Case Study: finPOWER achieves real-time lending payments with Monoova

finPOWER speeds lender payments with Monoova, serving 400+ customers

finPOWER, an Australian end-to-end loan management platform, faced a challenge common to lenders: slow, manual, and fragmented payment processes. These traditional bank transfers caused delays of one to three days, hindering instant disbursements and real-time reconciliations. To close this gap in their offering, finPOWER partnered with payments vendor Monoova to integrate real-time payment capabilities.

Monoova provided an API-driven solution that was embedded directly into the finPOWER Connect platform. This integration enabled real-time disbursements, automated collections retries, and seamless reconciliation using unique virtual accounts and PayIDs. The result for lenders was the ability to approve, fund, and reconcile loans within the same day, saving countless hours on manual processes and improving cash flow visibility. Monoova's compliant and secure infrastructure also strengthened finPOWER's position as a complete all-in-one solution for its clients.

finPOWER