Payment Service Providers

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 including the Emerging Payments Association, Association of Foreign Exchange and Payment Companies and the Association UK Payment Institutions, 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.

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