Tag: Lloyds Bank

Evaluating a potential fintech partner doesn’t have to be a headache. So-called sandboxes – or self-contained test environments with synthetic data and prototyping tools – can take the pain out of proof-of-concepts for highly regulated incumbents that are eager to work with fintechs. Lloyds Banking Group has launched a new “Innovation Sandbox” in partnership with […]

Promissory notes – a way of enabling large transactions using creditworthiness instead of cash – have traditionally required a physical document, and Lloyds’ transaction highlights both the friction between historical regulation and today’s digital capabilities and the massive potential to provide quicker, less-expensive, and more-secure trade finance through modernization. On August 17, Lloyds Bank settled […]