Terry KS Monoova has introduced FX Hub, a new capability that integrates domestic collections, foreign exchange conversion, funding and settlement into a single automated workflow. The solution aims to simplify cross-border payments while improving liquidity management and reducing operational complexity for businesses.
AUSTRALIA, 17 MARCH 2026 – Monoova has unveiled its new FX Hub, a platform capability designed to streamline cross-border payments by integrating domestic collections, foreign exchange conversion, funding and settlement into a single automated process.
Global payment operations often involve fragmented banking relationships, multiple intermediaries and disconnected systems for collections, FX conversion and settlement. These inefficiencies can increase foreign exchange risk, complicate treasury management and create liquidity challenges for businesses operating across multiple markets.
Monoova’s FX Hub aims to address these challenges by bringing the entire payment lifecycle together through its API-driven infrastructure. The solution enables businesses to collect funds locally, automatically convert currencies and settle payments globally in a unified workflow.
According to the company, traditional FX settlement processes can take several days and often require pre-funded accounts or overdraft facilities to manage payment flows. The FX Hub introduces automation across these steps while supporting same-day settlements, helping businesses improve working capital efficiency and reduce reliance on pre-funding.
Ben Hiscox, Head of FX and Treasury at Monoova, said global payments have traditionally treated FX, collections and settlement as separate processes, leading to unnecessary operational complexity. By consolidating these functions into a single automated flow, the FX Hub allows companies to manage global payments more efficiently while simplifying treasury operations.
The platform also connects to a diversified global liquidity network comprising Tier 1 banks and payment providers. This network helps reduce counterparty exposure while maintaining competitive foreign exchange pricing for businesses handling international transactions.
The launch reflects Monoova’s broader strategy of simplifying payment infrastructure and enabling organizations to collect, convert and move money globally through a single integrated platform. As cross-border commerce continues to expand, integrated payment technologies such as the FX Hub are expected to play a growing role in helping businesses manage global financial operations more efficiently.