Lloyds Banking Group Bets on Google Cloud for AI-Driven Transformation

Lloyds Banking Group is building its next-generation machine learning (ML) platform on Google Cloud's Vertex AI in a move that will replace legacy systems.

Ranil Boteju, chief data and analytics officer at Lloyds Banking Group, says the company's previous ML and data science platform was on-premises and had been in use for a decade. We realized we needed to modernize and wanted to move to the public cloud and Vertex AI. Lloyds completed the migration a year ago.

Boteju says the banks' hundreds of data scientists are building models at scale. The move to Vertex AI is a significant step up in capability, but it also enables Lloyds to pursue our agentic AI aspirations.