Now Claude can help with your finances too
But just like with ChatGPT, should you?
Anthropic, the company behind the AI chatbot Claude, is now offering a personal finance experience inside the platform. Beginning this week, Pro, Max, and Ultra subscribers in the United States can link their financial accounts to Claude to receive tailored financial advice from the chatbot. This feature, similar to OpenAI's ChatGPT Finances launched in May, requires users to connect their bank accounts via Plaid, a service that connects to over 12,000 financial institutions worldwide, including major US banks like Citi and Chase.
When a financial account is connected to Claude, it has read-only access, meaning the chatbot cannot manipulate or manage the user's money. Claude is specifically designed to provide personalized financial advice and cannot offer investment advice, credit cards, loans, or savings accounts. The chatbot can only access up to two years of transaction history.
Anthropic emphasizes that Personal Finance has no ads or sponsored recommendations and does not use conversations within the hub for model training. Users' privacy settings apply outside the hub. The tool can help users identify unexpected fees, double-charges, and increased monthly bills. It can also generate weekly spending charts, expense calendars, and budget breakdowns. Users can ask Claude to explain financial terms they are unfamiliar with, such as APR.
Looking ahead, Anthropic is exploring the potential for Claude to collaborate with licensed professionals and regulated firms to offer financial advice. The company is open to discussions with banks and wealth managers to explore this possibility. The timing of the announcement coincides with Anthropic's impending IPO, expected to take place within the next few weeks.
Written by urgent.news from Engadget's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
