rewrite this title Griffin Launches MCP Server for Agentic AI Banking – Finovate

Griffin has opened access to its MCP (Model Context Protocol) server, enabling developers to build AI-powered agentic applications that can simulate tasks like account opening, payments, and financial analysis.

The MCP server is currently available in a sandbox environment, allowing users to prototype autonomous finance workflows.

Griffin acknowledges that the launch is still in its early stages, but says that it shows what’s possible when it comes to agentic AI.

UK-based BaaS fintech Griffin announced today that it is opening up access to its MCP server. The new server, which is currently in beta, offers a new way for users to build agentic applications directly on the banking system.

Griffin customers can use the MCP server to have an agent open accounts, make payments, and analyze historic events. They can also use it to build prototypes of their fintech applications on top of the Griffin API. Griffin acknowledges that it’s still early days for development in the agentic applications space, but adds that its new MCP server shows what’s possible.

“There have been a few test cases floating around of people getting AI agents to engage in financial transactions, but these are generally limited to proofs-of-concept like getting an agent to buy a cup of coffee,” the company said.

While agent access is limited to the company’s sandbox environment, some of the potential future use cases will allow AI to serve as an end-to-end wealth manager, enabling AI to handle administrative tasks, and allowing customers to build their own personalized agent to handle their money in a tailored and relevant way.

Griffin’s MCP server launch will offer developers tools to simulate autonomous financial workflows and marks a step toward turning agentic finance from theory into action. While many AI tools for financial services are currently limited to narrow use cases like chatbots, Griffin is building infrastructure that could allow agents to directly open accounts, initiate payments, and manage money autonomously. If agentic applications mature, the MCP server could evolve firms’ AI use from chatbots to fully autonomous wealth managers.

Griffin was founded in 2017 and offers BaaS tools that include client onboarding, regulatory compliance safeguards, client money accounts, and payments. The company’s direct banking tools include operational accounts, credit, and lending. It also offers embedded bank accounts, client accounts, API-enabled payment options, and client onboarding tools.

Last year, after receiving a $24 million (£19 million) Series A extension round, Griffin revealed that the UK Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) granted it approval to launch as a fully operational bank.

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