Class appoints industry expert to data feed position

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Class Ltd, maker of Class Super and Class Portfolio, has announced the appointment of Tom Sargent, a “high profile figure in the financial services industry”, as Feeds Operations Manager.

“Tom will drive innovation and growth in the delivery of data feeds to accountants, administrators, planners and their clients, supporting Class’ technology leadership in this area,” said the announcement.

According to Class, Mr Sargent has over 30 years experience in retail banking, fund management operations and wrap platforms. This includes over 20 years at Macquarie Bank, of which 7 was as Head of 3rd Party Connectivity and Integration.

“Tom is passionate about strategising and delivering disruptive, leading edge technology solutions for financial intermediaries and their clients.”

Following the announcement, Tom Sargent said: “Class is a highly respected leader in the SMSF industry and a recognised innovator in the area of data feeds and compliance. I’m very excited to be joining such a progressive team of people and to bring my expertise to the table.”

Class Ltd CEO Kevin Bungard said he was delighted to welcome Tom to the Class team, “having someone of his calibre join the organisation is a huge coup for the business”.

“With the New Payments Platform and Open Banking initiatives underway, we’re seeing the data feeds area evolve very quickly. Delivering data feeds in a way that is audited and reliable is critical to the efficiency of accounting firms, and underpins the industry move towards digital SMSF. Tom will lead innovation in this area,” he said.

Class said it “pioneered direct-connect data feeds” in the SMSF industry and is the only SMSF software provider with ASAE 3402 Type 1 and 2 certification. Though the value of this type of certification has been questioned by a competitor.

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