We are pleased to make the following announcement:
+ Acquisition of ThinkCaddie; A new solution to meet and track CPD obligations under FASEA's CPD legislation.
Complii is well positioned as a fintech compliance and technology driven business solutions provider seeking to benefit from the ongoing regulatory changes while also meeting the financial sector business enhancement needs of organisations, advisors and end customers. We continue to look at ways to enhance our technology offering and broaden our footprint while aiming to diversify our revenue streams focused on compliance driven and regulatory change solutions. As previously announced, we are actively engaged in reviewing and assessing strategic acquisition opportunities which are complementary to our organisational core skill set and broader customer needs.
To this end, Complii is pleased to announce the completion of the acquisition of ThinkCaddie, an innovative solution to meet and track CPD obligations under FASEA's CPD legislation.
Completion of Acquisition of ThinkCaddie
Caddie is a new platform that helps advisers and AFSLs meet their legislated CPD obligations by aggregating CPD content from more than 200 leading financial services content providers, e.g. Deakin University, IFA, Money Management, Knowledge Shop, Ted Talks, XY Adviser and more.
Described as the 'Netflix for CPD', Caddie curates hundreds of hours worth of CPD content (including articles, podcasts, videos, webinars, events and more) and delivers this in one easy-to-use platform where users can consume the content, demonstrate applied learning outcomes, and track it against their FASEA CPD requirements. The platform is completely mobile responsive, so users can learn and earn CPD points on the go.
From a management perspective, Caddie takes the administrative pain out of chasing up Representatives, by the use of automated reminder emails, progress overview snapshots, and real-time CPD reporting. Of particular benefit for an AFS Licensee with multiple representatives, Caddie provides the ability for the Principal to track the CPD position and compliance for a team and for every individual adviser, enabling early identification of CPD compliance problems.
Being purpose built in line with the new FASEA obligations communicated in January 2019, and therefore being FASEA-ready, Caddie has over 150 hours worth of CPD content spread across the FASEA knowledge areas, helping make meeting CPD requirements a breeze and no longer a chore.
Complii see’s this as an extremely positive opportunity to grow our existing product range for our current customer base, whilst extending our footprint into new market segments which require CPD training points.