Your AI assistant can now see your bank account

As North American banks lock AI agents out, Danish fintech Subaio opens the door the safe way: read-only, through open banking, and on the data engine behind the largest banks in the Nordics.

Aalborg, Denmark, 6 November 2026 – Banks in the US and Canada spent October locking AI agents out of their customers’ accounts. Today, a Danish fintech is opening the door instead.

Ask an AI assistant what you spend on food, and until today it would guess. From today, it can know.

Subaio, which has spent ten years turning raw bank transactions into financial understanding for European banks, today opens its MCP server to everyone in Denmark. MCP is the open standard that lets AI assistants connect to outside data. Private individuals and companies can now connect their own bank accounts to ChatGPT and Claude and ask the questions they actually have: What do I really spend on food? Can I afford to change jobs? What could I cut without noticing? It is free for private individuals at monaio.dk. Companies pay. Other European markets follow.

“For years the industry has talked about AI that understands your money. It never could, because it had never seen your money. As of this morning, it can,” says Thomas Laursen, CEO and co-founder of Subaio.

No password. No payments.

The agents that the largest banks in the US and Canada have blocked log in with the customer’s own username and password and can act on their behalf. Subaio works the other way round. The assistant never receives the bank login details and cannot transfer funds. It reads account data through regulated open banking (PSD2), and only with the user’s explicit consent.

“Shutting AI out does not stop people asking it about their finances. It just means it answers blind. We would rather give it the real numbers, safely,” says Thomas Laursen.

Access is easy. Understanding is the hard part.

Some services now pipe raw transactions into AI assistants. Subaio starts where they stop. Its engine identifies recurring payments, subscriptions, and merchants, cleans up cryptic transaction texts, and categorizes every line. The same engine has run in production inside some of the largest banks in the Nordics and across Europe for a decade.

“One of our first users could finally see where his money was going and hold it up against his own behavior. He now saves around €5,000 a year. That is what happens when the assistant stops guessing,” says Thomas Laursen.

The bank’s next front door is an app the bank does not own

Subaio’s customers are banks and companies, and the MCP server is built so they can offer it to their own customers under their own brand. Subaio is in dialogue with several large Nordic banks and expects the first to launch it to their customers within 2026.

“Every bank is building its own AI inside its own channels. Banks that aren’t part of the open AI channels will wake up one day to find their customers’ money conversations happening somewhere they aren’t invited. We built this so they can be,” says Thomas Laursen.

About Subaio

Subaio turns bank transaction data into a real understanding of people’s and companies’ finances. Headquartered in Denmark, with the Nordics and Benelux as home markets, Subaio’s real-time enrichment and transaction intelligence run inside the digital channels of leading European banks, including ABN AMRO, Nordea and Nykredit. That puts Subaio in front of millions of bank customers every day. Subaio also works with Experian and delivers data to fintechs, lenders and companies. subaio.com