Lloyds Banking Group has reportedly started using a specialist AI system in its boardroom, in what is understood to be a first for a UK-listed blue-chip business, according to The Times.
Senior executives and directors at the bank are using a “board bot” to review confidential material, support meeting preparation and assist in checking for bias in decision-making.
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In a statement to Retail Banker International, Lloyds’s corporate governance director Nicola Putland said: “We see real potential for AI to support decision making in boardrooms when used carefully and responsibly. We are trialling AI tools to support us to better prepare for discussions through faster analysis, and access to a broader range of perspectives.”
The system has been supplied by Board Intelligence, an advisory firm run by Pippa Begg.
The bank’s use of the tool comes as Lloyds tries to shift its position towards being “the UK’s biggest fintech”. It has said generative AI tools contributed £50m ($67.2m) in “value” in 2025 and that it aims to raise that figure to £100m this year.
According to Board Intelligence, the AI agent has been trained to provide support across areas including cybersecurity, sustainability, financial analysis, mergers and acquisitions. Begg said it could reduce “human bias” in board-level decisions, including dealmaking, and could also be used to assess executive and employee performance.
At present, Lloyds is mainly using the tool to help executives prepare ahead of meetings.
Begg said a later stage could involve directors using laptops during meetings and “being able to almost interrupt and say: ‘Hang on, I think you’re falling into this trap.’ Or: ‘I disagree.’” Begg also said giving AI a formal legal vote would be a “dangerous leap”.
Lloyds and other major banks have taken a careful approach to AI adoption.
At the same time, concerns are increasing over the possible effects of Anthropic’s latest tool, Claude Mythos, on the global financial system.
Claude Mythos is believed to have a superhuman ability to detect weaknesses in websites and apps across the internet, prompting concern over cybersecurity risks. The Bank of England was preparing to bring together City executives to discuss the implications and risks linked to the tool.
