Lloyds pilots AI investment guidance tool as UK regulator studies ...

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Lloyds Banking Group started a pilot with artificial intelligence to guide investment decisions between Scottish Widows customers, at a time when the FCA and the Bank of England analyze how this technology can transform, and also stress, the financial advice business in the UK. *** Lloyds became the first UK bank to test an AI tool to guide investments. The test is done with a small group of Scottish Widows customers and could be expanded later …