OpenAI has launched a new tool called **ChatGPT for Financial Services**, aimed at helping finance professionals by automating tasks like research and analysis. This service was developed in collaboration with major financial firms like **Morgan Stanley** and **Evercore**, and it is specifically designed for use in **investment banking** and **equity research**. The tool uses a powerful AI model called **GPT-6 Astra**, combined with financial and corporate data from specialized data providers. The goal is to reduce the time spent on repetitive tasks such as gathering information, analyzing companies, building financial models, and preparing presentations for clients. ChatGPT for Financial Services provides access to a wide range of financial data, including company results, financial statements, and fundamental data from sources like **Dalupa**, **PitchBook**, **LSEG News**, and **Crunchbase**. One of its key features is the ability to trace the source of any information used in an analysis back to specific tables or passages in the original documents. This is especially important in finance, where being able to verify the origins of data and assumptions is crucial for accuracy and compliance. The tool can also assist with more complex tasks like company valuation, **LBO modeling** (leveraged buyout modeling), identifying potential acquisition targets, and analyzing company performance. Users can export results to common office tools like **Excel**, **Word**, and **PowerPoint**, maintaining the specific formatting and charts used by their institutions. In addition to performance, OpenAI has focused on addressing the strict **security** and **compliance** needs of the financial sector. The platform includes features like **role-based access control**, **data encryption**, and support for **SAML and SCIM single sign-on** protocols. By default, company data is not used to train the AI models, which helps protect sensitive information. Administrators can set policies for how long data is stored, and compliance teams can access logs for audits or investigations. These measures are essential for financial institutions that must adhere to strict regulatory standards. To further integrate with existing workflows, OpenAI plans to connect ChatGPT for Financial Services with data subscriptions that professionals already use. The service will integrate with major financial data providers such as **S&P Capital IQ**, **LSEG**, **MSCI**, **Dow Jones Factiva**, and **Moody's**, among others. Additionally, it will connect to more than 50 enterprise tools and services, making it easier for financial professionals to use the AI tool alongside their current systems. This approach aims to make the tool not only powerful but also practical for everyday use in the finance industry.