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Lloyds Banking Group has announced a two-year programme for graduates to develop the skills required to lead digital developments in the finance sector.
The graduate scheme will be broken into three eight-month assignments in the bank’s digital division.
In the past, Lloyds has given graduates digital experience as part of other schemes, but this latest addition will formalise a digital programme to focus on areas such as digital proposition development, e-commerce, and fraud and security.
A total of 29 graduates have started on the scheme after the bank worked with universities to hire from academic areas such as industry design and software engineering.
“We’re delighted to launch a digital graduate scheme, which not only complements the bank’s other graduate schemes, but also highlights the commitment we have made to investing in digital and our people. It will allow us to attract the highest standard,” said Miguel-Ángel Rodríguez-Sola, group director for digital at Lloyds.
“With more than 11 million Lloyds Bank, Halifax and Bank of Scotland digital customers, our digital graduates will be able to contribute to the significant ways in which we improve customer experience, helping them to bank in a secure, convenient and personalised way.
“At every stage our graduates will be supported by specialist training through our digital academy and will have digital mentors who will support their personal and professional development,” said Rodríguez-Sola.
University of Southampton economics and management science graduate, Yee-Ping Pang, said she applied to the scheme because “it was an amazing opportunity” to be part of the future of banking, which she believes is digital.
“I also liked how there are three eight-month placements, which will allow me to truly immerse myself in the placement and make a real difference to the teams I could be placed with,” she said.
In October 2014, the bank said it would cut 9,000 jobs and close around 150 branches to focus more on its digital strategy and increase automated processes. This is part of a £1bn investment in digital technologies.
Banks are currently under pressure to improve their digital credentials, with a host of challengers using modern technologies to differentiate. ...................................
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