German broker Scalable opens investment platform to major AI chatbots
The Munich broker said the service is a first step as it tests whether AI assistants can improve returns and attract more trading flow.
- On Tuesday, Munich-based broker Scalable Capital announced its more than 1 million account holders can use ChatGPT and Claude to analyze portfolios and execute trades, marking the first time a European bank has integrated external AI platforms for direct trading.
- Co-CEO Erik Podzuweit framed the launch as a "first step," acknowledging that his hypothesis on AI improving average returns remains to be demonstrated, while Scalable opted to integrate external platforms before building its own internal assistant.
- Managing more than €60 billion in assets, the broker faces complex regulatory questions regarding MiFID suitability rules and liability, while Scalable stated that security measures protect customer accounts without detailing them publicly.
- Competitors like Trade Republic and Revolut face pressure from this strategic shift, as Scalable attempts to capture user flow by bypassing its own app to reach customers on general-purpose assistants rather than branded platforms.
- Executing trades through chatbots introduces future risks, including prompt injection and model misunderstandings, making the gap between convenient portfolio summaries and automated trade execution a critical area for regulatory and security oversight.
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The Economic Times
Times of IndiaAI trading platforms: German broker Scalable opens investment platform to major AI chatbots
The new service, which Scalable said was a first for a European bank, comes in addition to the app and website as ways to access customer accounts and includes a number of security measures.
Scalable Capital connects €60bn of client assets to outside AI assistants
Scalable Capital has opened its investment platform to ChatGPT and Claude, allowing its clients to analyse their portfolios and place trades through the two AI assistants rather than through the broker’s own app. The Munich company says it is the first European bank to do this, and it arrives as the industry works out what […] This story continues at The Next Web
German broker Scalable opens investment platform to major AI chatbots
Scalable Capital is the first bank in Europe to open the depot for ChatGPT, Claude and Grok. This step changes more than buying and selling shares. It changes the rules of investment. WORLD knows the details in advance exclusively – and explains how the financial revolution works.
Scalable Capital Enables Agentic Investing, Opening Platform to ChatGPT, Claude, and Grok
German digital banking and investment company Scalable Capital has opened its platform to major AI assistants including OpenAI, Claude, and Grok. Clients of Scalable Capital will be able to connect their accounts to their preferred AI assistant via this new Agentic Investing capability, and have the assistants conduct a range of operations from developing savings plans to executing trades. Founded in 2014, Scalable Capital made its Finovate debu…
Scalable Capital opens an interface for AI assistants. The models can evaluate deposit data and prepare securities orders. However, they cannot yet act completely autonomously. read more on t3n.de
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