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R&D Tax Credit for FinTech / InsurTech

Risk engines, fraud models & payment rails

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Why FinTech / InsurTech companies qualify

Building risk models, fraud systems, payment infrastructure, and compliant core platforms requires experimentation to meet accuracy, latency, integrity, and security requirements.

The credit is calculated on qualified research expenses (QREs) — primarily wages for engineers and technical staff who spend time on qualifying activities, plus supplies, cloud/compute, and 65% of qualified contract research.

Qualifying activities in FinTech / InsurTech

The table below lists the business components that most often qualify, a common example, and the technical uncertainty that makes each one defensible.

Business componentExampleTechnical uncertainty
Risk & underwriting engines Credit or insurance risk model Which model predicts risk accurately and fairly?
Fraud detection Real-time fraud-scoring model How to catch fraud while minimizing false positives?
Payment rails & infrastructure Payment processing, ledger system How to process reliably at scale and low latency?
Trading & pricing systems Pricing engine or execution algorithm Which approach prices and executes correctly?
Compliance & RegTech automation KYC/AML automation How to automate compliance accurately?
Core platform & ledger Double-entry ledger, reconciliation engine How to ensure consistency and integrity at scale?
Identity & data security Identity verification, encryption Which architecture is both secure and performant?
Embedded finance & APIs Banking-as-a-service APIs How to integrate reliably across partners?

Typical qualifying roles

Software and ML engineers data scientists and quantitative analysts security and platform engineers risk and modeling specialists.

Wages for time spent on qualified research may count toward your credit. Percentages depend on facts and must be documented.

Example credit scenario

Illustrative first-year ASC calculation

Qualified W-2 wages$500,000
Supplies$5,000
Cloud & computer rental$20,000
Contractor research spend$100,000
↳ 65% statutory haircut (IRC §41(b)(3))$65,000
Total QRE$590,000
Illustrative first-year ASC credit (6%) ≈ $35,400

Illustrative example using sample figures. Your actual credit depends on your facts; see Form 6765 and consult a tax professional.

The four-part test applied to FinTech / InsurTech

The IRS requires qualifying research to satisfy four tests. Here's how they typically map for this industry:

Permitted purpose

The activity aims at improving a product, process, software, or technique used in the business — not just a business outcome.

Technological in nature

The work relies on principles of engineering, computer science, biology, chemistry, or another hard science to resolve uncertainty.

Elimination of uncertainty

There was genuine uncertainty at the outset about whether — or how — the component could be built or improved.

Process of experimentation

The team evaluated alternatives: A/B tests, prototypes, benchmarks, simulations, or iterative design-build-test cycles.

See how much your FinTech / InsurTech team qualifies for

Most companies underestimate what they can claim. Our study covers every qualifying role, every component, and every year still open for amendment.

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