Sargon is now licensed under the Financial Markets Supervisors Act 2011 to act as a supervisor of debt securities and registered schemes, including KiwiSaver.
The renaming takes place just over three weeks after the financial technology and infrastructure company officially launched in New Zealand, unveiling its next-generation trustee cloud infrastructure to power KiwiSaver schemes and other financial products.
“For a number of years, Sargon has held ambitions to deliver our services and technology to New Zealand to create great financial outcomes for Kiwis,” said chief executive Phillip Kingston.
“While today’s renaming is a somewhat technical change, it’s an important milestone for our team and clients as we seek to further expand our presence in New Zealand, leveraging what the Heritage team started here, more than 20 years ago.
“We’ve transformed the old supervisor model by combining the deep local knowledge and expertise from our established team in New Zealand with our innovative technology and financial services experience from across the region.”
As part of the Sargon Trustee Cloud, Sargon plans to introduce its digital advice platform, Decimal, in New Zealand, subject to regulatory approval.
Decimal was first launched in Australia in 2013 and on a monthly basis, facilitates up to 5,000 first-time users of online advice and provides over 2,000 advice documents.
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