Sequential, a financial service consultancy based in Australia, has inked a memorandum of understanding (MOU) with Decimal Software to offer robo-advice service to its clients.
Under the MoU, Decimal will roll out its Eqilize digital advice solution to Sequential clients.
Sequential CEO Adrian Johnstone said that the agreement results from a significant rise in the number of inquiries from superannuation providers looking to deliver robo advice.
“We’re fielding an increasing amount of interest from superannuation funds about how to move seamlessly into digital engagement for their members. Decimal, having already built the software and established itself in the market, allows this to happen immediately,” Johnstone sated.
Decimal CEO Nic Pollock added: “This partnership will increase our reach into the market and affirms the strength of our technology as robust and scalable to meet the demands faced by the superannuation sector.”
Decimal has partnered with various superannuation providers in the recent the past. In February 2017, consulting firm Mercer announced a partnership with Decimal to offer Decimal’s Eqilize solution across the super funds it services. In October 2016, Statewide Super teamed up with Decimal to offer digital financial advice to its members.