Decimal is pleased to announce the appointment of Carolyn Colley as CEO. Carolyn commenced her tenure in November, during a period of achievement for the company. Carolyn previously held senior executive roles at Macquarie Bank, St George and BT Financial Group and will play an integral role in driving the company through digital disruption in the financial services industry.
Carolyn commenced her new role with Decimal by representing the company at an important advice-focused event, the FPA conference, where she met industry stakeholders and Decimal clients to better understand immediate challenges and opportunities. Her mission is to accelerate Decimal’s market strategy and product development activity, leveraging her unique understanding of the financial services marketplace and how it is being transformed by digital technology. Her recent experiences in senior executive roles at leading financial institutions, means she is well placed to help Decimal solve some of the endemic challenges faced by the financial advice industry.
“The mounting pressure on our industry is palpable,” she said. “Every stakeholder in the financial services sector is affected by the challenges of compliance – from the regulator, to IFAs, dealer groups, as well as corporate institutions. It is clear that Decimal can play a vital role in changing the financial advice model for the better through our Cloud-based technology platform, and deliver tangible benefits for advice businesses and importantly make advice more accessible and valuable to consumers.
“I am passionate about how technology can solve our compliance problems, help build consumer trust and confidence in our financial institutions and make advice accessible to more Australians. I look forward to playing a role in bringing this to fruition,” said Carolyn.
Decimal is in discussions with a range of corporate institutions, with new deals to be announced in coming months. Decimal is enabling an industry-wide shift from cottage industry, word processor-based advice generation to a cloud-based, one that is underpinned by an end-to-end financial platform where compliance and efficiency are baked into the solution. Decimal currently works with the following companies:
– Mercer Super Administration and Member Services uses Decimal’s financial planning software platform to support its phone-based advice service.
– WealthSure, a dealer group with over 180 advisers, has implemented Decimal to provide real-time financial planning and collaboration software for client engagement advice, sales, service and compliance.
– Inspired Money, a Charter licensed financial planning practice, uses Decimal to help its financial planners provide financial advice simply, efficiently and at an affordable price point for its family and SME customers. Learn why Inspired Money choose Decimal in a new video.
– CLEAR Planning Solutions (CPlan) has chosen Decimal as its technology partner for its outsourced paraplanning and support solutions. CPlan will also provide data migration services for Decimal customers requiring support in transitioning from legacy software. Decimal gives CPlan dealers more compliance control, whilst giving advisers more flexibility.
“Decimal ends 2014 in a strong position with live customers across all segments of financial advice: IFA’s, industry funds and corporate institutions. We are poised for further growth in 2015 and I look forward to working with the team to solve our industry’s compliance problems, while building a true omni-channel advice experience for consumers,” concluded Carolyn.
