Decimal to roll out robo-advice for instos

Decimal has announced today it will launch two robo-advice packages designed to help big businesses break into the emerging automated advice market sooner.

In a statement, the company said Eqilize is a solution geared towards superannuation and financial institutions that want to offer clients robo-advice but do not have the resources to build their own.

At the same time Decimal introduced Tentalon, a "fully customisable technology stack" that allows businesses to create purpose-built solutions.

Eqilize will be presented to the industry at an event on 28 April, while Tentalon will be rolled out for major banks in early May, the statement said.

Decimal chief executive Nic Pollock said the two new offerings are intended to help companies attract and retain clients.

"It's clear this is what the consumers want, so our objective is to help our customers deliver this to their market now," he 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.

"For them we are launching Tentalon, which is a fully customisable technology stack that allows them to create purpose-built solutions based around the underlying benefits of the Decimal system."

Decimal founder and executive director Jan Kolbusz said: "In recent times we've seen the launch of lots of consumer-focused robo-advisers. We think this choice is a good thing for customers overall, however our attention is centred on empowering banks, super funds and any financial institutions with their own products including retirement, investment and insurance products.

"We understand the varying needs of their customers and this drove the launch of Eqilize and Tentalon. Whether it is the Eqilize solution or the Tentalon technology stack, our new offerings have five key aspects that haven't been seen to date and that we believe will make a significant impact on the world of robo-advice."

Add comment

Security code

Feature Video

Latest Blogs


Key budget changes for businesses

Peter Bembrick: Small businesses in particular should benefit from these changes, which include: Company tax rate reduction Over the next decade, the company tax rate will be reduced to...More >>

Robo-advice – it’s not about us

Duncan McPherson: Sadly, it appears that the vast majority of comments are from a developer's or competitor's perspective, with very few focusing on the customer. My concern was...More >>

Regime change: Why advice rules must be unified

Philippa Sheehan: I think most of us can agree that for all its foibles, the AFSL regime is a vast improvement on all previous attempts to regulate...More >>

Latest Comments