Finom, the European financial platform for SMEs with more than 300,000 customers, launched Finom MCP on 22 October. The connection is built on the open Model Context Protocol and lets customers ask in plain language about transactions, invoices, cards and accounting data from within Claude or ChatGPT. In this first phase access is read-only: it does not move money, issue cards or change the account. The service is included in every plan and is rolling out across the EU.

What it means: Finom is doing something we will see more often in banking and accounting services for businesses: instead of bringing users into its app, it brings their data to where they already work, inside an AI assistant. Choosing an open standard such as MCP means the same connection can serve different assistants without lock-in to one provider. For Greek small businesses and freelancers the practical value is obvious: questions such as how much went to suppliers last month or which invoices are still unpaid get answered in seconds. There are two points to watch, though. First, the financial data retrieved is processed by the AI provider under its own contract, so a business needs to know where that data goes and whether this fits the GDPR and any confidentiality commitments it has made. Second, the answers are produced by a model, so for tax returns, VAT and myDATA submissions the official source remains the platform itself and the accountant. Starting with read-only access is sensible, and the next step, actions approved by the user, should come with strong authentication.

Read the original on Finom

Related service: myDATA integrations

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