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Lloyds Adopts Oracle Cloud Tech to Expedite Transformation

Lloyds Adopts Oracle Cloud Tech to Expedite Transformation

  • 21.03.2025 00:00
  • fintechmagazine.com
  • Keywords: Lloyds Banking Group, Oracle

Lloyds Banking Group has partnered with Oracle to migrate its databases to Oracle Database@Azure, enhancing its multicloud strategy for faster service delivery. The deal accelerates Lloyds' digital transformation, enabling improved performance, security, and innovation through a combination of cloud and AI technologies.

Microsoft ProductsMicrosoft ServicesLYGsentiment_satisfiedORCLsentiment_satisfied

Estimated market influence

Lloyds Banking Group

Lloyds Banking Group

Positivesentiment_satisfied
Analyst rating: Buy

Adopted Oracle Cloud to accelerate transformation.

Oracle

Oracle

Positivesentiment_satisfied
Analyst rating: Buy

Provided cloud solutions and AI tools for Lloyds.

Context

Analysis and Summary: Lloyds Adopts Oracle Cloud Tech to Expedite Transformation

Key Facts

  • Date: March 21, 2025
  • Collaboration: Lloyds Banking Group has expanded its partnership with Oracle to accelerate its technological transformation.
  • Multi-Year Agreement: A multi-year deal involves migrating Oracle databases to Oracle Database@Azure and implementing Oracle Exadata Cloud@Customer.
  • Cloud Migration: The move combines Oracle’s cloud infrastructure (OCI) with Microsoft Azure, enabling a multicloud strategy.
  • AI Integration: Oracle launched AI Agent Studio for Fusion Applications, aligning with Lloyds’ focus on innovation and automation.

Market Insights

  • Cloud Adoption in Finance: The financial services sector is rapidly adopting cloud technologies, with Lloyds leading the charge.
  • Oracle’s Position: Oracle strengthens its position as a key player in enterprise cloud solutions, particularly for financial institutions.
  • Market Expansion: Oracle Database@Azure is available in 14 regions globally, with plans to expand to 18 regions within 12 months.

Competitive Dynamics

  • Multicloud Strategy: Lloyds’ multicloud approach allows flexibility, enabling it to maintain workloads on-premises or migrate them to public clouds based on business needs.
  • Regulatory Compliance: The hybrid cloud solution addresses regulatory and latency requirements for financial services.
  • AI and Innovation: Oracle’s AI Agent Studio complements Lloyds’ digital transformation by offering tools to automate complex business tasks.

Strategic Considerations

  • Customer Experience: Joe Soule, CIO of Enabling Services at Lloyds, emphasized the importance of faster service delivery and innovation for customers.
  • Cost Efficiency: Oracle’s cloud solutions are designed to improve performance, security, and availability while reducing the need for significant application redesign during migration.

Long-term Effects

  • Accelerated Innovation: The partnership positions Lloyds to bring new products and services to market faster, enhancing its competitive edge.
  • Global Expansion: Oracle’s global cloud footprint supports Lloyds’ international operations and future growth.

Regulatory Implications

  • Data Control: Oracle Exadata Cloud@Customer allows L