UK-based financial services giant Lloyds Banking Group (LBG) is setting up its new technology centre in India, and the investment will be its biggest in India so far. The centre is expected to come up in the Hitech City area of Hyderabad in the next two-three months.

The new Hyderabad Lloyds Technology Centre (LTC) is part of Lloyds’ GBP three billion investment over the next three years to drive the strategic transformation of its digital portfolio. LTC will focus on enhancing its data and analytics capabilities for end-to-end product delivery and innovation-led objectives.

Recruitment is currently underway for the leadership team, alongside broader recruitment, and the plan is to onboard 600 highly-skilled specialists in technology, data and cyber security roles by 2023.

Lloyds Banking Group operates the UK’s largest digital bank and has over 20 million digitally active users. Through this investment, the prime objective of meeting its customers’ changing needs and offering superior customer experience will be met.

Telangana has emerged as a preferred global IT/ITES destination by offering a strong talent base, technology ecosystem, world-class infrastructure and a conducive environment for doing business.