Barclays Signs Strategic Partnership with LSEG
Posted by Colin Lambert. Last updated: May 8, 2023
LSEG and Barclays have signed a new multi-year strategic partnership, that extends their existing relationship, and includes a wide range of capabilities to support Barclays’ businesses and “to enhance delivery for customers and clients and prepare for the next generation in financial services”.
LSEG will provide Barclays with access to its data, insights and capabilities, workflow solutions and feeds, as well as supporting the bank in its digitalisation journey, cloud adoption and customer platform enhancements. Barclays is also in discussions with LSEG and Microsoft to become a member of their Design Partner Programme, which is in the process of being established following the strategic partnership that was announced between the two organisations in December 2022. This programme will seek to gather and analyse data and insights from customers while validating product concepts to ensure delivery of real and meaningful customer solutions to the market. The firms add they are committed to working together to enhance and develop LSEG products and services.
“LSEG is a long-term client and partner to Barclays and this engagement will see us working together to enhance existing offerings and develop new and innovative products and services,” says Paul Compton, global head of Barclays’ Corporate and Investment Bank, and president of Barclays Bank. “Continuing this relationship will maximise how we deliver results for clients globally, accelerate our digital transformation and advance our goals of consolidating relationships with a smaller number of global strategic market data vendors.”