finPOWER & Monoova: Powering smarter, faster payments for lenders.

Lending is a growing and increasingly diverse industry in Australia, with demand for loans increasing and new lending to SMEs nearly doubling between 2020 and 2024.

From fintech startups and private lenders to government-backed schemes and community finance providers, an increasing number of organisations are entering the market to offer flexible solutions. While there is plenty of potential for profit, each of these lenders faces the shared challenge of managing scale, compliance and customer experience without being held up by legacy systems or manual processes.

As an end-to-end loan management platform, Australian company finPOWER gives lenders the tools to automate the entire loan lifecycle within a single, scalable system. Through its partnership with Monoova, finPOWER also addresses one of the lending industry’s biggest pain points: slow, manual, and fragmented payment processes.

How finPOWER works

finPOWER Connect is a market-leading loan origination and management platform trusted by more than 400 customers across Australia, New Zealand and beyond. It supports lenders, credit providers, mutuals and investment managers by bringing every stage of lending into one secure environment.

Built on over 40 years of lending technology expertise, finPOWER Connect was developed specifically for the Australia and New Zealand market. It’s flexible enough to power a fintech startup launching its first loan product and robust enough for large lenders that process thousands of transactions each month.

In an industry where many admin managers lose hours re-entering the same data multiple times, finPOWER saves time by automating compliance checks, credit assessments, and workflows to reduce operational overheads and improve accuracy.

With finPOWER, lenders can:

Automate origination, servicing, collections, and investor management
Integrate with core systems, CRMs, and payment gateways
Support complex and diverse lending products
Save thousands of hours annually on admin and compliance tasks

Closing the payments gap

As same-day approvals and instant disbursements become the new standard, finPOWER identified a gap in its otherwise comprehensive offering: payments.

Lenders wanted to release funds to customers immediately after approval, pay broker commissions and investor earnings in real time, and have up-to-date visibility into collections. The problem was that traditional bank transfers meant waiting one to three days for funds to move, delaying approvals, repayments and reconciliations.

To close this gap, finPOWER partnered with Monoova to embed live, API-driven payment capabilities.

Before the partnership was formalised, several of finPOWER’s lender clients were already using Monoova independently. These lenders appreciated Monoova’s automation, reliability and API-first approach, and finPOWER recognised the opportunity to streamline the experience for all its customers by embedding Monoova’s payment rails natively.

The decision was both client-driven and strategic: partnering with Monoova allowed finPOWER to meet rising demand for real-time payments while strengthening its position as a complete, all-in-one solution for lenders.

Through this integration, lenders gain access to:

Real-time disbursements to borrowers, brokers and investors
Fast commission and payout processing
Automated collections retries when payments fail
Seamless reconciliation using unique account numbers and PayIDs

The result is that lenders can now approve, fund, and reconcile loans within the same day. For collections teams, Monoova provides real-time visibility into payments and eliminates the need to wait for batch files or manually match transactions.

Managing investments and returns

Many lending companies operate dual models, lending funds while allowing retail or wholesale investors to invest capital.

Through finPOWER, these businesses can manage both sides of the equation: collecting investment funds and distributing returns automatically. Monoova’s integration plays a key role by enabling automated investor payouts and seamless reconciliation through virtual accounts and PayIDs.

Each borrower or investor can be assigned a unique virtual account, allowing every transaction to be automatically identified and matched to the correct record in finPOWER. This eliminates manual reconciliation and errors caused by missing or incorrect payment references, saving lenders and finance teams countless hours each month.

Strengthening compliance and security

With fast payments and automated reconciliation taken care of, the other challenges for lenders and lend-tech companies are compliance and staying future-aware to remain competitive in the market.

Compliance is critical in the lending industry, and both finPOWER and Monoova place it at the centre of their offerings.

Monoova’s infrastructure is PCI-DSS and SOC 2 compliant, with multi-factor authentication and end-to-end encryption as standard. It also supports innovations such as Confirmation of Payee (CoP) lookups, allowing lenders to verify that funds are being sent to the correct recipient, which reduces the risk of fraud and misdirected payments.

In terms of payment tech, the Monoova team is continually exploring new ways to leverage the NPP, PayTo and emerging technologies. Innovation is passed to clients like finPOWER, giving them the competitive edge.

Why Monoova

When finPOWER went looking for a payments partner, they were focused on two things: a great product and a true partnership. Monoova delivered both.

Monoova worked closely with finPOWER to understand the platform’s architecture, customer base and roadmap. Together, the teams co-developed a tailored integration, embedding Monoova’s payment rails directly into finPOWER’s core platform.

Since implementing Monoova, finPOWER has seen a surge in interest from new lender clients who understand the benefits of having payments, collections, distributions and loan management all in one place.

“As a customer-centric business, it was important we closed the payments gap with a market-leading product and a partner who shared our approach. We needed confidence that our roadmaps could grow together and that we were choosing a long-term integration partner who would set the gold standard for our lenders. Just as importantly, payments had to be fully integrated, real time, and maintain a single source of truth within finPOWER Connect — and the relationship with Monoova has ensured we can deliver that for our lenders.” – finPOWER General Manager, Lee Slattery

With Monoova powering fast, reliable payments behind the scenes, finPOWER has delivered a smoother, more responsive experience for lenders and their customers.

FAQ

What is finPOWER’s integration with Monoova?

It enables lenders to automate disbursements, repayments, and reconciliation in real time using Monoova’s API-driven payments.

How do real-time payments benefit lenders?

They reduce delays, improve cash flow visibility, and enhance borrower satisfaction.

Is Monoova’s payment solution compliant with regulations?

Yes, it supports ASIC, AUSTRAC, and APRA requirements with full transaction traceability.

How does payment automation improve reconciliation?

Each transaction is automatically matched to borrower or investor records via unique accounts and PayIDs.

Can Monoova help lenders scale operations?

Yes, lenders can process thousands of transactions in real time without manual intervention.

About finPOWER

Lenders scale their business and automate their workflows with market-leading loan origination and loan management software finPOWER Connect. This all-in-one platform for lenders, credit providers and investment managers has over 30 integrations and 400 customers worldwide.

Visit the website: www.finpower.com.au to find out more.

About Monoova

Monoova is a leading provider of intelligent payment solutions, helping businesses optimise their payment processes, enhance customer experiences, and scale efficiently. Visit www.monoova.com or read Monoova’s PDS/FSG to find out more about our payment solutions and services and payment automation for lenders in Australia.

For media enquiries, please contact: PressEnquiries@Monoova.com.