In an era of rapid digital transformation, fintech companies and crowdfunding platforms face an evolving risk landscape that demands proactive risk management. Whether it’s cybersecurity threats, regulatory scrutiny, or internal misconduct, the financial technology sector is increasingly exposed to operational and compliance challenges.
An upcoming event on 18 March 2025, hosted by EUROCROWD Member BMS Group under the title “Where do Fintech’s get sued?“, aims to provide an exclusive opportunity to delve into real-world insurance claims, offering fintech firms and ECSPR-compliant crowdfunding platforms actionable insights into mitigating potential threats. Join to hear what the risk horizon looks like for fintech companies, including real-world insurance claims case studies, invaluable networking opportunities, and, of course, breakfast!
BMS Group has teamed up with CMS, the lawyers, and Markel, the insurance company. The latter has nearly a decade of experience insuring fintech companies, having issued over 2,500 policies and handled more than 300 claims. Markel’s extensive track record in insuring fintech companies provides a unique perspective on the most pressing risks these businesses face. With a wealth of claims data at their disposal, they will share insights that can help attendees anticipate challenges before they escalate into costly legal battles or regulatory penalties.
Actionable Takeaways for Fintech and Crowdfunding Platforms
Understanding risk exposure isn’t just about identifying potential threats—it’s about knowing how to address them effectively. For ECSPR-compliant crowdfunding platforms, this means preparing for potential compliance penalties, investor protection claims, and transparency violations. Under DORA, fintech firms and platforms must also account for ICT third-party risk management, cybersecurity threats, and the financial consequences of operational disruptions. Addressing these risks proactively is key to maintaining regulatory compliance and safeguarding business continuity. This event will provide practical guidance on:
- Which fintech sectors face the highest risks
- The most common types of claims filed against financial technology firms
- Best practices for protecting your organization from financial and reputational damage
Real-World Claims and Case Studies
Attendees will gain firsthand knowledge of real insurance claims involving fintech companies, including key risk areas under ECSPR and DORA, such as investor protection issues, compliance penalties, ICT third-party risk management, and cybersecurity vulnerabilities.
- Employment Disputes: A fintech company facing a legal claim from an employee alleging discrimination against its directors.
- Cybersecurity Attacks: A fintech that suffered a ransomware attack—how it responded and ultimately recovered.
- Internal Fraud: A case where an employee secretly siphoned company funds for personal use.
- Regulatory Challenges: A fintech hit with a large financial compensation order from the Financial Ombudsman Service (FOS).
Why This Matters for ECSPR Crowdfunding Platforms
With the European Crowdfunding Service Providers Regulation (ECSPR) in full force, compliance and operational resilience have never been more critical. Crowdfunding platforms must navigate investor protection requirements, transparency obligations, and potential compliance penalties for failing to meet regulatory standards. Additionally, under the Digital Operational Resilience Act (DORA), platforms face heightened scrutiny regarding cybersecurity, ICT risk management, and incident reporting, making robust operational frameworks essential. Crowdfunding platforms must not only adhere to stringent regulatory standards but also protect themselves against financial and reputational risks. Under the Digital Operational Resilience Act (DORA), crowdfunding platforms also face strict ICT risk management and cybersecurity requirements, making resilience planning even more essential.
For fintech companies and crowdfunding platforms, staying ahead of potential risks is not optional—it’s essential for long-term success. Participants may get deeper insights into the tools, knowledge, and connections necessary to navigate the ever-changing financial landscape.
Date and time
Tuesday, March 18 · 8:30 – 10:30am GMT
Location
BMS Group1 America Square London EC3N 2LS United Kingdom
Registration via Eventbrite
BMS Group
BMS are an insurance broker offering clients direct access to key senior individuals combined with a quick digital onboarding process. We cut through the noise and offer our clients jargon free guidance, enpowering them to make better informed decisions.
