Fintech

Innovate fearlessly with WTW

Fintech businesses face rapid change and unique risks. Whether dealing with regulatory pressures, cybersecurity concerns, or technological advancements, we are here to help. Our risk management solutions are designed to support your company’s growth while protecting against the challenges of an evolving market. With deep expertise in both finance and technology, we work alongside you to turn potential risks into opportunities for success.

Key risks facing fintech companies

In today’s landscape, nearly every financial institution relies on technology to operate, blurring the lines between traditional finance and fintech. However, fintech firms, those built on disrupting or improving financial processes, face their own distinct set of risks. Here are some of the most pressing challenges:

• Regulatory uncertainty: The financial industry is one of the most regulated, and fintech firms often tread into uncharted territory as they innovate. Navigating these regulatory grey areas is critical to avoiding compliance issues, fines, and disruptions to their business models.
• Market volatility: Economic shifts and geopolitical events can impact fintech firms not only by affecting operations but also by limiting access to essential investment capital, making it more difficult for firms to expand or sustain innovation.
• Cybersecurity challenges: As digital-native entities, fintech companies face heightened exposure to cyber threats. Beyond their own defenses, they also depend on third- and fourth-party vendors for critical services, such as cloud storage and payment processing. These external dependencies can create vulnerabilities that expose fintechs to potential data breaches and operational disruptions.
• Tech reliability and resilience: In the fintech world, seamless technology is the backbone of customer trust and operational success. A system outage or technology failure can erode that trust quickly, making resilience a key factor in maintaining a strong, reliable infrastructure.
• Talent competition: The competition for skilled professionals in the tech and finance sectors is fierce. Fintech companies need to offer not just competitive compensation but also clear growth pathways to attract and retain top talent.
• Innovation risk: Fintech firms are at the forefront of adopting and implementing new technologies like generative AI. However, the pressure to stay ahead can result in the introduction of unproven tools that may expose the company to operational missteps or reputational damage if not carefully managed.

Managing fintech risk

We offer tailored solutions that evolve with your business, helping you anticipate and address the complex risks fintech companies face. With a deep understanding of the sector’s unique needs, we’re well-positioned to guide you through today’s fast-paced environment.

Why WTW

At WTW, we recognize that every fintech company is different. Drawing from decades of experience in financial institutions, we deliver solutions that are customized to your specific goals. Here’s why fintech clients choose us:

Advanced analytics

• Data-driven decisions: WTW equips clients with cutting-edge analytics tools, helping you make informed decisions that are aligned with your risk profile. From diagnostics to predictive modeling, we offer the insights you need to stay ahead.
• Real-time insights: Through our Risk Intelligence Quantified platform, you gain round-the-clock access to real-time insights, allowing you to incorporate our analytics into your internal strategies seamlessly.
• Digital innovation: We continue to lead the way in digitizing insurance procurement, making it easier than ever to manage risk with full access to your policies, analytics and program history.

Specialized expertise

• Industry-specific solutions: Combining our expertise in both finance and technology, we create risk strategies tailored to your unique needs. Whether your firm is exploring blockchain, embedded finance or AI solutions, WTW delivers comprehensive support.
• Strategic partnership: WTW offers the personalized service of a boutique broker with the global resources of a large firm. We help guide you from startup to IPO, all while supporting your growth with a long-term view of success.
• Cyber risk leadership: WTW is a global leader in cyber risk management, offering solutions that protect fintech companies from the evolving landscape of cyber threats. We provide both traditional insurance and alternative risk transfer options to fit your business needs.

Dedicated client service

• Tailored attention: No matter your size, from early-stage startups to well-established companies, WTW ensures you receive a high level of support and personalized service to manage your risk program effectively.
• Integrated approach: Our consultative model rejects a transactional approach, integrating our team with yours to provide continuous support throughout the year.
• Long-term relationships: We don’t just solve today’s problems; we work with you to build long-term partnerships with insurers and create a roadmap that supports your company’s future growth.

Our capabilities

As a leading global insurance broker, WTW offers a wide range of solutions, including:

Contact us

Ready to secure your fintech company's future? Contact our experts today and discover how WTW can help you navigate the complexities of the fintech world with confidence.

Disclaimer

Willis Towers Watson hopes you found the general information provided in this publication informative and helpful. The information contained herein is not intended to constitute legal or other professional advice and should not be relied upon in lieu of consultation with your own legal advisors. In the event you would like more information regarding your insurance coverage, please do not hesitate to reach out to us. In North America, Willis Towers Watson offers insurance products through licensed entities, including Willis Towers Watson Northeast, Inc. (in the United States) and Willis Canada Inc. (in Canada).