Trovata claims to be the first generative AI entrant in the fintech space with Trovata AI, which uses OpenAI’s ChatGPT technology. The company is rolling out a product beta to select customers beginning in May.
In a statement, Trovata said its customers will be able to ask Trovata AI open-ended and complex questions such as, "Give me a report showing all of my company’s cash outflows by cash flow type," or "Provide me with a list of cash inflows in US$ greater than $10,000 for the past month in descending order."
The company has applied for a patent on its formulation methodology for prompting that allows ChatGPT to access Trovata’s analytics and data APIs.
Trovata is backed by J.P.Morgan, Wells Fargo, and Capital One and its clients include Square, Eventbrite, and Krispy Kreme.
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