Decimal Software Limited today launched Eqilize — a robo-advice solution aimed superannuation and financial institutions.
The package leverages Decimal’s delivery experience to provide a preconfigured solution for companies with time and resources constraints, and has been designed for fast configuration and integration on a fixed budget.
Decimal chief executive, Nic Pollock, said “we see two types of customers in the market today who appreciate the value of automated advice and want to deliver that direct to their customers — those that want to deploy and deliver value rapidly via a solution like Eqilize, and those typically larger organisations pursuing a bespoke solution”.
Decimal solutions recently hit a milestone of $3 billion in funds under advice (FUA) and according to Pollock, are integrating the needs of clients with the emerging innovations of technology.
“It’s clear this is what customers want,” said Pollock.
“We can do this now because we have real market experience.”
Pollock credited the recently released robo-advice guidelines from ASIC as a revolution for the financial industry.
“This signals an acceptance in the market and sets appropriate measures and expectations,” he said.
The platform solutions company has also launched Tentalon — a customisable technology stack allowing users to create purpose-built solutions around the existing Decimal system.
Decimal executive director, Jan Kolbusz, said “our attention is centred on empowering banks, super funds and any financial institutions with their own products by including retirement, investment and insurance products”.
In a pledge to further build the growth of online advice, Kolbusz is positive that the Decimal’s latest releases into the industry will differentiate a customer-first approach from traditional methods, featuring an end-to-end, engagement to execution service approach.
“Whether it is the Eqilize solution or the Tentalon technology stack, our new offerings have key aspects that haven’t been seen,” he said.
“We believe these will make a significant impact on the world of robo-advice.”
