Lloyds Banking Group, a major UK financial institution, has expanded its multi-year agreement with US software partner Broadcom to bolster its digital banking infrastructure, focusing on technology resilience, agility, and scalability.

Under the terms of the extended agreement, Lloyds will deploy VMware Cloud Foundation, a unified private cloud platform that integrates compute, storage, networking, security, and management capabilities. This platform is intended to support the bank’s data center consolidation strategy. Broadcom will also provide professional services and training to Lloyds’ engineering teams to maximize the deployment’s value.

Additionally, Lloyds will implement further mainframe solutions from Broadcom. These solutions are designed to underpin the bank’s mission-critical workloads, aiming to reduce operational costs through automation, enhance system reliability, and enable the faster deployment of digital banking services across the UK market. Broadcom previously strengthened its mainframe offerings with the $18.9 billion acquisition of enterprise software developer CA Technologies in November 2018.

This partnership aligns with Lloyds’ broader strategy of adopting multiple cloud services. In March, the bank shifted its databases to Oracle Database@Azure, and in April, it migrated its core machine learning and generative AI platforms to Google Cloud’s Vertex AI.

Ron van Kemenade, Group Chief Operating Officer at Lloyds Banking Group, stated that the technology upgrade with Broadcom is expected to provide “fast and reliable digital banking” for the bank’s 28 million retail and business customers. He added that it would extend capabilities across critical banking functions, including lending, payments, and account management.