![\"Pippa](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/04\/b99311bb-b8eb-4f66-b467-d127147a68e4.jpg\")
Pippa Begg of Board Intelligence, which developed the AI agent now being deployed by Lloyds<\/p>\n
Lloyds\u2019s embrace of board bots comes as the 260-year-old bank is seeking to reposition itself as \u201cthe UK\u2019s biggest fintech\u201d. The bank estimates that generative AI tools helped it to generate \u00a350 million in \u201cvalue\u201d in 2025 \u2014 a figure that it wants to increase to \u00a3100 million this year.<\/p>\n
Nicola Putland, Lloyds\u2019s corporate governance director, said: \u201cWe 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.\u201d<\/p>\n
Board Intelligence\u2019s agent has been trained by the company\u2019s experts to create an AI board adviser that can offer guidance in cybersecurity, sustainability, financial analysis, mergers and acquisitions and more. Begg said the agent could help to eliminate \u201chuman bias\u201d from board decisions, including on making acquisitions, and analyse executive and employee performance.<\/p>\n
While AI bots such as ChatGPT and Google\u2019s Gemini are in wide use among the public and through many corporations, specialist tools are required for boardrooms, which deal with highly confidential company and market data.\u00a0<\/p>\n
\u201cVery few people have access to two things that are important for being able to deliver this,\u201d said Begg. \u201cOne, an understanding of what typically doesn\u2019t go so well in executive rooms and boardrooms, and therefore what \u2018good\u2019 looks like \u2014 because there\u2019s a relatively small population of people that sit in those rooms.\u00a0<\/p>\n
\u201cAnd then the second piece is to deploy technology in a secure way. Most organisations don\u2019t want to give their internal teams access to [some] information. Our set-up enables us to securely host all that information without [others] being able to read it.\u201d<\/p>\n
For now, Lloyds is mainly making Board Intelligence\u2019s bot available to bosses to prepare for meetings. Begg described this as \u201cstep one\u201d for most organisations, where AI is used to \u201caugment the human\u2019s ability to consume information, and form judgments and test their judgments and test their theories, before they get into the room\u201d. <\/p>\n
The second step, she said, will involve board members having an open laptop in meetings and \u201cbeing able to almost interrupt and say: \u2018Hang on, I think you\u2019re falling into this trap.\u2019 Or: \u2018I disagree.\u2019\u201d Begg added that allowing AI to actually have a legal vote could be a \u201cdangerous leap\u201d.<\/p>\n