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Lloyds Banking Group is expanding its partnership with Oracle to enhance resilience and support its £4 billion transformation towards digital banking. The multi-year deal involves migrating Oracle databases to Oracle Cloud Infrastructure within Microsoft Azure, enabling faster service delivery and improved customer engagement. This strategic move aims to prevent outages and ensure high-performing services as the bank adopts a multi-cloud approach.
Lloyds Banking Group is enhancing its partnership with Oracle by migrating its databases to Oracle Database@Azure, utilizing Oracle Cloud Infrastructure within Microsoft Azure data centers in the UK. This multicloud approach aims to accelerate digital technology adoption, improve customer services, and support the bank's £4 billion transformation initiative.The bank has already hired 1,500 tech and data employees to drive innovation and efficiency in the financial sector. With 50% of its on-premise estate cleared, Lloyds is consolidating data centers and establishing a private cloud to further streamline operations.
Steve Souza
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Lloyds Banking Group partners with Oracle to enhance cloud resilience and services
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09:40 25.03.2025
lloyds banking group partners with oracle to enhance cloud migration strategy
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11:04 22.03.2025
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