Scalable Adds AI Chatbots for Trading

German broker Scalable Capital now allows clients to use AI chatbots like ChatGPT and Claude for trading and portfolio analysis. The move marks a European first as the firm prepares for broader artificial intelligence adoption.

A keyboard is seen reflected on a computer screen displaying the website of ChatGPT, an AI chatbot from OpenAI, in this illustration picture taken February 8, 2023. REUTERS/Florence Lo/Illustration

Scalable Capital allowed its 1 million clients to execute trades and analyze portfolios using AI chatbots on Tuesday morning. The new service marks a European banking first, expanding account access alongside traditional apps. Scalable manages more than €60 billion in assets across Germany and Austria as well as Italy, Spain, France, and the Netherlands.