Finom has launched a new integration allowing users to query their financial data directly through Claude and ChatGPT. The feature, which is available across all Finom plans, rolls out pan-EU starting October 22, 2026. Users can now interrogate transactions, wallets, invoices, cards, and accounting data without leaving their AI assistant.
Read-Only Access and Security Boundaries
The initial release focuses exclusively on read-only access. This design choice reflects both technical constraints and a deliberate strategy regarding trust. Both Anthropic and OpenAI explicitly prohibit write actions that would result in money movement within their current models. Finom’s chief product officer, Kristjan Kaar, acknowledged that the company is not the first to publicize such an integration.
“We are not the first to public MCP and we will not pretend to be,” Kaar said. “We’re starting with a first set of read-only access, with write capabilities to follow, all built on an open standard rather than a walled garden.”
The connection does not move funds, issue cards, or alter account settings at launch. Finom’s chief AI officer and co-founder, Ivo Dimitrov, described the engineering priority as boundary design rather than model sophistication. He emphasized that the critical components are the user’s own login, access scoped to their existing role, and the ability to revoke access at any time.
Open Standard and Regulatory Alignment
Finom utilizes the Model Context Protocol (MCP), an open standard backed by Anthropic that is gaining traction across enterprise tooling. This approach positions the company to extend connections to additional product areas without renegotiating closed partnerships. The company noted that competitors Qonto and Pennylane reached public MCP integrations first, a transparency that highlights the emerging nature of the protocol.
The architecture aligns with the EU’s PSD2 framework, which mandates open APIs for account data access. Finom holds an Electronic Money Institution license issued by De Nederlandsche Bank. An MCP layer built on top of regulated API access sits closer to the spirit of open finance than screen-scraping or credential-sharing models. The phased approach mirrors the strong customer authentication logic applied to payment initiation under PSD2 and the incoming PSD3 regime.
Access is controlled entirely by the customer. The connection is initiated from within the AI assistant, redirecting users to a Finom-hosted consent screen where they authenticate with their existing credentials. Role-scoped access ensures users can only surface data their Finom account already permits them to see. No credentials are passed to the AI provider, and data retrieved through MCP is processed under the customer’s own agreement with their AI provider.
Finom remains transparent about the limitations of AI-generated answers. The Finom app remains the authoritative record for official statements and reporting. The company raised a 115 million euro Series C in June 2025, bringing total funding to more than 300 million euros. It currently serves more than 300,000 businesses across Europe. The next phase of the Finom AI integration, which will allow assistants to prepare actions for customer confirmation, has no published timeline.
Source: The Fintech Times
