OpenAI has introduced ChatGPT for financial institutions

OpenAI has launched a dedicated version of ChatGPT for financial institutions. The new product combines financial data, research and modeling tools with the capabilities of GPT-6 Astra. In the initial phase, the solution is targeted at investment banks and teams focused on equity research.

In developing the product, OpenAI collaborated with Morgan Stanley and Evercore. ChatGPT for financial institutions provides access to data from Daloopa, PitchBook, LSEG News, and Crunchbase, including financial reports, earnings call transcripts, company information, and private business data.

The system also supports integrations with S&P Capital IQ, LSEG, MSCI, Dow Jones Factiva, and Moody’s. OpenAI states that data sources include links to specific tables and document excerpts, allowing users to verify the information.

ChatGPT for financial institutions can be used for company valuation, LBO modeling, financial statement analysis, identifying potential buyers, and preparing client presentations. GPT-6 Astra also assists with working on spreadsheets, financial models, and documents.

Organization administrators can upload their own Excel, Word, and PowerPoint templates, as well as corporate style guides.

According to OpenAI, the solution leverages the enterprise security features of ChatGPT Enterprise, including SSO, SCIM, and role-based access control. Company data is not used by default to train models, and information is encrypted during transmission and storage.

ChatGPT for financial institutions is already available to eligible financial institutions.

Source: openai.com