FOLLOWING a multi-year, multi-million-pound investment programme, 2023 sees the launch of Lloyds Bank International’s new cash management and payments platform, Lloyds Bank Gem®, a product specifically tailored to the demanding needs of the trust and fiduciary sector.
To celebrate, Lloyds, in conjunction with BDO Jersey, hosted a reception for clients and market participants from across the Jersey trust and corporate services sector. As well as presentations from strategic partners TrustQuay and BankClarity, the evening also featured Lloyds Banking Group’s head of economics and market Insight Jeavon Lolay, who shared his thoughts on recent macro-economic developments and their significance to both the sector and local market.
Through the presentations and lively question-and-answer session, the theme of the evening was very much centred around collaboration, best ways of working and how institutions and technology providers can work together to address some of the common challenges faced by the trust and corporate services sector. The benefits of effective partnerships across the payments ecosystem are clear to see, and attendees were encouraged to see Lloyds being proactive in this space.
‘It was great to host both new and familiar faces at our Lloyds Bank Gem® launch event. Our ability to bring new products and services to clients in this sector is something we’re extremely excited about and Gem® is a tangible commitment of our support for the Island’s financial services sector. Our clients know what works best for their own business. At its core, Lloyds Bank Gem® is designed to provide them with a level of control over their cash management that has not been possible before,’ said Thomas Young, head of cash management and payments at Lloyds Bank International.
Reflecting on the event, Andrew Corbett, head of islands commercial banking, expressed his delight with the launch and excitement about offering the new Lloyds Bank Gem® platform to local businesses, stating: ‘We’re thrilled to have launched Lloyds Bank Gem® in Jersey and excited to showcase its capabilities to be by the side of businesses. Our investment in this innovative platform demonstrates our commitment to providing tailored solutions to our clients in the trust and fiduciary sector, and we look forward to continuing to work in partnership with them to support their success.’
More information can be found at lloydsbank.com/islands/commercial/gem or by speaking to a member of the financial intermediaries relationship team.
lLloyds Bank Gem® is a registered trademark of Lloyds Bank plc.
The Jersey branch of Lloyds Bank Corporate Markets plc’s principal place of business is 9 Broad Street, St Helier, Jersey JE2 3RR and is licensed by the Jersey Financial Services Commission to carry on deposit-taking business under the Banking Business (Jersey) Law 1991 and general insurance mediation business under the Financial Services (Jersey) Law 1998. Lloyds Bank Corporate Markets plc has also notified the Jersey Financial Services Commission that it carries on money service business. Lloyds Bank Corporate Markets plc, Jersey branch, subscribes to the Jersey Code of Practice for Consumer Lending.