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What is Shieldpay?

Conduct your transactions confidently with Shieldpay, which provides clear and user-friendly payment solutions specifically designed for the legal, financial, and professional services industries. Our platform streamlines customer due diligence, payment processing, and transaction management, supported by a dedicated team of professionals who are always ready to assist. By entrusting your client account operations to us, you can enhance operational efficiency, reduce risks, and decrease administrative costs. Within just 48 hours, you can set up a secure escrow facility tailored to various transaction types with our flexible solution. We deliver strategic approaches that address the specific needs of each transaction, ensuring prompt payment settlements to stakeholders across multiple jurisdictions. Whether you need to demonstrate financial reliability for expenses, protect disputed funds pending legal outcomes, manage class action finances, or facilitate settlement payments, we have you covered. Moreover, we manage contractual payments and distribute milestone funds, ensuring that construction projects remain on schedule and within financial constraints, thereby improving overall project oversight. With Shieldpay, you can confidently and efficiently navigate the complexities inherent in payment transactions, empowering your business to thrive in a competitive environment.

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.

Media

Media

No images available

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

24 Hour Support
Web-Based Support

Training Options

Documentation Hub

Training Options

Documentation Hub
Webinars

Company Facts

Organization Name

Shieldpay

Date Founded

2016

Company Location

United Kingdom

Company Website

www.shieldpay.com

Company Facts

Organization Name

Lorum Finance

Date Founded

2023

Company Location

United States

Company Website

www.lorum.com

Categories and Features

Online Escrow

Not specified

Categories and Features

Banking

Not specified

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