Fintech platform Fi Money, backed by Peak XV and Temasek, has unveiled a groundbreaking feature that allows users to connect their financial data securely to AI tools like ChatGPT, Gemini, and Claude, enabling personalised, real-time insights into their personal finances.
The feature, dubbed “Talk to AI”, leverages Fi’s implementation of the Model Context Protocol (MCP) — a secure framework that bridges a user’s consolidated financial information and external AI assistants.
Personalised insights powered by AI
With the new tool, users can securely stream or export data — including bank accounts, investments, loans, insurance, EPF, and stock holdings — to AI assistants. Once connected, they can ask specific, contextualised questions about spending, savings, or investments and receive accurate, AI-generated responses based on real data.
“You can ask AI any personalised question about your financial data. People are calling it their CFO or their CA,” said Sumit Gwalani, co-founder of Fi Money, to Moneycontrol.
Unlike traditional AI usage, which relies on generic prompts or manual inputs, Fi’s system shares structured, consent-based financial data, drastically improving response quality while minimising errors.
Privacy and security
Fi has built robust privacy safeguards into the system. Sensitive details like PAN or voter IDs are stripped from the data before it’s shared. The platform requires two-factor authentication for MCP setup and periodic re-authentication to maintain security.
According to Gwalani, testing showed that hallucinations in AI responses dropped by 90–95% because the data is cleaned and pre-processed before reaching the AI.
Expanding beyond core banking
While initially requiring users to open a Fi savings account, the platform now allows anyone to use its AI-powered tracking and advisory services without an account. “Earlier you had to open a Fi bank account. Now, you can use Fi just to track your finances or interact with AI,” Gwalani explained.
Fi currently tracks over ₹10,000 crore in assets for 3.5 million users across India.
The MCP-based integration is available to all users via the Fi app. Developers can also set up the system using third-party AI tools like Claude or Cursor.
Future potential
Although the current feature is read-only, Fi is exploring the possibility of enabling transactions through AI — such as instructing the AI to move money or invest — subject to regulatory clarity.
This launch reflects the growing momentum of AI-driven fintech services in India. Rival platforms like Zerodha’s Rainmatter have also begun offering similar MCP-powered integrations.
Founded in 2019 by former Google Pay executives Sujith Narayanan and Sumit Gwalani, Fi offers savings accounts, loans, mutual funds, US stock investments, and more, in partnership with regulated financial entities.
The Talk to AI feature positions Fi at the forefront of India’s burgeoning AI-fintech space, promising users more intelligent, secure, and tailored financial management tools.