StoneX Messaging Hub (XMH)

Meet Ever-Evolving Customer Needs with Agility and Ease

The emergence of real-time banking and payments, alongside an ever-more “open” financial ecosystem, has introduced new customer demands and novel business challenges for financial institutions. Meeting these demands and overcoming these challenges requires fresh thinking and state-of-the-art technology.

StoneX Technology Services aims to provide both through our StoneX Messaging Hub (XMH). This enterprise-grade technology solution can dramatically improve the customer experience you deliver by normalizing and automating payment flows (and other financial messaging flows) across existing systems and applications.

Automated. Frictionless. Scalable.

Acting as a single gateway for inbound and outbound financial flows, XMH delivers massively improved operational efficiency, control and agility while also reducing your total cost. It’s top-line components include:

Automated, end to end payment processing.

StoneX Messaging Hub simplifies and automates the entire end-to-end payment process across all back-office applications, file formats and communication protocols. Specifically, XMH:

  1. Transforms all data it receives into a standardized canonical format
  2. Validates, enriches, and converts payment files into the destination format
  3. Uses intelligent and highly configurable routing rules to process the payment (or other financial instruction) in line with the recipient’s requirements.

Features at a Glance

  • Generate correctly formatted payment files automatically
  • In-built country-specific and bank-specific domestic payment format library
  • Over 140+ currencies, 180 countries
  • Format agnostic – supporting SWIFT MT, SWIFT ISO, XML, CSV, TXT, PDF, SAP IDOC, other ERP adapters and other formats.
  • ISO 20022 Migration support
  • SWIFT GPI-compliant

Simplified Statement Processing

StoneX Messaging Hub enables customers to automate the process of receiving bank account statements and cash positions from all of their financial counterparties.

Customers often face two challenges with statement processing, both of which are addressed by XMH. Firstly, customers need to set-up an electronic statement service with their counterparty, monitor timely delivery of statements and be able to react quickly if any statements do not come through. Secondly, bank account statements can come in many different formats, and customers face the challenge of handling a diverse range of formats that may not be compatible with their back-office systems.

XMH addresses these challenges and acts as a single and secure central platform for receiving bank account statements in any format and transforming them into one single, digestible file (even when statements are split across multiple individual messages). This file can then be routed to your back-office applications in whichever format you prefer.

Clear and Customisable Cash Visibility

XMH can transform the data contained within your bank account statements (end-of-day and/or intra-day) into customisable business dashboards and tables depicting your global cash positions. Users can securely log-in to XMH and view the following:

  • Balances held by counterparty
  • Balances held by currency
  • Aggregate balance, denominated in customer-selected base currency (e.g. EUR, USD, GBP, etc.)
  • Opening balance / closing balance

In addition to the features above, customers can click into each counterparty or individual statement and easily view all full, underlying details.

Correctly Formatted Customer Statements

StoneX Messaging Hub can help organizations provide their customers with complete and correctly formatted account statements on a daily and intra-daily basis – even despite potential challenges posed by limitations in their core banking systems or related applications.

Using XMH, statements can be generated in a wide range of formats (including SWIFT MT, SWIFT ISO, XML, CSV, TXT, PDF and others) without making complex and expensive changes to their core applications.

Automated Counterparty Account Updates

XMH’s innovative Distributed Banking Module (DBM) automates the process of keeping counterparty bank account information up to date, helping you guard against erroneous and delayed payments, frustrated counterparties and the reputational damage that can result from inaccurate data.

DBM creates a unique ID for each counterparty and invites that counterparty to log-in securely and input their bank account details on a monthly, quarterly or annual basis. DBM then authenticates, validates and verifies this information before storing it in a centralized database. When payments are generated to counterparties, the bank account details are cross-referenced against the database to ensure the details are correct.

Contact Us

To speak with us about how StoneX Messaging Hub can add value to your organization, please contact us here, or call the office that serves your region below. 

Meet the Team

North America & the Carribbean
230 Park Avenue
10th Floor
New York, NY 10169
Tel: +1 (212) 379-5435

Moor House, 1st Floor
120 London Wall
London EC2Y 5ET
Tel: +44 (0) 20 3580 6628

Latin America
329 Park Avenue North
Suite 350
Winter Park, FL 32789
Tel: +1 (407) 279-9264

The information in this section is intended to be a description of the StoneX Technology Services LLC’s SWIFT suite of services and shall not be deemed to be an offer for the sale or purchase of any product transaction or advice. It is provided on an ‘as-is’ basis and no warranty, whether express or implied, is given as to its completeness or accuracy.

StoneX Technology Services LLC, registered in Delaware, United States of America under registration number 5994114. StoneX Technology Services LLC is part of the StoneX group and wholly owned subsidiaries of StoneX Group Inc.

StoneX Group Inc. is a public company, registered in the United States of America and regulated by the Securities Exchange Commission. It is listed on the NASDAQ stock exchange (ticker symbol "SNEX").


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