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 handing trading capability to an AI agent actually looks like in practice.
The company is not small. Founded in 2014, Scalable has more than a million clients and over €60bn under management, operating chiefly in Germany and Austria with a presence in Italy, Spain, France, and the Netherlands.
The sequencing is the interesting decision. Most institutions build an assistant inside their own product first and expose it to third parties later, if at all, whereas Scalable has gone to the external platforms before integrating the capability into its own app.
Erik Podzuweit, the founder and co-chief executive, framed it as an opening move rather than a finished product. “A lot of people might still be hesitant to let ChatGPT look at their portfolio, manage their portfolio,” he said, calling the launch “a first step”.
