Lloyds Banking Group is one of the oldest banks in the UK. It has a large and diversified customer base and provides a wide range of banking and financial services to both personal and corporate customers. It currently funds a quarter of all UK mortgages and is quoted on both The London Stock Exchange and The New York Stock Exchange.
Lloyds Banking Group began life as Taylors & Lloyds in Birmingham, in 1765 and by the time of the merger with TSB in 1995, it had absorbed more than 200 banks. In 2009, Lloyds Banking Group plc. was formed through the acquisition of HBOS by Lloyds TSB. During this acquisition they embarked on a number of major business, IT integration and simplification programmes which included moving to a single mortgage servicing platform.
Unisys helps successfully migrate 1.7 million Lloyds Banking Group mortgages, on time and within budget.
Unisys Financial Services System (UFSS), the Unisys Data Transformation Factory (UDTF), and the Unisys ClearPath platform were used to support all aspects of the migration and provide a future-proof mortgage servicing system.
In March 2013, the bank successfully completed the migration from its legacy HBOS Borrowers platform to the UFSS mortgage servicing solution run on the Unisys ClearPath (Libra 790) platform. This involved successfully moving £145billion ($230bn) of assets from one platform to another over a single weekend.
- 100% planned availability of the system, uninterrupted throughout the migration
- 1,733,845 primary mortgage accounts extracted from HBOS platform to Unisys
- 115,365,323 records successfully transferred including:
- 2,670,709 customers
- 28,146,822 financial transactions