After ChatGPT-maker OpenAI, now AI giant Anthropic has introduced personal finance feature to its chatbot Claude. Anthropic has announced the roll out of Personal Finance feature for its AI assistant Claude, enabling users to connect bank and card accounts and also ask questions about their finances in natural language.
The company also said that the feature is created to help users get to better understand their spending, balances and transactions without switching between multiple banking apps. Presently, the company is rolling out the feature only for beta subscribers on Claude’s Pro, Max and Ultra plans in the United States. As per Anthropic, users can now securely connect their financial accounts and also receive answers about their money, with Claude offering explanations in everyday language.
For bigger financial decisions, it said, people are best served by Claude working alongside licensed professionals and regulated firms. The company said it is exploring how to enable that and wants to hear from banks, wealth managers and financial services firms that want to help shape it. Anthropic called the launch a first step.
Anthropic said Claude does not see or request users’ banking passwords. Anthropic emphasised that the new feature provides read-only access to financial data and cannot move, manage or invest a user’s money. The company also noted that Personal Finance is not designed to provide investment advice and that users should verify important figures directly with their banks. Account connectivity is powered by financial data network Plaid, which allows users to authenticate directly with their banks. For connected accounts, Claude can access information such as account names, balances, credit limits and up to two years of transaction history.