Indian fintech Fi.Money pioneers secure AI for personal finance.

In a significant move to bridge the gap between artificial intelligence and personal finance, Indian fintech platform Fi.Money has launched a new protocol designed to securely connect users' financial data with AI assistants. The company, founded by former Google Pay pioneers Sujith Narayanan and Sumit Gwalani, has introduced what it calls the first consumer-facing implementation of a Model Context Protocol (MCP) for personal finance.[1][2] This development allows users to consolidate their complete financial picture—from bank accounts and investments to loans and insurance—and share it in a structured, AI-friendly format with large language models like ChatGPT, Gemini, and Claude.[3] The core aim is to empower users to move beyond generic financial advice and ask deeply personal, data-specific questions, receiving context-aware answers based on their actual financial situation.[1]

The launch of Fi's MCP server addresses a fundamental limitation of current AI models, which lack access to the real-time, comprehensive financial context of an individual user.[1] Previously, obtaining personalized financial analysis from an AI required manually inputting data or uploading sensitive documents, a process that was not only cumbersome but also raised significant privacy concerns.[2] Fi's new infrastructure acts as a secure bridge, allowing users to privately export or stream a consolidated view of their finances to an AI of their choice.[2][4] This enables them to ask complex questions such as, "Can I afford a six-month career break?" or "How much money will I have when I turn 40?" and receive insights grounded in their real data.[1] The feature is currently available to all users through the Fi Money app, which serves over 3.5 million users across India.[1] Co-founder Sujith Narayanan described the MCP server as a secure interface that helps users ask more relevant questions and get more context-aware answers about their money.[1]

At the heart of Fi's new offering is the Model Context Protocol (MCP), an open standard developed by Anthropic AI to standardize how AI assistants connect to external data sources and tools.[5] Think of it as a universal connector, much like a USB-C port, that allows AI models to access live data and perform calculations, overcoming their inherent limitations.[6] Fi has implemented this protocol to create a secure, AI-ready layer that unifies a user's entire financial life.[2] The system is designed with privacy as a priority; the conversation and data shared remain between the user and their chosen AI assistant, with Fi unable to access or store these interactions.[7] Security measures include end-to-end encryption for data in transit and a passcode-based authentication system with a 30-minute expiry window to grant access to the MCP server.[7][8] Users have granular control, choosing which financial accounts to connect to the Fi app, and their login credentials are not shared with the LLM.[7]

The implications of this launch are substantial for both the fintech and AI industries, particularly in the context of India's advanced digital infrastructure.[3] It represents a shift from passive financial dashboards to active, conversational financial management. By giving users the power to activate their own data, Fi is pioneering a new level of consumer-facing innovation.[2] This "global first from India" allows individuals to use AI meaningfully with their own money, transforming generic AI tools into personalized financial advisors.[1][2] The platform can integrate a wide array of financial data, including bank balances, mutual fund holdings, stock transactions (both Indian and US), loans, credit cards, real estate, and more.[9] While the current functionality is read-only, Fi is exploring future transactional capabilities, contingent on regulatory guidance.[4]

The introduction of Fi's MCP server marks a pivotal moment in the evolution of personal finance, signaling a future where AI-driven, hyper-personalized financial advice is accessible to the mainstream consumer. The platform, backed by prominent investors like Peak XV and Temasek, has built upon its foundation as an integrated financial platform to deliver a genuinely innovative application of artificial intelligence.[4][10] By providing a secure and structured way for AI to understand a user's financial reality, Fi is not just enhancing the capabilities of AI assistants but is fundamentally changing how individuals interact with and understand their own money.[2][7] This move sets a new standard for the industry, where the power of large language models can be safely and effectively harnessed to provide actionable, personalized financial insights, empowering users to make smarter, more informed decisions about their economic futures.[3][11]