Lloyds Banking Group has signed a new multi-year deal with Broadcom. The agreement will expand the UK bank’s use of VMware Cloud Foundation and mainframe software to modernise its private cloud and strengthen digital banking services.
The bank, which serves 28 million retail and business customers, said the move will consolidate data centres, improve resilience, and support a consistent cloud operating model. Lloyds will use VMware Cloud Foundation to manage both traditional and AI-driven applications, while Broadcom will provide professional services and training to its engineering teams.
Ron van Kemenade, Group Chief Operating Officer at Lloyds Banking Group, said: “Upgrading our infrastructure allows us to continue to provide fast and reliable digital banking for our customers, whether they’re making payments, applying for a loan, or checking their balance. It means our customers get a first-class service today, with a platform that can easily scale and support new products and innovations in the future.”
Broadcom said the addition of VMware to its infrastructure portfolio would deepen the relationship. Luigi Freguia, President, EMEA at Broadcom, commented: “This promotes our goal to empower Lloyds Banking Group to transform their infrastructure and solidify their leadership as the UK’s largest digital bank.”
The deal was announced at VMware Explore on Tour in London, reflecting Broadcom’s focus on expanding VMware Cloud Foundation since acquiring VMware in 2023. For Lloyds, the upgrade aligns with its broader transformation strategy, which has seen the group invest heavily in automation, hybrid cloud, and cybersecurity.
Broadcom’s mainframe solutions will continue to underpin the bank’s core systems, providing advanced automation and integration with hybrid environments. According to the company, these tools are expected to reduce operating costs and improve performance across Lloyds’ IT operations.
