Anthropic announced the launch of Personal Finance for the Claude assistant. The feature allows users to connect bank accounts and credit cards to track spending and clarify financial questions in plain language.
The integration uses the Plaid platform and offers read-only access. This means that the system cannot move, manage, or invest users’ money.
Personal Finance can query up to two years of transaction history from connected accounts. – Image: Disclosure/Anthropic
Spending analysis and identification of charges
With the tool, users can view the distribution of expenses throughout the month, organized into categories such as rent, food, and shopping. It is also possible to ask additional questions to compare spending with previous periods and identify changes in the budget.
Claude also analyzes transactions to flag potential issues such as duplicate charges, unexpected fees, and bills that gradually increase.The assistant can also assess whether the user is spending more than they earn, explain financial concepts such as the annual percentage rate (APR), and calculate how much interest was paid over the past 12 months.
In a statement, Anthropic highlighted the proposal to present financial information in accessible language: “Claude provides answers in everyday language based on your balances and transactions, and explains any term that may be new to you.”
Data privacy and competition
Connecting financial accounts provides access to a limited set of information, according to Anthropic. It includes:
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Bank name, account name, and account type;
Last four digits of the account number;
Balance and credit limit;
Transaction history going back up to two years.
The company also states that conversations conducted within Personal Finance are not used to train its AI models.
The tool does not offer ads or sponsored recommendations, nor does it sell its own credit cards, loans, or savings accounts. Anthropic also highlighted this feature as part of its proposal to provide answers without commercial interests when recommending financial products.
The launch puts Claude in competition with ChatGPT from OpenAI, which introduced similar features in May. The company’s tool also allows users to connect financial accounts and consult information about expenses and long-term planning.
The launch brings Claude closer to the personal finance features introduced by ChatGPT in May. – Image: Mijansk786/Shutterstock
Feature availability
Personal Finance begins rolling out in beta this week for subscribers to the Pro, Max, and Ultra plans in the United States.
The new feature is part of Claude’s expansion into specific industries. Earlier this year, Anthropic also launched Claude for Legal, aimed at the legal sector, and Claude for Financial Services, targeted at the financial services market.
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Valdir Antonelli is a journalist specializing in digital marketing and consumer topics.
