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Business

A major German bank just let Claude and ChatGPT trade for customers. In one test, Claude beat human traders 76% of the time—but there’s a catch

Fortune ·
A major German bank just let Claude and ChatGPT trade for customers. In one test, Claude beat human traders 76% of the time—but there’s a catch

Watch out, investors—the AI boom is making its way to you.

Scalable Capital is opening its investment platform to AI assistants including ChatGPT, Claude and Grok—giving European investors the ability to analyze portfolios, set up savings plans and place trades through prompts.

The Munich-based bank told Reuters that it is the first bank in Europe to open its platform to major AI assistants.

Its new “Agentic Investing” service allows customers to connect their Scalable accounts to supported AI agents through the Model Context Protocol, or MCP.

The move puts AI directly into the trading workflow.

Scalable Capital Chief Product Officer Alexander Siepp told Fortune the company sees the integration as a way for investors to begin their financial “client journey” inside an AI assistant and complete it through Scalable’s regulated banking infrastructure.

“It certainly creates a level-playing field,” he said.

“Access to information and to compute and to intelligence is now available—really—literally in your pocket, 24/7.” But Siepp noted it may take time to become fully integrated with Scalable’s client base.

“Maybe not for all client segments at the same speed,” Siepp said.

“But we clearly see potential that there is a large group of clients that would be interested in doing it.” Scalable Capital, founded in 2014, has grown into one of Europe’s largest digital investment platforms.

The company also told Reuters it has more than €60 billion in client assets and more than 1 million customers, primarily in Germany and Austria, with operations also expanding across countries including Italy, Spain, France and the Netherlands.

The company’s roots are in making investing more accessible through digital brokerage and wealth-management services.

Scalable has also expanded its trading offering to include derivatives, and said in July that it would offer more than 1.8 million derivatives from seven major issuers.

Siepp said that the program can fundamentally change how investors interact with their brokerage accounts.

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