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Lloyds Banking Group Expands Collaboration with Oracle to Support Tech Transformation

1. Lloyds Banking Group expands partnership with Oracle for cloud migration. 2. Lloyds adopts Oracle Database@Azure for enhanced performance and customer experience. 3. Oracle's distributed cloud enables flexibility in deployments for Lloyds. 4. Growth in cloud adoption in financial services accelerates with new Oracle offerings.

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Why Bullish?

Increased adoption of Oracle's cloud solutions by major financial institutions supports long-term revenue growth potential. Historically, strategic partnerships in the finance sector have led to significant stock price appreciation for Oracle.

How important is it?

The engagement with Lloyds Banking Group highlights Oracle's increasing influence in the financial services sector, potentially driving future growth and reinforcing cloud adoption trends.

Why Long Term?

The ongoing transition to cloud services by large organizations like Lloyds indicates sustained growth in demand for Oracle's cloud solutions, which bodes well for Oracle's long-term market position, especially as cloud services continue to expand.

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UK financial services organisation adopts Oracle Database@Azure and Oracle Exadata Cloud@Customer to accelerate its migration to the cloud, helping it to deliver new products and capabilities faster , /PRNewswire/ -- Oracle CloudWorld Tour -- Lloyds Banking Group, one of the UK's largest financial services organisations, has expanded its collaboration with Oracle to further strengthen its customer experience. Under a multi-year agreement, Lloyds is advancing its multicloud strategy by moving its Oracle databases, which support its business functions and banking services, to Oracle Database@Azure. This strategic move allows Lloyds to run Oracle databases on Oracle Cloud Infrastructure (OCI) deployed on Oracle Exadata within Microsoft Azure data centers. Additionally, Lloyds is leveraging Oracle Exadata Cloud@Customer to operate a number of databases in its own data centres. With OCI's unique distributed cloud, Oracle database services can be deployed inside Azure data centres or on-premises with equal capabilities and a consistent operating model. This flexibility enables Lloyds to serve its customers with enhanced speed and agility. "As we focus on growth and diversifying our business, maximising our use of data across the Group becomes critical so that we can innovate and deliver new services faster for our customers," said Joe Soule, CIO, Enabling Services, Lloyds Banking Group. "The ability to flexibly deploy Oracle databases on-premises or in the public cloud, in combination with Microsoft Azure through a multicloud approach, enables us to accelerate the pace at which we adopt digital technologies. This ensures we can support our customers with high-performing services and the best customer experience possible."     Working with Oracle, Lloyds has been able to speed up its transition to the cloud, helping deliver new products and capabilities to market faster, while boosting the performance, security, resilience, and availability of its services. "Few sectors are evolving as rapidly as the financial services industry when it comes to cloud adoption," said Richard Smith, executive vice president and general manager, EMEA Cloud Infrastructure, Oracle. "Lloyds is one of the companies at the forefront of this transition. By taking advantage of the industry's most comprehensive and flexible approach to the cloud, Lloyds can streamline its migration to the cloud and enable more innovation for its customers." Multicloud Made for CustomersOracle Database@Azure delivers all the performance, scale, and workload availability advantages of Oracle Database on OCI with the security, flexibility, and agility of Microsoft Azure. With Oracle Database@Azure, customers can move their on-premises Oracle databases to the cloud quickly, without the need to rearchitect or refactor their solutions. They can also securely build new low latency cloud-native applications using OCI and Azure technologies. Oracle Database@Azure is generally available in 14 regions around the world with 18 more regions planned to be available in the next 12 months. About Oracle Distributed CloudOracle's distributed cloud delivers the benefits of cloud with greater control and flexibility. Oracle's distributed cloud lineup includes: Public cloud: Hyperscale public cloud regions serve any size of organization, including those requiring strict EU sovereignty controls. See the full list of regions here. Dedicated cloud: Customers can run all OCI cloud services in their own data centers with OCI Dedicated Region, while partners can resell OCI cloud services and customize the experience with Oracle Alloy. Oracle also operates separate U.S., UK, and Australian Government Clouds, and Isolated Cloud Regions for national security purposes. Each of these products provides a full cloud and AI stack that customers can deploy as a Sovereign Cloud. Hybrid cloud: OCI delivers key cloud services on-premises via Oracle Exadata Cloud@Customer and Compute Cloud@Customer and is already managing deployments in over 60 countries. Additionally, OCI Roving Edge Infrastructure, which consists of multiple configurations of ruggedized and portable high-performance devices, helps customers leverage remote AI inferencing at the edge. Multicloud: OCI is physically deployed within all the leading hyperscale cloud providers including AWS, Google Cloud, and Microsoft Azure, providing low latency, natively integrated Oracle Database services including Oracle Database@AWS, Oracle Database@Azure, Oracle Database@Google Cloud, and Oracle HeatWave on AWS. Oracle Interconnect for Microsoft Azure and Oracle Interconnect for Google Cloud allow customers to combine key capabilities from across clouds. Additional Resources Learn more about Oracle Database@Azure Read about Oracle Autonomous Database on Oracle Database@Azure Learn more about Oracle Database services, Oracle Autonomous Database, Oracle Exadata Database Service and Oracle Base Database Service Learn about innovating with Oracle and Azure About OracleOracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at oracle.com. About Oracle CloudWorld TourOracle CloudWorld Tour is Oracle's global celebration of customers and partners. Join us to discover how to get the most business value from AI, explore ways to increase productivity and efficiency through automation, and learn more about our cloud infrastructure, database, and applications from the people that build and use them. For live keynotes, session details, news and more visit oracle.com/uk/cloudworld-tour/ or oracle.com/uk/news. TrademarksOracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing. SOURCE Oracle WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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