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Lloyds (LYG) Plans UK’s First Multi-Feature AI-Powered Financial Assistant

Lloyds Banking Group PLC (NYSE:LYG) is one of the best European bank stocks to buy now. On November 7, Lloyds Banking Group PLC (NYSE:LYG) revealed plans to unveil the UK’s first large-scale, multi-feature AI-powered financial assistant. The product will target the lender’s 21 million mobile app customers in early 2026. This assistant, the bank said, will provide round-the-clock “personalized financial coaching.” In essence, it will work as a financial companion, which means it will answer customer questions and provide tailored guidance.

Two key features will be available straight away: a conversational tool for personalized spending insights and a savings and investment function. Customers will use them to make informed financial decisions within the secure environment of the app.

The bank said that the assistant is built on its proprietary Generative AI and Agentic frameworks. It will utilize curated bank data and agentic AI to deliver accurate, explainable, and regulated advice.​ Lloyds is currently piloting the AI assistant with 7,000 staff, and the public rollout is set for somewhere in 2026.

Lloyds Banking Group PLC (NYSE:LYG) is a British financial services provider headquartered in London. It operates primarily through retail, commercial, and insurance businesses, and caters to over 26 million customers through brands such as Lloyds Bank, Halifax, and Bank of Scotland.

While we acknowledge the potential of LYG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LYG and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 11 Best Solar Energy Stocks to Buy Right Now and 11 Must-Buy US Stocks to Buy Now.

Disclosure: None. This article is originally published at Insider Monkey.

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