With significant advancements in technology and artificial intelligence, research and development within the financial services sector is at an all-time high. Innovation within this sector has led to the rise of financial technology (sometimes called ‘FinTech’) such as crypto-currencies, digital banks and new financial investment apps. Claiming R&D tax relief within the financial services sector gives your company a helping hand when it’s needed the most.
Financial services experts who really understand your business
At Ayming, our team of financial services specialists are tax & accounting professionals who can really understand your business. Our experience means we can provide peer to peer conversations with your team to learn about your projects and identify all eligible expenditure for your R&D tax claims.
Simon Bailey, Head of IT & Operations, Numis Securities
What counts as research and development in financial services?
You may be eligible for R&D tax relief if your business is involved with any of the following areas
- Devising mathematical models to simulate asset management processes and back-testing model validity based on benchmark returns.
- Extracting models from time series to predict inflation or evolution of rates.
- Development of a real time stock exchange data processing system.
- Multimodal identification methods respecting user privacy.
- Innovative algorithms to allow trading operations to comply with new stock exchange regulations.
- B2B platform based on a new language.
- New payment protocols between a web server and a terminal.
- Development of new actuarial and financial software systems offering significant additional functionalities over existing versions.
- Development of algorithms for fraud detection and prevention.
Why choose Ayming?
We make sure that we:
- Optimise your claim value, having increased clients’ historic claims by as much as 6 times.
- Do the legwork and streamline your processes.
- Minimise the impact on your team’s time and resources.
- Safeguard against HMRC enquiries by ensuring your claims are low-risk and robust.
What’s more, every year we analyse more than 15,000 research and development projects worldwide.