Lorum 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.
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Integrations
No Integrations at this time
Company Details
Company:
Lorum Finance
Year Founded:
2023
Headquarters:
United States
Website:
www.lorum.com
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Product Details
Platforms
Web-Based
Types of Training
Training Docs
Webinars
Customer Support
Live Rep (24/7)
Online Support
Lorum Features and Options
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