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 as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term 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.
