Sargon provides trustee and supervisory services in New Zealand through its FMA-licensed subsidiary, Heritage Trustee Company Limited.

Sargon said it combined modern technology, financial licences and industry experts to help clients seamlessly navigate regulatory complexity, security and compliance, so they can focus on their investors and growth.

Chief executive Phillip Kingston said the company was extremely excited to be formally launching its platform in New Zealand.

“There’s great innovation in financial services already happening here. We want to combine the best of New Zealand with the best of what we have learnt from working across the region to create great financial outcomes for Kiwis,” he said.

"We believe we can help KiwiSaver schemes and corporate trusts run more efficiently, and provide them with supervisory and trustee services that have been specifically developed for the modern era of oversight and supervision.

With the Sargon Trustee Cloud platform, we are able to lower costs, reduce systemic risk and improve compliance outcomes, with a laser focus on building better financial products for Kiwis.”

Sargon’s collaborative workspace automates manual and repetitive tasks, streamlines workflows and provides proactive notifications.

Subject to regulatory approval, Sargon also plans to introduce its digital advice platform, Decimal, in New Zealand.

Decimal provides self‐service, rules-based, automated and compliant financial advice to investors, which in turn helps them to improve investor literacy and outcomes.

“It’s our vision to be a highly automated, data-driven KiwiSaver and corporate trust supervisor and trustee so our clients can be supervised in a way that not only minimises the work for them when they engage with us as their supervisor or trustee, but actually enhances the value proposition of their core business,” Kingston said.

Sargon first entered the New Zealand market through the acquisitions of the New Zealand Trust Company and FMA-licensed Heritage Trustee Company (Heritage). Through Heritage, Sargon is providing trustee and supervisory services in New Zealand.