MX and Orum partner to enable real-time money movement and end-to-end payment solutions for FinTechs

By Edlyn Cardoza

Orum, an intelligent all-in-one payments platform, announced a strategic partnership with MX, one of the leaders in Open Finance, to deliver secure end-to-end payments flow and intelligent, real-time money movement for FinTechs. Orum’s unified money movement application programming interface (API) and MX’s instant account verification (IAV) and balance check capabilities enable instant payments in any direction at any time.

“More than ever, fintechs and verticalised payments companies are looking for innovative solutions that automate and simplify money movement, from unlocking instant and risk-mitigated on and off ramps, to optimising the customer experience through instant availability of funds and payouts,” said Rouzbeh Rotabi, Chief Revenue Officer at Orum. “By partnering with MX, Orum is further enhancing the ability to offer the best experience for developers who value simplicity and security, and end-customers who want instant funds availability.”

Orum and MX’s partnership will facilitate FinTechs’ ability to seamlessly implement innovative money movement and payments functionality within their applications. Orum’s unified money movement API uses proprietary payments intelligence to manage risk and orchestrate complex, multi-rail transfers, while MX’s IAV and balance check capabilities make it easy to verify and aggregate consumers’ financial information fast and securely.

“Orum offers fintech and financial institutions access to smarter, simpler, and faster payments,” said Raymond den Hond, Executive Vice President of Channel Partnerships, MX. “MX and Orum’s shared commitment to enabling best-in-class financial experiences and outcomes through cutting-edge platforms makes this a natural partnership. We are excited to grow and expand our capabilities together to meet the most pressing needs of fintechs and payments companies.”

Orum is an all-in-one payments platform that unlocks instant, intelligent money movement in any direction with a single API. Powered by proprietary payment intelligence, Orum optimises transactions for speed, cost, and risk, enabling intelligent routing across multiple rails – revolutionising how consumers and businesses send, receive and access money. Orum’s vision is to power a better financial system where everyone has the freedom to build up their potential.