Lloyds Banking Group and Judge Business School recently undertook a unique collaboration to look at innovative digital opportunities for banks and banking customers, according to a press release from the school. As part of the Mphil in Management program offered at Judge, students took part in a six-week program to better their understand of three key areas identified by Lloyds: identity, social, and gamification.
Up to fifteen Judge students collaborated with LBG Innovation Labs, with the last day concluding in a presentation to senior executives at Lloyds Banking Group. Students evaluated the social and economic conditions, future technical trends, and the role of banking and financial services to better understand how these factors might influence how Lloyds should engage in the key challenge areas. LBG Innovation Labs is responsible for testing applications and systems for the future of banking. Representatives from Lloyds Banking Group reported that they were glad to bring in the fresh thinking of Judge students to explore the future of banking.
Allègre Hadida, Director of the MPhil in Management program, was glad that the students had a chance to flex their intellectual muscles in a real-world situation. “The Management Consulting Projects encourage students to think big, and provide them with an opportunity to apply their classroom learning to real-world challenges, in close collaboration with a corporate client in a blue-chip company. We are extremely grateful to Lloyds Banking Group and the other companies that worked with us this year, and we very much look forward to other exciting projects next year,” she said in a press release from the school.