{"id":914593,"date":"2026-06-22T03:12:41","date_gmt":"2026-06-22T08:12:41","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/06\/22\/emerging-tech-is-top-growth-priority-for-uk-finance-firms\/"},"modified":"2026-06-22T03:12:41","modified_gmt":"2026-06-22T08:12:41","slug":"emerging-tech-is-top-growth-priority-for-uk-finance-firms","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/06\/22\/emerging-tech-is-top-growth-priority-for-uk-finance-firms\/","title":{"rendered":"Emerging tech is top growth priority for UK finance firms"},"content":{"rendered":"<div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.computerweekly.com\/visuals\/ComputerWeekly\/Hero Images\/banking-finance-growth-2-adobe_searchsitetablet_520X173.jpg\" data-credit=\"Julien Eichinger - stock.adobe.c\"  width=\"520\" height=\"173\" alt><\/p>\n<p>Julien Eichinger &#8211; stock.adobe.c<\/p>\n<\/p><\/div>\n<div id=\"content-header\">\n<h2>Increasing numbers of banks see emerging technology as a priority of growth with artificial intelligence top of the list<\/h2>\n<\/div>\n<div id=\"content-center\">\n<ul>\n<li><i data-icon=\"1\"><\/i><\/li>\n<li><i data-icon=\"2\"><\/i><\/li>\n<\/ul>\n<div id=\"contributors-block\">\n<p><img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/computerweekly\/Karl-Flinders-profile-pic-2022-140x180px.jpg\" alt=\"Karl Flinders\">\n\t\t\t\t\t<\/p>\n<p><span>By<\/span><\/p>\n<ul>\n<li>\n\t\t\t\t\t<a href=\"https:\/\/www.techtarget.com\/contributor\/Karl-Flinders\">Karl Flinders,<\/a><br \/>\n\t\t\t\t\t\t<span>Chief reporter and senior editor EMEA<\/span>\n\t\t\t\t\t\t<\/li>\n<\/ul>\n<p>\n\tPublished: <span>18 Jun 2026 13:20<\/span>\n<\/p>\n<\/div>\n<section id=\"content-body\">\n<p>While two-thirds (64%) of UK finance firms are planning to increase overall expenditure, 91% said they will spend more on tech, with emerging tech now topping growth priorities.<\/p>\n<p>Emerging tech investment is the top growth priority for UK finance firms for the first time in the 10 year\u2019s Lloyds Bank has carried out its <i><a href=\"https:\/\/www.lloydsbank.com\/business\/resource-centre\/insight\/financial-institutions-sentiment-survey.html\">Financial institutions sentiment survey<\/a><\/i>.<\/p>\n<p>The survey of more than 100 senior decision-makers at UK banks, insurers, private equity firms, and asset and wealth managers, found that over three-quarters (77%) see emerging-tech investment as a growth priority, compared to just 41% last year. Within this, 93% ranked artificial Intelligence (AI) as the most impactful tech of the next five years.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/rodhawan\/\" rel=\"noopener\">Rohit Dhawan<\/a>, group executive director of AI at the bank, said AI has \u201ccrossed a threshold\u201d, adding: \u201cThe question is no longer whether it works, but how quickly we can embed it at scale. At Lloyds, that means investing in technology, talent and governance in parallel, because deploying AI responsibly is what turns capability into sustained value for customers and the UK economy.\u201d<\/p>\n<p>There is also confidence in the sector, according to the survey, with 94% of respondents expecting their business to grow over the next decade, compared to 81% in last year\u2019s survey. Nearly three-quarters (71%) of respondents backed the UK to retain its strong position in global financial services, up from 60% last year.<\/p>\n<p>\u201cThis renewed confidence is being underpinned by a dramatic shift in focus towards new and emerging technologies, as institutions move from testing to deployment. Investment in this area is now a leading growth lever,\u201d said the Lloyds Bank report.<\/p>\n<p>Lisa Francis, global head of corporate and institutional banking coverage at Lloyds, said despite global uncertainty, financial institutions are \u201cbuilding confidence by harnessing technology to drive long-term growth\u201d.<\/p>\n<p>She added: \u201cThe sector is prioritising the areas that will define future competitiveness, from AI and emerging technology to data, talent and international expansion. What is clear is that growth in the next decade will be shaped by the ability to adapt, invest and scale new capabilities.<\/p>\n<p>\u201cAdvanced AI and data solutions are moving from ambition to adoption, with institutions increasingly looking at how these technologies can improve productivity, deepen client relationships and create opportunities across markets.\u201d<\/p>\n<p>Lloyds Bank, for example, is heavily backing AI. In January, it <a href=\"https:\/\/www.computerweekly.com\/news\/366637423\/Lloyds-Bank-to-train-all-staff-on-artificial-intelligence\">announced plans to train all 67,000 of its employees<\/a> in how to use the technology this year via its AI Academy. The bank said staff will be given interactive training modules, short courses, articles, podcasts and opportunities for community learning.\u00a0It will kick off with every member of staff completing a module on responsible, safe and ethical AI use.<\/p>\n<p>Lloyds wants its staff to be able to use AI in their everyday roles, with Ron van Kemenade, group chief operating officer at the banking group, saying: \u201cScaling AI is about getting real use cases into production so we can simplify processes for colleagues and deliver more personalised services for customers.<\/p>\n<p>\u201cBy investing in the skills of our people, we can do this responsibly and at pace, improving service today and building the foundations to scale new innovations in the future.