LLOY Lloyds Banking Group Plc

52.34

0.28 (0.54%)

Last Updated: 14:50:02

Delayed by 15 minutes

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Lloyds Banking Group Plc	LSE:LLOY	London	Ordinary Share	GB0008706128	ORD 10P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.28	0.54%	52.34	52.32	52.34	52.90	52.20	52.38	47,784,121	14:50:02

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
Commercial Banks, Nec	23.74B	5.46B	0.0859	6.10	33.34B

TruFin Enters Into Commercial Pilot With Lloyds for Potential Five-Year Deal

11/12/2020 8:14am

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By Sabela Ojea

TruFin PLC said Friday that its subsidiary Satago Financial Solutions Ltd. has entered into a commercial pilot with Lloyds Banking Group PLC to license Satago's software platform to provide the bank's customers with single invoice finance solutions.

The U.K. holding company--which operates companies that are niche lenders and early-payment providers--said the commercial pilot is expected to run for up to six months. If successful, the pilot would turn into a five-year commercial agreement.

"Should the pilot develop into a five-year commercial agreement with Lloyds Bank, this is expected to have a materially positive impact on the financial expectations of Satago and, as a result, the company," TruFin added.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

December 11, 2020 02:59 ET (07:59 GMT)