UK’s Lloyds Banking Group will invest in a new technology centre in Hyderabad as part of its efforts to enhance its digital capabilities. The ‘Lloyds Technology Centre’ will operate under the umbrella of Lloyds Banking Group and is part of the organisation’s 3-billion-pound investment over the next three years to revamp its digital offerings. Later this year, the technology centre is scheduled to open, and it will initially hire 600 highly qualified professionals in technology, data, and cyber security sectors. It seeks to improve customer experience while bolstering the team's internal technological capabilities. Utilising technology, digital capabilities, data, and analytics to spur innovation will be the main focus of the Lloyds Technology Centre.
US restaurant chain too selects Hyderabad
The second-largest restaurant chain in the US, Inspire Brands, has established a tech innovation hub in Hyderabad that employs over 100 employees. The $31 billion corporation is the owner of popular brands like Jimmy John's, Arby's, Baskin-Robbins, Buffalo Wild Wings, and Dunkin'. The Hyderabad support centre now forms part of a global network with six additional sites.