- Partnership Overview: Lloyds Banking Group collaborates with US-based open-source solutions provider Red Hat to enhance developer experience, software quality, and speed to market through the adoption of InnerSource practices.
- Driven by OSPO: The collaboration is driven by Lloyds Banking Group’s Open Source Program Office (OSPO), tasked with developing and implementing an open-source strategy, providing internal training and tooling, and overseeing collaboration with external organizations.
- Focus on InnerSource Practices: OSPO turns to Red Hat to support the adoption of InnerSource practices, aiming to leverage modern open-source practices for in-house tech development to maximize business value from engineering teams.
- Development of InnerSource Frameworks: Together, Lloyds Banking Group and Red Hat are developing InnerSource frameworks to standardize contributor roles, streamline processes, improve efficiency, and enhance product quality.
- Anticipated Benefits: The partnership is expected to shape a strategy integrating the right tools, training, and incentives to implement modern engineering practices and foster an InnerSource culture within the financial services group.
- Comment from OSPO Lead: Pooi Ling Cheong, OSPO lead at Lloyds Banking Group, highlights that the InnerSource journey is crucial to empower and enhance the productivity of the developer community, expressing confidence that collaboration with Red Hat will accelerate the adoption of InnerSource practices.
- Previous Digital Strategy Initiatives: Earlier this year, as part of its digital strategy, Lloyds Banking Group partnered with UK fintech ApTap for its bill management solution, aimed at helping Halifax and Lloyds Bank mortgage customers manage household bills efficiently.
