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2023 DataIQ 100

Vilmos Lorincz, managing director, data and digital products, Lloyds Banking Group

Describe your career to date 

I started to work at a think tank while studying economics at university and co-founded a consultancy focusing on the future of the Internet. We helped telcos, big techs and the Hungarian government with research, data, analytics and insights on broadband infrastructure, mobile, information society, ecommerce and new business models. 

 

Ten years and many projects later I wanted to see more of the world so I did an MBA in London and in Shanghai and following that I worked at a large international mobile operator as an in-house product development and pricing consultant. 

 

I joined Lloyds at a time when all my focus topics started to become increasingly relevant in banking, so for the first few years I helped shape digital and broader company strategy to learn about the business. I saw the pace of change accelerating for both digital transformation and data technologies and I decided to broaden my data domain experience beyond analytics. 

 

I volunteered to lead GDPR compliance delivery and following that I worked on the transformation of the enterprise-level data services function and collaborated with the chief data office on data strategy, management and culture. When the opportunity to build a completely new business that provides data services for clients came up I jumped at it. 

 

I feel I’ve already had a thrilling journey from entrepreneurship to intrapreneurship and it has taken me to places across continents I would have never imagined. The most exciting thing is that for all things data we are just getting to the end of the beginning.

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What stage your organisation has reached on its data maturity journey?

Transforming our data capabilities has been a focus area for many years, we appointed our first chief data officer almost ten years ago and the organisation is well progressed as a result. We have had decisive success in some areas and we have a clear view on how we will realise our longer term ambitions. 

 

Tell us about the data and analytics resources you are responsible for

My team has great talent from different job families of the data universe to make sure we create outstanding data products and services for corporate clients. Data analysts, data engineers and visualisation specialists work together with strategists, researchers, user interface and user experience experts and front end developers to make sure we deliver best in class solutions in an agile fashion. Our operating model is also designed to support this outcome, the business has an aligned engineering platform with links into group level centres of excellence. 

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