Tuesday, May 30, 2023
Home > Lloyds

Crypto Insurance Firm Evertas Wins Lloyd’s of London Approval

“Our approval of Evertas’ coverholder application is an example of collaboration between Lloyd’s insurer Arch and their new distribution partner on an innovative solution aimed at facilitating the growth of an industry sector previously hindered by a lack of risk transfer options,” said Hank Watkins, president of Lloyd’s in the

Read More

Lloyds Banking Group Set to Acquire Embark for £390 Million as Q2 Pretax Profits Rise

In line with the move, Lloyds increased its net new money target to around £40 billion in 2023.British financial institution Lloyds Banking Group PLC is set to buy major WealthTech player Embark Group for £390 million. The UK banking giant will acquire £35 billion of assets under administration from the Dundee-based

Read More

Lloyds Bank Partners With Blockchain Platform to Streamline Trade Finance

Lloyds Bank is partnering with blockchain platform Komgo to streamline its commercial banking division.Blockchain to streamline international trade processOn Sept. 25, United Kingdom financial news outlet FStech reported that Lloyds Bank has partnered with the distributed ledger technology firm Komgo. Lloyds Bank, one of the “Big Four” clearing banks

Read More