Claude will soon be able to access your bank accounts: here’s everything AI will be capable of

Initially rolled out in the United States, Claude’s new “Personal Finance” feature will in some sense turn the AI assistant into a banking advisor. This new feature should enable users to get a better overview of their accounts.Important point: Claude will have access to certain specific information, but it will not be able to perform any action on your bank accounts.

Claude becomes a banking advisor

Anthropic has just unveiled a new feature called “Personal Finance.” Specifically, it enables Claude to connect to your bank accounts via the Plaid platform, available in Europe.Once Claude is connected to your bank accounts, it will be able, among other things, to provide an overview of your spending for the month and break down your expenses by category (rent, groceries, bills, food, etc.). It can also answer all sorts of questions: “Are my expenses higher than usual?”, “Is there anything else I might have missed?”, “Which bills do I still need to pay before my next payday?”, “Can I afford to organize a trip?”, “How much could I save each month?”, etc.

Anthropic nevertheless reminds users that “Claude may make mistakes in its answers” and therefore advises its users to verify important information.

Anthropic guarantees that Claude will not touch your money

The issue of the confidentiality and security of bank accounts is, of course, very important here.Anthropic assures that Claude has read-only access to your bank accounts, meaning that the AI cannot move money, directly manage your finances, or make investments. It also does not have access to your banking passwords. However, Claude has access to “the bank’s name, each account’s name, its type, its last four digits, its balances, its credit limits, and its transaction history over the past two years”.

Finally, note that the American company explains that this feature “is not designed to provide investment advice”. It is a tool that may make it possible to have a better overview of your bank accounts.

Claude’s “Personal Finances” feature is being rolled out in beta this week in the United States for subscribers to the Claude Pro, Max, and Ultra plans. We do not yet have a launch date for Europe.

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Source: Anthropic