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The three AI tools most financial firms are running, and what their vendors actually say

Microsoft Teams, ChatGPT and Claude. What each vendor's own documentation states about retention, training defaults, deployer log access and third-party attestation, sourced line by line. No scoring, no verdict, no vendor rankings. What the documents say, and where they say nothing.

Verified September 2026 · Facts only — no scoring, no verdict

Microsoft Teams (transcription and recording)

Microsoft Teams
What survives deletion, and can you shorten it?Recordings and transcripts carry a 120-day default expiration, stored in OneDrive and SharePoint. The part that matters for a supervised firm: Microsoft states that changing the expiration setting applies only to newly created recordings and transcripts. You cannot shorten retention on anything already captured.
Is transcription on by default?Yesfor newly created meeting policies — so transcripts may exist for meetings no one decided to transcribe.
Can the deployer export and supervise?YesTranscripts and recordings live in OneDrive and SharePoint, inside existing retention and eDiscovery tooling. This is the strongest supervisory position of the three.
Does it train on your data?Not stated in the transcription documentation
Third-party attestation and its scopeOffice 365 is on Microsoft's SOC 2 Type 2 in-scope services list.
Commonly mistaken for

"Microsoft is SOC 2 certified" is true, and it does not cover the thing most buyers read it as covering. Microsoft Copilot is not named on that in-scope list — only Office 365 and Copilot Studios are.

ChatGPT

ChatGPT (all tiers)
Can the deployer export usage logs?Not on consumer tiersFree, Go, Plus and Pro accounts are individual, not workspace-managed, so there is no admin log, audit trail or supervisory path. Whatever an employee does in a personal account is not visible to the firm. Business and Enterprise have admin retention and workspace controls.
Does it train on your data?Consumer tiers: yes, by default. The opt-out lives in the privacy portal and applies only to new conversations, so it is forward-only. Business and Enterprise: no, not by default.
What survives deletion?The data-usage help article does not state what happens to content already used in training.
Third-party attestation and its scopeSOC 2 Type 2 is stated for the business products. It is not stated for consumer tiers on the enterprise privacy page.
Worth knowing

There is no longer any "Team" or "Teams" tier. Current tiers are Free, Go, Plus and Pro (individual) and Business and Enterprise (organization). Any policy written against a "Teams" tier is working from a retired product map.

Claude (Anthropic)

Claude
Does it train on your data?It depends entirely on which tier the seat was bought on, and price is not the guide. Consumer tiers (Free, Pro, Max): train on user data by default per Anthropic's privacy policy. Commercial tiers (Team, Enterprise, API): Anthropic's Commercial Terms, Section B, state that Anthropic may not train models on Customer Content from the Services. So a $100/month Max seat trains by default, and a $20/month Team seat does not. Expensed individual seats rarely reach procurement, which is where this usually goes wrong.
Third-party attestation and its scopeAnthropic's certifications article describes its SOC 2 and ISO position. The consumer tiers sit outside that scope.
What survives deletion?Organisation data retention is described in Anthropic's privacy-centre retention article. For the consumer tiers, no admin log, audit or eDiscovery path is documented in the privacy policy or the privacy-centre articles.

Three things worth doing

  1. 1Find out whether Teams transcripts exist that predate your retention policy. Changing the expiration reaches nothing already captured. If your supervisory obligations run longer or shorter than 120 days, that gap is worth knowing about before anyone asks for a production.
  2. 2Check which ChatGPT tier your people are actually on. If any of them are on a personal account, there is no admin log and no supervisory path. That is a records question before it is a security one.
  3. 3Check whether anyone is expensing individual Claude seats. A Max seat on a personal card sits outside your commercial terms entirely, and it trains by default. Expense reports are usually a faster way to find this than asking.
What this brief deliberately does not do

It reports what vendors publish. It does not score them, rank them, or tell you whether to use one.

It also cannot tell you whether your firm has a problem. That depends on your tier, your executed contract, and what your people are actually putting into these tools, and none of that is in a vendor's public documentation.

Running something other than these three?
Email the tool name to adil@shadowaiforensics.com and I'll tell you what its documentation says. No charge.

Adil Ali, Shadow AI Forensics · shadowaiforensics.com
Verified September 2026

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