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What is Lorum?

Lorum provides a comprehensive multi-currency clearing framework designed specifically for financial institutions and regulated platforms operating across diverse markets. By establishing direct connections to both major and regional payment networks, this innovative solution allows institutions to efficiently clear and settle funds without the necessity of creating local branches or managing a convoluted network of correspondent banks. Through a centralized API and ledger, clients can manage their account structures in various currencies, taking advantage of regulated and segregated accounts along with virtual IBANs, which are issued under the end customer's name when applicable. This arrangement not only guarantees predictable settlement finality but also bolsters the security of funds while clarifying the ownership of balances in multiple jurisdictions, thus providing a seamless financial operations experience. Furthermore, Lorum's infrastructure enhances both transparency and efficiency in cross-border transactions, which is vital for navigating today's dynamic financial environment. The solution empowers institutions to adapt swiftly to changing market demands, ensuring they remain competitive and compliant.

What is Intergiro?

Intergiro offers an extensive range of APIs tailored for businesses aiming to optimize their financial processes or upgrade the banking services they provide to clients, thereby promoting growth and flexibility. By concentrating on banking solutions that cater specifically to businesses, Intergiro delivers services including multi-currency accounts, cards, business banking APIs, payment processing, and integrated financial services via its API platform. Clients can utilize SWIFT and SEPA networks to make both domestic and international payments with ease. When sending money abroad, users can save as much as seven times compared to conventional banks, making it an economical choice for global transactions. Furthermore, customers have the capacity to hold and convert multiple currencies in seconds, all while benefiting from low and transparent fees. With foreign exchange services that provide spot pricing and immediate settlements, the risk of unexpected charges is eliminated. The signup and verification process is simple and completed online, removing the necessity to visit physical banking locations. Businesses can seamlessly accept payments in eight or more currencies as though they were operating locally, facilitating swift international growth through multi-currency payment solutions backed by local infrastructure. By acquiring both a EUR IBAN and a multi-currency IBAN, companies can enhance their potential in international trade, significantly boosting their operational efficiency and global reach. In essence, Intergiro's innovative approach empowers businesses to thrive in a competitive landscape.

Media

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Media

Integrations Supported

Integrations Supported

Macrobank Core Banking Software

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

€9 per month

Supported Platforms

SaaS

Supported Platforms

SaaS
iPhone
iPad

Customer Service / Support

24 Hour Support
Web-Based Support

Customer Service / Support

24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars

Training Options

Documentation Hub
Online Training

Company Facts

Organization Name

Lorum Finance

Date Founded

2023

Company Location

United States

Company Website

www.lorum.com

Company Facts

Organization Name

Intergiro Intl AB

Date Founded

2017

Company Location

Sweden

Company Website

www.intergiro.com

Categories and Features

Banking

Not specified

Categories and Features

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