Lorum

What Is Lorum?

Lorum, formerly known as Fuse, is a correspondent financial infrastructure platform built for banks, fintechs, payment service providers, digital asset companies, and other financial platforms. Its capabilities include clearing, accounts, treasury, USD and EUR virtual IBANs, foreign exchange, liquidity management, reconciliation, and settlement. For banks, the platform provides correspondent clearing and custody; for fintechs and PSPs, it supports clearing, settlement, and treasury infrastructure.

Digital asset platforms can use its regulated fiat rails and accounts to receive, hold, convert, and settle fiat funds around digital asset activity, while digital platforms can embed accounts and money movement to collect funds, route payouts, and manage transactions within their own products. In this way, the platform allows organizations to move, hold, convert, and settle funds across supported markets through fewer banking relationships.

What Is Lorum Best For?

Its standout product is ‘Clearing’, which allows financial institutions to clear and settle major currencies through local payment rails without establishing separate local banking infrastructure. The product routes payment instructions through domestic clearing systems and supports currency conversion at execution using firm institutional rates. It also tracks each instruction from release through final settlement and links settled movements with their rail, currency, and client reference. This gives finance and operations teams greater visibility into payment status while simplifying reconciliation across markets. Lorum differentiates this capability by combining currencies, local rails, and settlement within one institutional operating model.

How Much Does Lorum Cost?

Typically, Lorum pricing starts at $5,000–$15,000/month. The vendor offers custom quotes based on user requirements, so the Lorum price may vary depending on specific business needs. Beyond this base cost, users should keep the following additional costs in mind:

• Implementation And Onboarding: $25,000–$100,000 (one-time), typically covering configuration, account structures, workflow setup, compliance configuration, and go-live support
• Data Migration: $10,000–$50,000 (one-time), generally depending on the volume and complexity of account, transaction, treasury, and operational data being transferred
• Bank/Payment-Rail Connectivity: $10,000–$50,000+/ integration, typically reflecting custom connectivity work, testing requirements, and certification processes
• Custom Development: $150–$300/hour, with costs varying according to the complexity of custom workflows, APIs, reporting capabilities, or infrastructure changes
• Training And Onboarding Services: $5,000–$20,000, usually depending on the scope of administrator, treasury, and operations training required

Disclaimer: Pricing references are based on publicly available third-party information and industry benchmarks. Actual costs may vary.

Lorum Integrations

The vendor has not provided details about third-party integrations for this software.

How Does Lorum Work?

Here's how users can access the platform:

• Log in to the Lorum Portal with authorized credentials
• Onboard customers by adding the required business or individual details and selecting the relevant currency
• Open accounts for approved customers and choose the appropriate currency and account type
• Receive and manage funds through local account details while monitoring balances across customer and operational accounts
• Convert currencies when needed using Lorum’s institutional FX functionality before or during payment execution
• Create outbound payments by entering the amount, beneficiary details, payment reference, and transaction purpose
• Review and approve payments using role-based payment controls before transactions are released for processing
• Track and reconcile transactions by following payment status through settlement and matching movements with rails, currencies, and client references

Who Is Lorum Designed For?

The vendor serves organizations across the following financial and digital platform sectors:

• Banks
• Fintech companies
• Payment service providers
• Digital asset platforms
• Digital platforms
• Trading and investment platforms
• Marketplaces

Lorum Use Cases

After evaluating Lorum features, we identified several situations in which it could perform particularly well, including:

Payroll Operations Manager Coordinating Multi-Currency Pay Cycles

Paying employees across several countries becomes difficult when each currency follows different banking relationships, funding requirements, and settlement timelines. A payroll operations manager can use Lorum to fund pay cycles, convert currencies at known rates, and distribute salaries through supported local rails. The same workflow lets the manager reconcile movements by employer and payroll cycle, keeping each scheduled payment connected to the relevant funding activity.

Marketplace Finance Manager Handling Seller Funds And Payouts

Seller payments become harder to trace when a marketplace collects customer funds, holds balances, and pays many counterparties across different markets. A marketplace finance manager can use this platform to receive funds, route seller payouts, and associate each movement with its order and counterparty. It also supports named account structures when marketplace funds require clearer separation between the platform and individual sellers. In this way, users gain a more traceable payout process as seller activity grows across currencies and markets.

Fintech Operations Manager Expanding Into Additional Markets

Entering another market often forces fintech teams to establish new banking relationships, complete additional onboarding, and manage another set of payment processes. A fintech operations manager can use Lorum’s single API and correspondent relationship to provision customer accounts and move money across supported local and global rails. The team can then collect, convert, pay out, and reconcile customer transactions without managing a separate bilateral banking relationship for every market.

Digital Asset Treasury Manager Managing Fiat Around Trading Activity

Moving fiat into and out of digital asset markets creates operational complexity when client money, institutional funds, and treasury balances share disconnected processes. A digital asset treasury manager can use Lorum to receive fiat into named accounts, convert currencies, and settle funds with counterparties or trading venues. As a result, client funds remain operationally distinct from house funds while the treasury team manages reserves, liquidity, and currency exposure around the same fiat flows.

Is Lorum Right For You?

Lorum may support enterprise-scale growth through a fully reserved, non-lending correspondent model focused on clearing and transaction processing rather than credit creation. Its single API and correspondent structure could help banks, fintechs, and digital platforms expand into additional supported markets with fewer separate banking relationships.

From a control and fund-segregation perspective, the vendor supports named account structures that keep client funds distinct from operational balances. Governance, reporting, reconciliation, and audit trails add further oversight, which might make the platform relevant for regulated organizations that need clearer ownership and transaction traceability.

Lorum could also suit businesses managing payment activity across several markets. It supports clearing in USD, EUR, GBP, and AED through rails including Fedwire, ACH, SEPA, SEPA Instant, Faster Payments, CHAPS, FTS, and IPP, allowing organizations to manage supported currencies through one software.

A notable advantage over more fragmented correspondent models is that this platform can add supported markets through an existing integration rather than establishing a separate banking relationship for each jurisdiction. This makes Lorum potentially more practical for organizations expecting their geographic reach, customer activity, or transaction volumes to grow.

When it comes to security, the vendor uses OAuth 2.0 authentication, role-based permissions, maker-checker payment controls, configurable user access, and transaction audit trails. Lorum also provides a staging environment for testing settlement flows and ledger movements before production use. Its governance framework includes reporting and audit controls, while named account structures can help keep client funds separate from operational balances.

Still unsure about Lorum? Connect with us at (661) 384-7070 for further guidance.