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AI Trades: Your Broker Now Uses ChatGPT
25 Aug
Summary
- Account holders can now use major AI platforms for trading.
- Service integration is a first for a European bank.
- Usage of AI may lead to better investment returns.
Scalable Capital, a German brokerage founded in 2014, announced on Tuesday, August 25, 2026, that its account holders can now utilize prominent artificial intelligence platforms. These include services like ChatGPT and Claude, enabling users to conduct trades and analyze their investment portfolios. This pioneering feature is positioned as a first within the European banking sector.
The new AI-driven service complements Scalable Capital's existing app and website, providing customers with enhanced accessibility to their financial accounts. The firm has implemented several security measures to safeguard user data.
Co-CEO Erik Podzuweit described the offering as an initial phase, anticipating broader AI integration directly within its own application in the future. He posited that AI usage could potentially yield superior investment returns, though this remains to be empirically verified.
With over one million clients and more than €60 billion in assets, Scalable Capital operates primarily in Germany and Austria, with a presence in Italy, Spain, France, and the Netherlands. The company's emergence signifies increased competition within the German financial market.
