AI Transparency
Understanding how artificial intelligence works in Nova Net Worth
Last updated: February 26, 2026 • Version 2.0
Understanding how artificial intelligence works in Nova Net Worth
Last updated: February 26, 2026 • Version 2.0
At Nova Net Worth, we use artificial intelligence (AI) and machine learning (ML) to help you make better financial decisions. We believe you have a right to understand how AI affects your experience, and we're committed to being transparent about our technology.
This page explains what AI we use, how it works, and how you can control it.
TL;DR: We use AI to help you make better financial decisions. Your data is never sold or used to train external models. You control all AI features.
What it does: Predicts your future spending in each category based on your historical patterns.
Technology: LSTM Neural Network (Deep Learning)
Accuracy: 87% accurate on average
How it helps: Helps you plan budgets and avoid overspending
Your control: You can override any prediction manually
What it does: Identifies unusual transactions that might indicate fraud or errors.
Technology: Statistical analysis + behavioral profiling
Accuracy: 92% detection rate, 3% false positives
How it helps: Protects you from unauthorized transactions
Your control: You can mark false alarms, improving accuracy
What it does: Suggests ways to save money, reduce debt, and reach your goals faster.
Technology: Rule-based AI + personalization engine
Effectiveness: Average $2,400/year in identified savings
How it helps: Provides actionable financial advice
Your control: All recommendations are optional—you decide
What it does: Answers your financial questions using natural language.
Technology: OpenAI GPT-4 + your financial data
Privacy: Your data is never used to train external models
How it helps: Provides personalized financial education 24/7
Your control: You can disable Charlie anytime in settings
You can see why AI made a specific prediction or recommendation.
You can manually adjust or ignore any AI prediction.
You can disable AI features individually or entirely.
You can report errors, improving the AI for everyone.
Deleting your account removes all your AI data.
You can escalate AI decisions to our team.
To exercise these rights: Visit Settings → AI Preferences
AI models are trained on YOUR data only—not shared with other users. We never sell your data.
We don't use names, SSNs, or account numbers in AI training—only transaction patterns.
For some features (Charlie AI, receipt scanning), we use OpenAI's services:
All AI data is encrypted at rest and in transit. Access is logged and audited.
We believe in honest communication about AI capabilities and limitations:
AI is not perfect: Our spending forecasts are 87% accurate—meaning 13% of predictions may be off.
Cannot predict life changes: AI doesn't know about upcoming job changes, pregnancies, or major purchases unless you tell it.
Requires data: AI needs 3-12 months of transaction history to work well. New users see statistical estimates instead.
Not financial advice: AI recommendations are educational, not professional financial advice. Consult a certified advisor for personalized guidance.
Our AI systems comply with international regulations:
For regulators: Full technical documentation available upon request at compliance@novanetworth.com
In accordance with California AB 2013 (Generative AI Training Data Transparency Act), we disclose the following about the AI models used in Nova Net Worth:
Charlie, our AI financial coach, is powered by OpenAI's GPT-4o-mini model, accessed via OpenAI's API. We also use specialized machine learning models for spending forecasting, category prediction, and anomaly detection — these are built and trained by Nova Net Worth.
We do not use your personal financial data to train AI language models. Charlie runs on OpenAI's base GPT-4o-mini model with no custom fine-tuning using Nova user data. Conversations sent via the API are not used by OpenAI for model training, per OpenAI's API data usage policy.
Our proprietary spending forecasting and category prediction models are trained on aggregated, anonymized transaction patterns. Individual users can opt out of contributing to model improvements in their privacy settings. These models do not generate text or provide financial advice — they power numerical predictions only (e.g., spending forecasts, category assignments).
AI conversation logs are retained for a minimum of 3 years for compliance and audit purposes. You can request deletion of your conversation history by contacting privacy@novanetworth.com, subject to applicable legal retention requirements.
Last updated: February 26, 2026. This disclosure is reviewed and updated quarterly.
We're here to help you understand our AI systems. Contact us:
Related Documents