Scalable Capital connects €60bn of client assets to outside AI assistants

Scalable Capital now offers ChatGPT and Claude to its more-than-one-million clients, who hold about €60 billion in assets, enabling portfolio analysis and trade execution through the external AI tools. Founder Erik Podzuweit calls the launch an initial phase and confirms security safeguards, though trade-confirmation procedures, limits and liability terms are not disclosed. The model reverses the usual internal-assistant-first approach, prompting MiFID II regulatory scrutiny over suitability and appropriateness.