Virtual IBANs for platforms and institutions

Lorum issues named virtual IBANs in USD, EUR, GBP, and AED. Clear on direct rails with one counterparty, not a patchwork of local banks.

Contact salesView currencies
Middle-aged man with glasses holding a pen near his mouth, smiling thoughtfully.

Virtual IBANs by currency

USD virtual IBANs

Named USD accounts for customer collections and payouts. ACH and Fedwire where enabled, with account-level reporting.

Learn more

EUR virtual IBANs

Issue EUR IBANs for local SEPA and SEPA Instant flows, with predictable settlement and account level reconciliation.

Learn more

GBP virtual IBANs

Run GBP flows on Faster Payments and SWIFT, with virtual accounts mapped cleanly to programs and clients.


Learn more

AED virtual IBANs

Clear UAE domestic flows with named AED IBANs, connected to local rails for collections and payouts.


Learn more

Account structures that match client-money programs

Virtual IBANs are the entry point. The operating model is the account tree behind them. Set up operational, client, and escrow structures that keep segregation, approvals, and reporting clean across currencies.

Contact salesDocs
Operational accounts

Run treasury from one ledger

Hold multi-currency balances, fund programs, and sweep liquidity on rules you control.

Dashboard showing operational accounts balances: USD $11,000,000.00, AED 120,000,000.00, and GBP with balance not visible, all marked active and last updated 5 minutes ago.
Client master accounts

Segregate client money by design

Separate client funds from firm funds by hierarchy. Keep permissions and audit trails consistent.

Client accounts list showing PHT Financial with US, Qatar, and UAE flags plus nested accounts Gama Inc, Global Payments, and ACME Inc with UAE flags.
Unique customer accounts

Create customer accounts at scale

Open customer accounts in seconds by API or portal. Map each account to your program structure.

Form labeled Create virtual account with dropdown to select customer Acme Inc and currency options AED, EUR, GBP, USD with respective flags.
Escrow accounts

Automate escrow and settlement

Release funds on defined conditions for platform flows. Keep oversight and reporting clear.

Coming soon
Woman with glasses and curly hair working on a laptop in a modern office.
How it works

Built for clearing, not parking funds

Smiling woman with striped knit vest and white shirt sitting at a laptop, hands clasped.
Onboard as a regulated client
Complete KYC and risk review for your entities and program scope.
Design your account hierarchy
Set operational, client master, and customer account levels to match your ledger.
Create accounts per currency
Open the accounts your program needs across USD, EUR, GBP, and AED.
Issue named virtual IBANs
Assign IBANs to customers or merchants, each mapped to a specific account.
Collect and pay out on rails
Run pay-ins and pay-outs on local rails where enabled, with clear status events.
Sweep, reconcile, and report
Automate sweeps and exports. Keep finance, ops, and risk on one view.
Monitor exceptions and returns
Handle rejects and returns with predictable codes and account-level traceability.

Bank-grade controls, built in

Real-time visibility

Live notifications and webhooks for every movement. Track inflows, outflows, and settlement status with full transparency.

Audit and permissions

Maintain a complete audit trail across all transactions, with configurable user permissions for finance, ops, and engineering teams.

Staging and testing

Test settlement flows, webhooks, and ledger movements safely in a full staging environment before going live.

Regulatory reporting

Generate jurisdiction-specific reports and reconciliation files aligned to treasury and finance standards.

Enter new markets with 
speed and certainty

Share your primary currencies and corridors, and align on timelines.
Contact sales
Horizontal beige ridged texture fading to white towards the top.

FAQs

Can we reuse our existing regulatory coverage

Yes. Lorum works with regulated institutions that already operate under strong regimes. Your regulatory permissions remain central, Lorum extends your reach to new rails and currencies.

Do beneficiaries see local account details

Yes. Beneficiaries see local style IBAN or account details, while you still reconcile against a single ledger inside Lorum.

How fast can we go live

Timelines depend on your regulatory profile and scope. Once onboarding completes, issuing new virtual IBANs is near instant through the API or portal.

Can we move existing programs to Lorum

Yes. Many clients migrate live programs. Lorum aligns on corridors, currencies, and cut offs, then runs migration in stages to reduce operational risk.