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Investment in new banking software

Widows to host Lloyds tech hub in digital jobs switch

Scottish Widows head office

Widows head office will be a tech hub (pic: Terry Murden)


 

Lloyds Banking Group is repositioning hundreds of jobs in Scotland as part of a digital transformation programme announced last November.

The company is creating a new hub at its Scottish Widows headquarters in Edinburgh which will play a key role in a £3 billion investment to be phased in over 18 months.

Lloyds last year axed 6,240 staff in back office functions and created 8,240 new positions, three-quarters of which will be filled by existing employees. This comes after the group laid off hundreds of IT workers in 2016 and 2017.

The bank has begun recruiting software engineers and data scientists for the Edinburgh hub to develop new technology for Bank of Scotland, Lloyds Bank, Halifax and Scottish Widows customers. The jobs are regarded as high level skills, some paying six-figure salaries.

The latest shift in roles follows the closure of hundreds of branches as more customers conduct their banking online.

 



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