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You are at:Home»AI»OpenAI launches ChatGPT for personal finance, it will let you connect bank accounts
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OpenAI launches ChatGPT for personal finance, it will let you connect bank accounts

techtost.comBy techtost.com16 May 202603 Mins Read
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Openai Launches Chatgpt For Personal Finance, It Will Let You
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On Friday, OpenAI released a new set of personal finance tools in preview for ChatGPT Pro subscribers in the US, allowing them to link their accounts and ask questions ranging from spending analysis to future financial planning.

OpenAI has partnered with financial connection service Plaid to manage account connections. Users can connect with more than 12,000 financial institutions, including Schwab, Fidelity, Chase, Robinhood, American Express and Capital One. Once users link these accounts, they’ll see a dashboard of their portfolio’s performance, spending, subscriptions and upcoming payments.

The new product comes just a month after OpenAI acquired the team behind personal finance startup Hiro, which was backed by the likes of Ribbit, General Catalyst and Restive, in April. OpenAI said the Hiro team’s expertise in finance was helpful in launching this product, but did not specify whether the entire feature was created by them.

OpenAI users can access the tool by selecting “Get Started” under the “Finance” option in the sidebar or by typing “@Finances, connect my accounts” in a ChatGPT conversation. Once users do this, the chatbot will guide them through connecting accounts through Plaid. The company said it plans to soon support Intuit, which will enable analysis such as the impact of a stock sale on taxes or the likelihood of credit card approval.

Image Credits:OpenAI

According to OpenAI, more than 200 million users already ask financial questions on ChatGPT every month. The company also noted that the new GPT-5.5 model is more robust in logic with context, which is critical for answering finance-related questions. The company said it worked with financial experts to create a benchmark for the model that will improve on personal finance.

With the integration of the new financial tool, users can get detailed answers to questions like “I feel like I’ve been spending more recently. Has anything changed?” or “Help me make a plan to be ready to buy a home in my area in the next 5 years.”

Users can go to Settings > Apps > Finance to remove links to specific accounts if they want. Once they disconnect a service, synced data will be removed from ChatGPT in 30 days. In addition, users can also view and delete financial memories from the Finance page.

Generalized chatbots are designed to answer anything, prompting people to ask questions about data-sensitive topics like health, finances, and personal life. AI companies are realizing this and building specialized products for these areas. Both OpenAI and Anthropic have released tools related to health. Earlier this month, Perplexity released its own financial research product based on its computer agent.

OpenAI said its personal finance tools will be available on ChatGPT on the web and on iOS for Pro users. He noted that based on feedback from these users, he wants to improve the product before making it available to Plus users.

When you purchase through links in our articles, we may earn a small commission. This does not affect our editorial independence.

Accounts bank ChatGPT connect Finance finances Launches OpenAI personal
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