Publication Date: November 5, 2021
From October 24 to 27, 2021, Paysto, together with partners from DIGILIFE, participated in the world's largest fintech conference, Money 20/20 USA, which took place in person for the first time after the pandemic in Las Vegas.
The atmosphere of the event was charged with incredible optimism and a desire to catch up on what was missed during the lockdowns. The main topics, naturally, were accelerated digital transformation and new technological solutions that fuel this growth.
๐ OMSI20 Presentation: Infrastructure for Digital Growth โ
Amidst the global e-commerce boom and the rising popularity of marketplaces (multi-seller platforms), the Paysto and DIGILIFE team presented their newest cloud platform: Outsource Multi-Seller Infrastructure (OMSI20).
OMSI20 is a comprehensive solution designed to help large and medium-sized companies quickly launch or optimize their own multi-seller trading infrastructure, handling all the complexity:
- Payment Split: Automatic splitting of payments between sellers and the marketplace.
- Compliance: Adherence to local and international regulatory requirements (AML, KYC) for each seller.
- Risk Management: Centralized fraud monitoring and returns management.
The OMSI20 platform is positioned as a critically important tool for companies that want to focus on marketing and attracting sellers, fully outsourcing complex and costly financial and technological processes.
๐ก Key Takeaways from Money 20/20 2021 โ
- Shift Towards BaaS (Banking-as-a-Service): The conference was dominated by the idea that financial services should be embedded in the user experience, rather than being a separate step. OMSI20 perfectly fits this trend by providing ready-made financial logic for trading platforms.
- Digital Identification: The need for fast and secure identity verification (KYC) to combat rising online fraud was one of the central themes, confirming the relevance of our integrated compliance solutions within OMSI20.
- Presence of the Crypto Sector: In 2021, attention to blockchain and cryptocurrencies sharply increased. Paysto and DIGILIFE held a series of meetings, discussing opportunities for future integration of digital assets into traditional payment chains through our platform.
Money 20/20 USA 2021 confirmed that the future of payments lies in flexible, cloud-based, comprehensive solutions that allow businesses to quickly adapt to changing e-commerce conditions. The presentation of OMSI20 was an important step for Paysto and DIGILIFE in positioning themselves as key infrastructure providers for digital commerce.