WTW unveils Fintech & Digital Assets Taskforce to tackle complex digital ecosystem

WTW, the broker and risk advisor, has unveiled a Fintech and Digital Assets Taskforce, in a move that is set to provide clients with consultancy support for managing risks in the complex digital asset ecosystem.

The broker has brought together their global fintech and digital assets specialists in an integrated taskforce across all lines of insurance to help their clients navigate the regulatory environment and deliver insights and solutions.

WTW has confirmed that the taskforce is being co-led by Anthony Rapa, Fintech Subvertical Leader in North America and Trenton McNee, Fintech and Digital Assets Leader in Great Britain.

According to the broker, the key objectives of the taskforce includes crafting additional bespoke insurance solutions that address the risks of fintech and digital assets, which will ultimately empower WTW’s clients to capitalise on opportunities within these rapidly evolving sectors.

As well as this, the taskforce is anticipated to guide clients through the complexities of fintech and digital asset risks, by  transforming data into actionable insights that help boost confident decision-making.

The taskforce is also expected to drive innovation in partnership with business figures, tech pioneers, venture capitalists, and regulatory authorities, ensuring that WTW’s insurance and risk management solutions evolve alongside further advancements.

And lastly, another key objective of the taskforce is to develop new insurance solutions within challenging areas, such as physical infrastructure and Generative AI, while partnering with global underwriters to unlock new capacity for custodians and asset managers.

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

Rapa, said: “In today’s fast-paced financial landscape, resiliency is key to survival. 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 organizations have the financial wherewithal to weather any storm.”

Susan Finbow, Global Head of FINEX Financial Institutions, added: “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 organization. WTW’s Fintech and Digital Assets Taskforce is uniquely equipped to help our clients navigate the complexities and harness the opportunities in this evolving risk landscape.”

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