Decimal makes another key appointment

Recently appointed Decimal chairman Mark Potts said the “highly regarded” Mr Mescher will “add more depth” to existing compliance frameworks and enable further growth.

“As former executive general manager for regulatory relations, compliance and operational risk, and prior to that CIO at NAB, he brings strategic counsel, experience and an intimate understanding of the issues that drive digital advice decisions in the industry,” Mr Potts said.

Mr Mescher said recording and reporting technology “will be paramount” for financial organisations to ensure compliance in the face of “increasing scrutiny” within the Australian financial services sector.

“Banks, superannuation companies and non-bank financial institutions offering advice now have access to technology that provides the transparency, audit and control required to manage compliance, at a fraction of the time and cost of manual systems,” he said.

The advisory board was formed by Mr Potts as his first initiative as chairman. Its purpose is to “provide expertise on industry disruption and trends”.

[Related: Former Decimal head joins Rubik]