Experts warn of privacy risks as AI firms looks to connect to financial accounts
Experts warn of privacy risks as AI firms looks to connect to financial accounts
https://therecord.media/experts-warn-of-privacy-cyer-risks-ai-finance
Publish Date: 2026-05-18 12:18:00
Source Domain: therecord.media
OpenAI announced Friday that it is rolling out a new ChatGPT feature allowing users to connect all of their financial accounts to the chatbot for personal finance advice, a move which is raising concerns among privacy and cybersecurity experts.
The financial tech company Plaid, which connects individuals’ bank accounts to third party financial apps, is supporting the new feature. In the near future, the ChatGPT financial planning platform will also be powered by Intuit, which offers personal finance, tax prep and small business accounting software.
The feature is now available for paid subscribers to ChatGPT Pro, but will be rolled out to Plus users in the future, with the “goal of making it available to everyone” in the future, according to a ChatGPT blog post about the offering.
The platform can integrate information from more than 12,000 financial institutions, including the brokerage platform Robinhood, major banks like Bank of America, credit card companies like American Express and the investment firm Charles Schwab.
Once users connect their accounts to ChatGPT they will be able to access a dashboard that gives them “an up-to-date view of where you stand across portfolio performance, spending, subscriptions, upcoming payments, and more,” the blog post said.
More than 200 million people a month already come to ChatGPT for budgeting, investment and other financial advice, according to OpenAI.
Recent improvements in the artificial intelligence giant’s GPT-5.5, an advanced model which can analyze complicated and multi-step tasks, are supporting the new feature.
“With your financial accounts connected, ChatGPT can combine that reasoning with your real financial context and what you’ve shared about your goals, lifestyle, and priorities, helping you spot patterns, understand tradeoffs, and plan for big decisions in a way that feels more personal and complete,” according to the blog post.
The feature will allow people to “stay in…
