London-based Marloo has raised $10 million in seed funding to advance its AI platform for financial advisers. The investment, led by Blackbird Ventures, will support Marloo's growth in the UK and Australia as well as its entry into the US market.
Bank of America is rolling out an AI-powered advisory platform to around 1,000 financial advisers, marking a significant step in the integration of AI agents into core banking roles. The move highlights a shift in how banks use AI beyond chatbots, supporting complex decision-making and day-to-day workflows. Challenges remain around accuracy, oversight, and regulatory compliance.
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