StoneX launches enterprise-grade solution for messaging hub

Chandu Venugopal, Global Product Manager for the StoneX Messaging Hub, stated:

With XMH, financial institutions and multinational corporates can greatly reduce the cost of their operations with a platform that is efficient, secure, and compliant.

Users of The StoneX Messaging Hub will also have access to a customisable dashboard showing their current global cash positions and a distributed banking module to help maintain current counterparty details through the use of unique ID codes. The service is also designed to support payment processing, alongside account statement processing and generation. Plans for future updates to the solution are already in the pipeline, including incorporating additional forms of financial messaging to support other sectors within StoneX and external clients, and the addition of financial messaging support for securities and commodities.

Venkat B.V., Head of StoneX Technology Services said:

We’re excited to leverage our technical prowess and extensive financial services expertise to create the next evolution in financial messaging. The StoneX Messaging Hub will allow users to effectively streamline their internal operations using a seamlessly integrated piece of software that can scale and adapt alongside their own core programs.

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