Lloyds Banking Group is expanding its collaboration with cloud technology giant Oracle to further strengthen its customer experience by advancing its multi-cloud strategy.
Under a multi-year agreement, Lloyds is moving its Oracle databases, which support its business functions and banking services, to Oracle Database@Azure. This strategic move will enable Lloyds to run Oracle databases on Oracle Cloud Infrastructure (OCI) deployed on Oracle Exadata within Microsoft Azure data centres.
Lloyds is also leveraging Oracle Exadata Cloud@Customer to operate a number of databases in its own data centres. With OCI’s unique distributed cloud, Oracle database services can be deployed inside Azure data centres or on-premises with equal capabilities and a consistent operating model. This flexibility enables Lloyds to serve its customers with enhanced speed and agility.
“As we focus on growth and diversifying our business, maximising our use of data across the Group becomes critical so that we can innovate and deliver new services faster for our customers,” explained Joe Soule, CIO, enabling services at Lloyds Banking Group. “The ability to flexibly deploy Oracle databases on-premises or in the public cloud, in combination with Microsoft Azure through a multi-cloud approach, enables us to accelerate the pace at which we adopt digital technologies. This ensures we can support our customers with high-performing services and the best customer experience possible.”
Working with Oracle, Lloyds has been able to speed up its transition to the cloud, helping deliver new products and capabilities to market faster, while boosting the performance, security, resilience, and availability of its services.
“Few sectors are evolving as rapidly as the financial services industry when it comes to cloud adoption,” said Richard Smith, executive vice president and general manager, EMEA cloud infrastructure at Oracle. “By taking advantage of the industry’s most comprehensive and flexible approach to the cloud, Lloyds can streamline its migration to the cloud and enable more innovation for its customers.”
