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Average Ratings 0 Ratings

Total
ease
features
design
support

No User Reviews. Be the first to provide a review:

Write a Review

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.

Description

Effortlessly expand into international markets with extensive coverage and minimal complications by utilizing Navro. With our services, you can transfer money globally, receive payments in local accounts, reduce foreign exchange fees, simplify reconciliation, and accelerate settlement times, enabling your business to thrive in new territories. Eliminate expensive conversion charges by conducting transactions in local currencies while taking advantage of inter-bank exchange rates. Our platform ensures quick and same-day settlements through our local accounts, allowing you to automate your workflow and monitor all transactions easily through our API or portal. Navro consolidates everything necessary for a successful global payments strategy, from sending money to receiving it, ensuring that your operations run smoothly. We facilitate the timely hiring and payment of individuals globally, enabling you to maintain effective relationships with sellers and suppliers without unnecessary delays. With Navro, your international expansion can be both seamless and efficient, supporting your business's financial needs every step of the way.

API Access

Has API No 

API Access

Has API Yes 

Screenshots View All

No images available

Screenshots View All

Integrations

No details available.

Integrations

No details available.

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours No 
Live Rep (24/7) Yes 
Online Support Yes 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) No 
In Person No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) Yes 
In Person No 

Vendor Details

Company Name

Lorum Finance

Founded

2023

Country

United States

Website

www.lorum.com

Vendor Details

Company Name

Navro

Country

United Kingdom

Website

navro.com

Product Features

Banking

ATM Management No 
Compliance Tracking No 
Corporate Banking No 
Credit Card Management No 
Credit Union No 
Investment Banking No 
Multi-Branch No 
Online Banking No 
Private Banking No 
Retail Banking No 
Risk Management No 
Securities Management No 
Transaction Monitoring No 

Product Features

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