…The product can also be used for banking services or embedded finance.
Torus participated in Finovate, one of the largest fintech conferences. The event brings together industry leaders to showcase innovations and share insights.
The value proposition of Banking-as-a-Service (BaaS) is becoming standardized, prompting providers to differentiate themselves beyond pricing. Torus offers a SaaS solution to manage card payment transaction costs and revenues within BaaS operations. It also provides tailored profit-based pricing for fintech partners. This approach helps BaaS providers stay competitive and profitable, enabling them to seize opportunities in their target customer segments.
“So we have the periods, the amount, the net revenue, the number of transactions, the average ticket, interchange fee, and scheme fees. And that's usually how each bank will see the picture aggregated at the portfolio level.
The secret sauce here comes when you need to allocate the costs down to specific, in our case, individual Fintech partner levels. Allocate the costs from the invoices that we're getting from MasterCard and Visa to the individual transaction level. With Torus, we can easily do this in just a few clicks,” says Kirill during the demo.
Watch the full demonstration of the product “BaaS profitability analytics & pricing” in the video and explore the solution for BaaS providers on the “Solution” page.
