Aon  |  Financial Institutions Practice

FinTech leaders are challenged with multidimensional pressures of a rapidly changing sector. Securing investment, managing the firm’s risks, deploying appropriate risk-transfer strategies and ensuring compliance with complex regulations are among the core challenges faced by FinTech firms.

As an umbrella term, the scope of FinTech business can include:

Enterprise and RegTech

  • Advanced analytics providers
  • Blockchain solutions and distributed ledger technology
  • RegTech and risk management
  • Core banking, insurance, asset management and capital market software
  • Credit reference data and analytics
  • Insurance and data analytics
  • Cybersecurity
  • Digital identity
  • Foreign exchange and business-to-business payments
  • Trade finance and supply chain solutions


  • Merchant acquirers and gateways
  • Payment optimization and fraud detection software
  • Loyalty software providers
  • Payments software
  • Trade finance and supply chain solutions






Although FinTechs are typically considered to be disruptors in the finance industry, FinTechs are increasingly taking on roles as facilitators or enablers for their corporate counterparts as more traditional financial institutions seek to acquire the technological advancements and data to remain competitive, rather than overhauling existing systems.

This rapid growth of the FinTech sector continues to bring both opportunity and risk.

Continued investment is critical for a sustainable operating model. As FinTechs’ risk profiles are tested by macroeconomic challenges and emerging risks, demonstrating a robust risk management strategy can enhance an investment profile.

Specialist risk consultants can support FinTechs to establish robust risk management controls and obtain appropriate coverage as required to help protect the bottom line.

Re-assessing insurance programs over time is critical. A comprehensive review of current programs ensures that the risk transfer strategies are operating efficiently, by identifying any opportunities for refinements or cost reductions.