Monoova has launched its FX Hub, a new capability that integrates domestic collections, foreign exchange conversion, funding and settlement into a single automated process.

Fragmented banking relationships, multiple intermediaries and disconnected workflows often slow cross-border payments.

This can increase foreign exchange risk, operational complexity and liquidity pressures for businesses operating internationally.

Traditional FX settlement can also take several days and may require pre-funded accounts or overdraft facilities.

The FX Hub consolidates these processes through Monoova’s API platform, enabling businesses to manage the full payment lifecycle in one flow.

It combines domestic collection capabilities with automated FX conversion, funding and settlement.

The company says same-day settlement supports working capital efficiency and reduces reliance on pre-funding.

“Historically, global payments have treated FX, collections and settlement as separate problems,”

said Ben Hiscox, Head of FX & Treasury at Monoova.

“The FX Hub brings these together into a single automated flow, allowing businesses to collect funds locally, convert currencies and settle globally without the operational complexity that usually sits between those steps.”

The FX Hub also connects to a network of Tier 1 banks and payment providers, which Monoova says helps to reduce counterparty risk while maintaining competitive FX pricing.

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