Josh Daniell

their financial accounts into this chat bot.

And that way the chat bot has all the context of your financial life.

So you can chat with your finances.

That could be it.

It could be, you know, coming back to an example before cancel the subscription.

It could be, hey, where do you think I'm tracking to in a year's time?

It could be, please scan the market and tell me if I should be using different financial products than what I've got currently.

And if so, help me sign up to those new providers.

Yes.

Absolutely.

So every listener will have deposits somewhere.

So a financial product that we all use and they are probably not earning any interest.

They could be.

And so if an AI was acting as your agent and giving you advice on optimizing your finances, it will be recommending moving those deposits somewhere where they are working harder for you.

It's a really good question.

And this is moving at such pace that I'm sure a lot of regulation is actually being breached.

But basically in New Zealand, if you are giving personalized financial advice, it is regulated and you can't opt out of that.

So a lot of products will try to stay on the other side of that line.

They'll try to give

advice, but at a general level so that it's not personalized and they're not being tipped into the regulation.