Orum

What is Orum?

Orum is a financial technology company focused on revolutionizing money movement by offering APIs that facilitate instant bank payments through networks like FedNow and RTP. Its mission is to make payments faster, more efficient, and cost-effective for businesses, reducing the delays associated with traditional banking systems. By leveraging AI and machine learning, Orum optimizes payment routing, minimizes failures, and enhances fraud detection, solving common problems like high transaction costs and slow processing times. This serves banks, fintechs, and enterprises by providing a seamless integration for real-time payments, ultimately improving cash flow and operational efficiency. Founded in 2019, Orum aims to democratize access to modern payment infrastructure, helping users move money as easily as sending an email.

Orum's Core Features

• Instant Money Movement: Allows businesses to send and receive funds in seconds using real-time payment networks like FedNow and RTP, reducing settlement times dramatically.
• AI-Powered Routing: Utilizes machine learning to intelligently select the optimal payment rail for each transaction, ensuring high success rates and low costs.
• Fraud Detection: Employs AI algorithms to monitor and mitigate risks in real-time, protecting against fraudulent activities during money transfers.
• Seamless API Integration: Provides easy-to-use APIs that integrate with existing systems, enabling developers to add instant payment capabilities without extensive rework.
• Verification Services: Offers tools to verify bank accounts and identities quickly, streamlining onboarding and compliance processes.
• Cost Optimization: Analyzes transaction data to minimize fees by choosing the most economical payment paths while maintaining speed.
• Scalable Infrastructure: Supports high-volume transactions for enterprises, ensuring reliability during peak loads.
• Compliance and Security: Adheres to industry standards with built-in encryption and regulatory compliance features to safeguard sensitive financial data.
• Analytics Dashboard: Provides insights into payment performance, success rates, and trends to help businesses make data-driven decisions.
• 24/7 Support: Offers round-the-clock assistance for integration and operational issues, ensuring minimal downtime.