Decimal signs MOU with global professional advice services organisation


Decimal Software is headed for major expansion in its global sales opportunities, after signing a Memorandum of Understanding (MOU), which chief executive, Nic Pollock, said will enhance both sales and delivery capabilities across Australia and overseas.
The MOU would leverage an international network of tier one banks and financial services companies and, along with the support from an international consulting firm, is set to provide Decimal with increased levels of exposure.
"A core focus of the new relationship will be to leverage the international network of tier one banks and financial services companies into joint sales opportunities," Pollock said.
"The partnership will enable us to scale delivery resources rapidly on a local and global basis such that delivery does not stand in the way of our success as a technology company."
In its position as the only technology company currently providing enterprise grade robo-advice platforms for banks, Decimal will now use its latest partnership to fast-track its ability to deliver global solutions.
"This agreement is recognition for having a platform that is already in the market generating real numbers for clients," Pollock said.
"We are already actively working together on target accounts."
Recommended for you
A financial advice firm has been penalised $11 million in the Federal Court for providing ‘cookie cutter advice’ to its clients and breaching conflicted remuneration rules.
Insignia Financial has experienced total quarterly net outflows of $1.8 billion as a result of client rebalancing, while its multi-asset flows halved from the prior quarter.
Prime Financial is looking to shed its “sleeping giant” reputation with larger M&A transactions going forward, having agreed to acquire research firm Lincoln Indicators.
An affiliate of Pinnacle Investment Management has expanded its reach with a London office as the fund manager seeks to grow its overseas distribution into the UK and Europe.