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INSURANCE FOR FINTECH DEVELOPERS, PAYMENT PLATFORMS & DIGITAL BANKING SOLUTIONS
Protecting Fintech innovators from software failure, data risk & regulatory exposure
Fintech platforms and financial software products carry some of the highest risk profiles in technology. Robust insurance helps safeguard your clients, transactions, partners and operations.
Why Fintech Developers Need Specialist Insurance
Fintech involves high-value transactions, sensitive data, third-party integrations and regulatory oversight. Insurance protects against financial loss, cyber events, service failures and compliance actions.
- Covers financial loss caused by software or API failure
- Required by banks & financial institutions
- Protects high-value financial transactions
- Cyber & data breach protection
- Supports FCA, PCI-DSS & GDPR compliance
- Protects reputation & platform reliability
What Insurance Fintech Developers Need
Fintech is high-risk. These are the core covers required to operate safely and comply with major financial partners.
Essential cover
- Errors & Omissions (Tech E&O)
- Professional Indemnity (PI)
- Cyber Liability & Data Breach
- Financial Loss cover
- Regulatory defence & investigation costs
- System failure & downtime protection
Optional cover
- Directors & Officers (D&O)
- Cybercrime & fraud cover
- Contract dispute defence
- Product liability (hardware + terminals)
- Business interruption
- Intellectual property defence
Common Scenarios Where Fintech Developers Face Claims
Fintech risk examples
- API failure causing blocked transactions
- Security breach of financial data
- Incorrect data processing impacting customer accounts
- Payment gateway outage
- Regulatory breach due to faulty code
- Fraud due to software logic errors
Who needs this insurance?
- Fintech Developers
- Payment Gateway Providers
- Banking-as-a-Service (BaaS) platforms
- Crypto & Digital Wallet Developers
- RegTech & Compliance Tools
- Financial API integrators
“Insure24 provided the specialist cover we needed to sign our first banking partnership — the process was fast and effortless.”
CEO – Fintech API PlatformFREQUENTLY ASKED QUESTIONS
+>-Do Fintech developers need specialist insurance?
Yes — fintech involves high-value data, money movement, security risks and regulatory oversight. Insurance reduces exposure.
+>-Does E&O cover financial loss?
Yes — E&O is designed to cover pure financial loss caused by software failure, integration issues or service interruption.
+>-Does Cyber Insurance cover financial data breaches?
Yes — including forensics, fines (where insurable), legal defence and notification costs.
+>-Do Fintech firms need regulatory liability?
Many fintech businesses require regulatory cover to meet partner, bank or FCA expectations.