Smoove renews contract with Lloyds Banking Group
By Josh White
Date: Friday 19 Aug 2022
(Sharecast News) - Home moving and ownership technology and service provider Smoove has re-contracted with Lloyds Banking Group, it announced on Friday, for the provision of conveyancing services for a further two years.
The AIM-traded firm, formerly known as ULS Technology, said the contract built on its 15-year relationship with Lloyds, highlighting the "strength" of its offering.
Under the contract, Smoove would continue to provide Lloyds and its customers with "bespoke conveyancing products and services" via digital platforms across the UK.
"We are delighted to have yet again extended this contract demonstrating our strong product suite and ability to provide innovative and proven solutions that continue to set us apart," said chief executive officer Jesper With-Fogstrup.
"Having recently added the provision of remortgage services to our offering for Lloyds Banking Group, we believe that this renewal is further testament to our ability to provide leading solutions."
At 1212 BST, shares in Smoove were up 3.94% at 60.8p.
Reporting by Josh White at Sharecast.com.
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