\u201d<\/p>\n<\/section>\n<section id=\"DigDeeperSplash\">\n<h4>\n\t\t\t<i data-icon=\"m\"><\/i>Read more on IT for financial services<\/h4>\n<ul>\n<li><a id=\"DigDeeperItem-1\" href=\"https:\/\/www.computerweekly.com\/news\/366644167\/UK-Finance-shocked-but-not-surprised-by-rise-in-fraud-as-tech-firms-profit-from-it\"><br \/>\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.computerweekly.com\/visuals\/German\/Hero-Threat-LALAKA-04_searchsitetablet_520X173.jpg\" srcset=\"https:\/\/www.computerweekly.com\/visuals\/German\/Hero-Threat-LALAKA-04_searchsitetablet_520X173.jpg 960w,https:\/\/www.computerweekly.com\/visuals\/German\/Hero-Threat-LALAKA-04.jpg 1280w\" alt ><\/p>\n<h5>UK Finance \u2018shocked but not surprised\u2019 by rise in fraud as tech firms \u2018profit\u2019 from it<\/h5>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/www.computerweekly.com\/rms\/computerweekly\/Karl-Flinders-profile-pic-2022-140x180px.jpg\" alt=\"KarlFlinders\">\n\t\t\t\t\t\t\t\t\t<\/p>\n<p><span>By: <span>Karl\u00a0Flinders<\/span><\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/div>\n<p>\t\t\t\t<\/a><\/li>\n<li><a id=\"DigDeeperItem-2\" href=\"https:\/\/www.computerweekly.com\/news\/366644173\/ING-increases-use-of-AI-in-mortgage-application-process\"><br \/>\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.computerweekly.com\/visuals\/ComputerWeekly\/Hero Images\/Mortgage-house_searchsitetablet_520X173.jpg\" srcset=\"https:\/\/www.computerweekly.com\/visuals\/ComputerWeekly\/Hero%20Images\/Mortgage-house_searchsitetablet_520X173.jpg 960w,https:\/\/www.computerweekly.com\/visuals\/ComputerWeekly\/Hero%20Images\/Mortgage-house.jpg 1280w\" alt ><\/p>\n<h5>ING increases use of AI in mortgage application process<\/h5>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/www.computerweekly.com\/rms\/computerweekly\/Karl-Flinders-profile-pic-2022-140x180px.jpg\" alt=\"KarlFlinders\">\n\t\t\t\t\t\t\t\t\t<\/p>\n<p><span>By: <span>Karl\u00a0Flinders<\/span><\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/div>\n<p>\t\t\t\t<\/a><\/li>\n<li><a id=\"DigDeeperItem-3\" href=\"https:\/\/www.computerweekly.com\/news\/366643529\/NatWest-inks-AI-deal-for-trade-finance\"><br \/>\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.computerweekly.com\/visuals\/ComputerWeekly\/Hero Images\/Artificial_intelligence_AI_searchsitetablet_520X173.jpg\" srcset=\"https:\/\/www.computerweekly.com\/visuals\/ComputerWeekly\/Hero%20Images\/Artificial_intelligence_AI_searchsitetablet_520X173.jpg 960w,https:\/\/www.computerweekly.com\/visuals\/ComputerWeekly\/Hero%20Images\/Artificial_intelligence_AI.jpg 1280w\" alt ><\/p>\n<h5>NatWest inks AI deal for trade finance<\/h5>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/www.computerweekly.com\/rms\/computerweekly\/Karl-Flinders-profile-pic-2022-140x180px.jpg\" alt=\"KarlFlinders\">\n\t\t\t\t\t\t\t\t\t<\/p>\n<p><span>By: <span>Karl\u00a0Flinders<\/span><\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/div>\n<p>\t\t\t\t<\/a><\/li>\n<li><a id=\"DigDeeperItem-4\" href=\"https:\/\/www.computerweekly.com\/news\/366639731\/Lloyds-Bank-to-sell-more-customer-data-and-cut-costs-by-35\"><br \/>\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.computerweekly.com\/visuals\/ComputerWeekly\/Hero Images\/Lloyds-Bank-hero-AdobeStock_335507737_Editorial_Use_Only_searchsitetablet_520X173.jpg\" srcset=\"https:\/\/www.computerweekly.com\/visuals\/ComputerWeekly\/Hero%20Images\/Lloyds-Bank-hero-AdobeStock_335507737_Editorial_Use_Only_searchsitetablet_520X173.jpg 960w,https:\/\/www.computerweekly.com\/visuals\/ComputerWeekly\/Hero%20Images\/Lloyds-Bank-hero-AdobeStock_335507737_Editorial_Use_Only.jpg 1280w\" alt ><\/p>\n<h5>Lloyds Bank to sell more customer data and cut costs by 35%<\/h5>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/www.computerweekly.com\/rms\/computerweekly\/Karl-Flinders-profile-pic-2022-140x180px.jpg\" alt=\"KarlFlinders\">\n\t\t\t\t\t\t\t\t\t<\/p>\n<p><span>By: <span>Karl\u00a0Flinders<\/span><\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/div>\n<p>\t\t\t\t<\/a><\/li>\n<\/ul>\n<\/section>\n<\/div>\n<p><a href=\"https:\/\/www.computerweekly.com\/news\/366644934\/Emerging-tech-is-top-growth-priority-for-UK-finance-firms\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Marquis Roberie<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Julien Eichinger &#8211; stock.adobe.c Increasing numbers of banks see emerging technology as a priority of growth with artificial intelligence top of the list By Karl Flinders, Chief reporter and senior editor EMEA Published: 18 Jun 2026 13:20 While two-thirds (64%) of UK finance firms are planning to increase overall expenditure, 91% said they will spend<\/p>\n","protected":false},"author":1,"featured_media":914594,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28756,23317,46],"tags":[],"class_list":["post-914593","post","type-post","status-publish","format-standard","has-post-thumbnail","category-growth","category-technology"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/914593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=914593"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/914593\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/914594"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=914593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=914593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=914593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}