Global payments are not broken, incentives are. The real problem sits at the institutional edges where payments slow down. Fuse today announces its rebrand to Lorum, focused on rebuilding institutional clearing, not by ripping out the network, but by re-engineering the institutions at the edge.

For decades, clearing has sat inside institutions whose business models depend on lending and yield. When clearing is subordinated to balance sheet priorities, settlement slows and certainty drops. The same institutions that distort clearing as providers end up disadvantaged as users. Institutions are forced into fragmented setups, inconsistent rails, duplicated compliance, and unpredictable timelines.

Lorum is a specialist correspondent institution dedicated to clearing and cash management for regulated clients. Unlike traditional banks, it does not compete for deposits or run a lending business. Its mandate is to move money on local rails with control and certainty.

Infrastructure for scale: billions in flow

The platform operates at scale, processing billions of dollars in payment volume. It serves as the clearing backbone for institutions including dLocal, Deel, Airbnb, and Etsy. 

By using Lorum’s unified network for multi currency treasury, institutions shorten settlement cycles, reduce reliance on fragmented correspondent setups, and centralise treasury operations. They avoid building and maintaining separate local bank relationships in every jurisdiction.

“Everyone wants to talk about fixing SWIFT or replacing it with stablecoins. SWIFT is just the messaging layer,” said George Davis, co-founder and CEO at Lorum. “The real friction is the chain of custody at the start and end of a payment. That is where timelines slip, controls get messy, and costs spiral. Lorum exists to fix the edges, not the network.”

Local rails, named accounts, single network

Through local licensing and direct payment scheme access, Lorum allows clients to open named customer accounts in every market of operation. Institutions can collect and pay out locally through a single network while keeping full ownership of customer relationships and products, instead of relying on a patchwork of intermediaries.

For financial institutions, market expansion should mean one correspondent relationship rather than a new clearing puzzle in every country