Laru Corporation is a provider of advanced software-based risk management tools for the ACH risk and compliance industry. The Company’s proprietary solutions offer a fully automated, web-based platform upon which banks, credit unions, and other major financial instituions can rapidly identify, resolve and prevent costly ACH fraud and network violations. The Company’s products represent a major milestone in high-volume ACH transaction processing analytics for originating and recipient financial institutions.
Domestic ACH origination volumes have been doubling every five years, resulting in a near geometric growth in ACH fraud and network violations. The scale of the problem is expected to continue multiplying at the current double-digit growth rates as nearly 2,000 financial institutions originate and another 15,000 recipient institutions participate in more than 15 billion transactions annually with an aggregate value of more than $30 trillion.
The Company’s flagship product, Clarity, is positioned to become the market leader in real-time fraud and network violation detection while delivering substantial savings through pre-loss identification and actual loss prevention. The market in which the Company competes is comprised of several established companies who currently provide ACH host software and services. However, the Clarity solution addresses a market within which it has first-mover advantage.
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Laru is founded on the principle of an integrated, broad view approach to development. Technology is the result of creative expression, thorough understanding, and communication achieved by a group effort of technologists and mission specialists. They combine imagination and expertise into systems that enhance the ability to manage the world around us. The results are products that do more, cost less and leave the user with a feeling of accomplishment having easily tamed an otherwise cumbersome task.
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