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Average Ratings 0 Ratings

Total
ease
features
design
support

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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

Universal payment and financial systems for everyone. Empower your enterprise with intuitive and robust payment solutions. IBM utilizes Stronghold's blockchain framework to revolutionize the payments landscape. Retain control over your clientele and their interactions by customizing your ACH payment processes. Experience clearing and settlement in mere seconds instead of prolonged days. Enjoy instantaneous clearing, settlements, and the ability to process micropayments seamlessly. You can either create your own payment network or become part of StrongholdNET. The Automated Clearing House features from Stronghold can be integrated into your platform, ensuring you keep ownership of your customers and their interactions. Stronghold efficiently captures and authenticates banking information and payment approvals via APIs. With Stronghold's integrated offering, Stronghold Pay, you can easily accept and initiate ACH payments. The ACH payment solution from Stronghold is designed to be both straightforward and secure, facilitating electronic bank transfers for both retail and business transactions, ultimately enhancing your operational efficiency. This level of integration not only streamlines your payment processes but also significantly improves the customer experience.

API Access

Has API No 

API Access

Has API Yes 

Screenshots View All

No images available

Screenshots View All

Integrations

IBM Cloud No 
Koinly No 

Integrations

IBM Cloud Yes 
Koinly Yes 

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) No 
In Person No 

Vendor Details

Company Name

Lorum Finance

Founded

2023

Country

United States

Website

www.lorum.com

Vendor Details

Company Name

Stronghold

Founded

2017

Country

United States

Website

stronghold.co

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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