ChatGPT can now manage your wallet and bank accounts: OpenAI introduces personal finance tools

Keeping track of expenses, subscriptions, savings goals and monthly bills is not everyone’s cup of tea. In this context, OpenAI has launched a set of new personal finance tools for ChatGPT that allows users to connect their bank accounts and receive personalized financial information directly from the chatbot.

OpenAI's partnership with financial data network Plaid will allow ChatGPT to securely access information from checking accounts, credit cards, savings accounts, loans and other financial sources. Once connected, users will be able to integrate these with AI to better understand what their spending trends and cash flow patterns are, and learn how to improve their financial habits.

According to OpenAI, ChatGPT will have a purely read-only function, meaning it cannot make transfers, payments, or perform any type of operation. The system is intended to offer guidance rather than control over financial accounts. Moreover, it should be noted that this service is only available in a preview version for ChatGPT Pro subscribers in the US.

While this feature may prove to be one of the more useful applications of the platform in the real world, the launch also raises important questions about privacy. Financial information is among the most sensitive personal data that consumers possess, so users may hesitate to give an AI assistant access to their banking history.