Currency Onboarding : How It Works in Lorum
An overview of currency onboarding in Lorum - supported currencies, flow types, and links to portal and API onboarding guides.
Currency Onboarding
Before onboarding a customer to any currency, they must be Approved or Auto-approved by Lorum. Currency onboarding is a separate step that runs after the base customer record is created and approved.
| AED | USD | EUR | GBP | |
|---|---|---|---|---|
| Flow type | Synchronous | Asynchronous | Synchronous | Synchronous |
| Completes immediately | ✅ Yes | ❌ No - webhook required | ✅ Yes | ✅ Yes |
| Documents required | ❌ No | ✅ Yes | ❌ No | ❌ No |
| Shareholder requirement | ❌ No | ✅ 51%+ ownership onboarded | ✅ At least one on file | ✅ At least one on file |
Updated 4 days ago
What’s Next
Onboard your customers onto the currencies of your choosing:
Did this page help you?