WTW launches fintech and digital assets taskforce

A fintech and digital assets taskforce has been launched by WTW to provide clients with consultancy support for managing risks in the “complex fintech and digital asset ecosystem”.

WTW said it has brought together its global fintech and digital assets specialists “in an integrated taskforce across all lines of insurance to help their clients navigate the evolving regulatory environment and deliver innovative insights and solutions”.

Jeremy Wall, global head of FINEX, said: “WTW has consistently stayed ahead of financial innovations and the corresponding risks by addressing the evolving needs of our clients. The creation of this is a strategic move to address the unique challenges presented by the fintech and digital assets ecosystems.”

The taskforce is being co-led by Anthony Rapa, fintech subvertical leader in North America and Trenton McNee, fintech and digital assets industry leader in Great Britain. “In today’s fast-paced financial landscape, resiliency is key to survival,” said Rapa. “As recent events have made clear, firms must have a holistic view of risks, including third and fourth-party exposures. WTW is uniquely positioned to help our clients make smart, quantifiable risk management decisions and to ensure that their organisations have the financial wherewithal to weather any storm.”

McNee added: “WTW prides itself on its innovation, collaboration and industry expertise. This is an exciting time to be in the industry and I look forward to working with Anthony and other members of our global practice as we drive best of class solutions for both our existing and future clients.”

According to WTW, key objectives of the taskforce include:

• Crafting additional bespoke insurance solutions that address the unique risks of fintech and digital assets;
• Empowering clients to capitalise on opportunities in these rapidly evolving sectors;
• Harnessing the power of WTW’s analytics to guide clients through the complexities of fintech and digital asset risks;
• Driving innovation in partnership with business leaders, tech pioneers, venture capitalists, and regulatory authorities;
• Developing new insurance solutions in challenging areas, such as physical infrastructure and generative AI, while partnering with global underwriters to unlock new capacity for custodians and asset managers.

“Our financial institutions clients are increasingly integrating digital assets into their business strategies and client service offerings, and they require tailored solutions that address both the opportunities and risks across the organisation,” said Susan Finbow, global head of FINEX Financial Institutions. “WTW’s fintech and digital assets practice is uniquely equipped to help our clients navigate the complexities and harness the opportunities in this evolving risk landscape.”