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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Key contacts

Tristan Sargeaunt, Dip CII
Managing Director

020 3763 5352
[email protected]

Charlie Cooper, Bsc (Hons) Cert CII
Account Manager

020 3763 5356
[email protected]

Fergus Bracher, Cert CII
Account Manager

020 3763 5364
[email protected]

Why Protean Risk?

  • Extensive Payment Services, Fintech and PSD2 knowledge
  • Market leading PSD2 Insurance for AISP/PISPs
  • Exclusive PSD Bond Insurance, a new Safeguarding option
  • Extensive knowledge of FInTech insurance and wordings
  • Access to a wide range of insurers offering choice and competitive premiums

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.

Find out why clients choose us

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