The Lloyds Technology Centre will be based in Hyderabad and will employ 600 tech, data and cyber security specialists by the end of 2023.
,According to a statement from the bank, the facility will focus on developing an in-house technical capability to improve the customer experience.
,The centre, which is scheduled to open later this year, is also part of a wider £3bn project to boost its digital offering, which currently has more than 20 million active users.
,“Our investment in the new technology centre in Hyderabad reflects India’s rise as a tech innovation powerhouse, which we hope to utilise to meet customers’ changing needs and support our long-term growth strategy,” said group chief operating officer Ron van Kemenade.
