Vilnius, 25.02.2024
Fintech Day by the ROCKIT team – annual flagship Baltic conference dedicated to FinTech innovation. This year, the event brought together speakers from 13 countries and several hundred experts! They discussed Fintech's 2024 Game Changing Trends, the importance of investing and financing The Rise of Sustainable Financial Technologies, and many other the hottest challenges of the payments industry!
Kirill Lisitsyn, Co-founder and CEO at Torus participated in a very exciting panel discussion “Paymmnets 2.0 are we breaking the ice of just the mold”.
Panelists coming the regulation, banking and service providers segments discussed the key challenges within payments markets and foreseen trends for the nearest future. They especially agreed on the importance of having access to the source data and extracting value from this data.
Kirill focused the attention on the cases when analyzing billing and transactional data by card networks like Visa and Mastercard might bring material improvement for payments players’ P&L: saving hundreds of thousands or even millions of euros annually on the fees paid to the networks as well as 25-50% uplift in transactional profitability.
About Torus:
Torus believes digital payments, cornerstone of the cashless society, will become a real data-driven business and our ambition is to be at the forefront of this wave into a better future by providing more insights through our analytics platform. This starts with providing card issuers and merchant acquirers services to decrease cost and increase revenue and control (transparency) in an unequalled way. The Torus Analytics Platform enables issuers and acquirers to analyze scheme fees, manage control unit-level profitability and optimize pricing.
