Anthropic has launched an AI tool aimed at financial services providers which is designed to analyse markets, conduct research and make investment decisions.
The Financial Analysis Solution, which is has already been rolled out at several financial institutions, including NBIM, Commonwealth Bank of Australia, and AIG, aims to unify financial data from market feeds to data stores in platforms into a single interface.
Anthropic said that users will be able to access data sources with direct hyperlinks and the service will have expanded capacity for demanding financial workloads.
Additionally, users will have access to Claude 4 models, which Anthropic claims outperform other models for financial tasks.
Using Claude Code and Claude for Enterprise, Anthropic said financial firms can modernise trading systems, develop proprietary models, automate compliance, and run complex analyses including Monte Carlo simulations and risk modelling.
As financial institutions require the highest standards of data protection, Anthropic said that by default the data used on the new tool will not be used for training the firm’s generative AI models to maintain confidentiality of intellectual property and client information.
Anthropic said it has built the Financial Analysis Solution with financial and enterprise technology providers, such as Morningstar, PitchBook and Databricks, which gives Claude the ability to instantly check information across multiple sources.
The company said this creates a fundamentally more reliable way to analyse financial data as information is verified across sources to reduce errors, every claim links directly to its original source for transparency, and complex analysis that normally takes hours happens in minutes.
The Financial Analysis Solution is already in use by selected financial institutions and Anthropic claims they are seeing positive results.
“Our strategic partnership with Anthropic is foundational to our success and our strategy to become a global leader in AI innovation in banking,” said Rodrigo Castillo, chief technology officer at commonwealth Bank of Australia. “Claude’s advanced capabilities, combined with Anthropic’s commitment to safety, are central to our purpose of harnessing AI responsibly, as we drive for transformation in critical areas like fraud prevention and customer service enhancement.”
The service is available on AWS Marketplace and will be available on Google Cloud marketplace soon.
“With the incorporation of Claude’s advanced capabilities into our underwriting process, we have been able to compress the timeline to review business by more than 5x in our early rollouts while simultaneously improving our data accuracy from 75 per cent to over 90 per cent,” said Peter Zaffino, chief executive, AIG. “This collaboration is about propelling growth and providing our underwriters the tools to make better decisions at an accelerated pace, ultimately driving our ability to serve more clients with greater insight.”
