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Description
The Google Cloud Universal Ledger (GCUL) represents an advanced, permissioned layer-1 blockchain solution specifically crafted for financial institutions to seamlessly handle commercial bank money and tokenized assets, all while ensuring unmatched simplicity, adaptability, and security. This innovative platform provides a programmable, multi-currency distributed ledger that can be accessed through a cohesive API, effectively removing the complications associated with conventional payment systems and facilitating atomic settlements for near-instantaneous transactions. Designed with compliance as a cornerstone, GCUL mandates KYC-verified accounts, maintains transparent transaction fees, and upholds private, auditable governance, which collectively enhances trust and security. Furthermore, it promotes automation through programmatic workflows and integrates effortlessly with well-known developer tools, including Python-based smart contracts. To demonstrate its practical application, CE reactions and institutional trials highlight its effectiveness; notably, the CME Group is currently testing GCUL for tokenized settlement processes in areas such as collateral management and margin processing. This pioneering approach not only redefines financial transactions but also paves the way for future innovations in the blockchain space.
Description
Lorum offers a multi-currency clearing framework tailored for regulated platforms and financial institutions that function in various markets. By linking directly to both major and regional payment networks, the solution enables these institutions to clear and settle funds efficiently, bypassing the need to establish local branches or manage a disjointed network of correspondent banks.
Clients can operate their account structures in different currencies through a unified API and ledger, benefiting from regulated, segregated accounts and virtual IBANs that are issued in the name of the end customer when applicable. This setup not only ensures predictable settlement finality but also enhances the security of funds and clarifies ownership of balances across different jurisdictions, providing a streamlined experience for financial operations. Additionally, Lorum's infrastructure fosters greater transparency and efficiency in cross-border transactions, which is essential in today’s fast-paced financial landscape.
API Access
Has API
API Access
Has API
Screenshots View All
No images available
Integrations
Python
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Founded
1998
Country
United States
Website
cloud.google.com/application/web3/universal-ledger
Vendor Details
Company Name
Lorum Finance
Founded
2023
Country
United States
Website
www.lorum.com
Product Features
Product Features
Banking
ATM Management
Compliance Tracking
Corporate Banking
Credit Card Management
Credit Union
Investment Banking
Multi-Branch
Online Banking
Private Banking
Retail Banking
Risk Management
Securities Management
Transaction Monitoring