Lloyds Banking Group and Broadcom have agreed a new multi‑year deal to support the UK-based bank’s ongoing transformation of its IT estate.

As part of the arrangement, Lloyds will broaden its adoption of Broadcom’s infrastructure software, including VMware Cloud Foundation and mainframe products, to “enhance the resilience, agility and scalability” across its technology environment.

Lloyds Banking Group chief operating officer Ron van Kemenade said: “Upgrading our infrastructure allows us to continue to provide fast and reliable digital banking for our customers, whether they’re making payments, applying for a loan, or checking their balance.

“It means our customers get a first-class service today, with a platform that can easily scale and support new products and innovations in the future.”

Lloyds plans to use VMware Cloud Foundation to assist with consolidating its data centres.

The platform is expected to provide a standard operational model for its private cloud, seeking to combine aspects of public cloud flexibility with on‑site security and performance.

It will be used to run a mix of legacy, modern and artificial intelligence (AI)‑enabled applications while maintaining unified operations, governance and control, the technology vendor said.

Broadcom will supply professional services and deliver training for Lloyds’ engineering teams to support the implementation.

Its mainframe offerings will continue to handle Lloyds’ critical workloads, offering automation, tooling and integration for hybrid setups.

The company says these measures aim to lower operating costs, enhance performance and help Lloyds maintain delivery of services to its 28 million UK customers and business clients.

Broadcom EMEA president Luigi Freguia said: “Broadcom’s strategic partnership with Lloyds Banking Group has been strengthened by the addition of VMware into our existing infrastructure software portfolio, which includes our mainframe solutions.

“This promotes our goal to empower Lloyds Banking Group to transform their infrastructure and solidify their leadership as the UK’s largest digital bank.”

Reports surfaced earlier this month indicating that Lloyds plans to revamp its approach to managing staff performance, a move that could affect thousands of its employees.