According to Bloomberg, Bridgewise has been given permission by the Israel Securities Authority (ISA) to introduce the bot, named Bridget, with Israel Discount Bank later this month.

According to an ISA spokeswoman who talked to Bloomberg, Bridget may respond to user inquiries by suggesting securities to buy and sell, but she is unable to provide advise that is unique to each individual consumer.

CEO of Bridgewise Gaby Diamant states: "It's ChatGPT, but with a financial edge. We have taken a methodical approach to everything, including the regulators at every stage."

In addition to collaborating with a second Israeli bank and a Brazilian retail trading platform, the business plans to launch 12-month share price projections, transcripts of earnings calls, and assistance for consumers creating personalized themed portfolios.