Lloyds Banking Group has partnered with Moneyhub to enhance transaction data enrichment by combining the fintech’s categorisation technology with its own in-house generative AI. The collaboration aims to provide customers with real-time insights into their spending patterns, helping them make smarter financial decisions.
Moneyhub’s platform will categorise every type of transaction—covering card payments, direct debits, standing orders, transfers, and faster payments—across both income and expenses. This enriched data will power Lloyds’ AI models to deliver highly personalised financial insights, improving the customer experience across its digital banking channels.
Ranil Boteju, group chief data and analytics officer at Lloyds, says the move will enable faster and more accurate transaction classification and pave the way for new digital banking products. “By combining Moneyhub’s advanced categorisation technology with our in-house GenAI expertise, we’ll unlock new services for our customers and provide real-time insights so they can make more informed financial decisions.”
Lloyds previously acquired a minority stake in Moneyhub during a £35 million funding round in 2022, signaling long-term strategic intent to integrate cutting-edge financial data solutions.