What we offer
The Payment Services Sector has evolved in recent years driven by technological advancements and changing regulation. Designed to foster innovation, create competition and develop a level playing field between traditional and new-age firms, the most recent development has been the implementation of the Payment Services Regulations 2017 (otherwise known as PSD2). PSD2 represents a significant development which will support the continued rise of payment related FinTech companies and provide opportunities for payment firms to create new services and revenue streams.
Protean Risk has a long history of supporting the Fintech, Payment Services, and Technology sectors, having invested heavily over a number of years to gain expert knowledge, engage with industry associations and develop an understanding of which insurers are most likely to react most positively to companies innovating in this space.
Building on this strong platform, and using knowledge of PSD2, Protean Risk has created a distinctive proposition for Challenger Banks, Authorised Payment Institutions (API), E-Money Institutions (EMI), Small Payment Institutions (SPI), Account Information Service Providers (AISP) and Payment Initiation Service Providers (PISP). The proposition has been created through combining expertise and innovation, as previously demonstrated by the creation of industry leading insurance products specifically designed to meet PSD demands. These activities have helped forge a deserved reputation within the sector for pioneering solutions, delivered through a bespoke, personal service.
Why Protean Risk?
Key related services
What our clients say
We were recommended to work with Protean by one of our Venture Capital investors. As a fintech business we have very specific requirements, meaning that we require support from advisers with the expertise in our sector. We found Protean Risk to be knowledgeable, organised and supportive throughout the process. We would be happy to recommend their services to others.
We were introduced to Protean by a trusted partner in 2016 and have worked with them ever since. As experts in Fintech Insurance, they provide a high level of technical expertise, coupled with excellent service. Protean are well connected in the Fintech arena and are also a useful sounding board on broader risk and insurance matters.
We were introduced to Protean by the firm who were helping with FCA authorisation. They really understand the PII cover requirements for PSD2 and were very quick to review our business model and services. They provided multiple options with comparisons which helped us to clearly understood and choose appropriate risk cover. We surely continue to use and recommend them.
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