Nadine Higgins

We need to take a quick break.

But after that, we'll find out some of the cool new things you might be able to do thanks to AI.

Welcome back to the Prosperity Project.

We're talking to Josh Daniel about financial tracking apps.

And Josh, before the break, we mentioned AI.

This seems like such a sitter for AI to revolutionize the space.

What are you seeing out there on the tech horizon that might bring about much greater capability in these apps?

Chat with your finances.

What does that actually mean?

You're literally like, hey, finances, how am I doing this month?

Is there enough publicly available information for it to do that?

So it can scan for what?

Would it be like mortgage rates or, I don't know, managed funds or what?

Where does that stray into?

A bot is giving financial advice on a product that, under New Zealand legislation, there needs to be disclosure.

They need to know that it's fit for purpose.

There needs to be a complaints regime.

When does that actually become regulated financial advice but delivered by a bot?

And there aren't exactly borders on the internet, right?

I mean, a little bit, but not really.