Group is investing in a new tech hub in Scotland’s capital city, creating 500 new jobs.
“Edinburgh is fast becoming one of the UK’s most competitive tech hubs, with growth in agile start-ups, offerings from its world-leading universities and new digital academies providing greater scale and choice for careers in the industry.
“Lloyds’ investment will be a major boost towards growing the workforce of the future in Scotland, helping create a more dynamic and innovative side to its thriving financial sector.
“This commitment sends a strong message that even in these uncertain times, we remain open for business and shows great confidence in Scotland as a centre of excellence for financial services.”