Behavox has confirmed the renewal of its multi-year agreement with Lloyds Banking Group, allowing continued use of the Behavox Mosaic front-office intelligence platform.

The extension builds on a relationship that has been in place since 2021.

Mosaic is designed to bring together disparate trade data and provide real-time, tailored insights for front-office teams.

It operates on the same data architecture as other Behavox products, including Polaris and Quantum.

The platform is intended to consolidate various data sources into a single interface, enhance fixed-income trade information with immediate insights, and support decision-making by increasing visibility across trading activities.

It also provides information about pricing, spreads, and liquidity from transaction records and is adaptable across different asset types and teams.

Behavox, established in London in 2014, offers technology for data management and compliance purposes within regulated sectors.

Its suite of products covers areas such as communication surveillance, trade surveillance, regulatory data archiving, and policy management.

The company serves a client base across financial services and other industries internationally, with offices in North America, EMEA, and APAC regions.

Lloyds Banking Group macro sales head Tim Townend said: “Behavox Mosaic plays a key role in our ability to extract timely, actionable insights from complex trading data.

“By simplifying how our teams access and analyse information, Mosaic supports our broader goals of innovation, efficiency and delivering greater value to clients.”

Behavox chief revenue officer Nabeel Ebrahim commented: “This renewed agreement is a testament to the trust Lloyds places in our platform and our partnership.

“Mosaic has proven it can do more than harmonize datasets, it drives real outcomes. We’re proud to help Lloyds scale their data strategy and stay ahead in an increasingly complex trading environment.”

Earlier this month, Lloyds Banking Group made headlines to expand its use of “anonymised and aggregated” customer data and increase automation in compliance processes, reported Financial Times citing an internal memo.

The bank, which serves 28 million customers, aims to cut annual IT spending by several hundred million pounds by 2028.

"Lloyds renews agreement with Behavox for data platform" was originally created and published by Retail Banker International, a GlobalData owned brand.

 

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