FinClear offers same-day settlement across time zones
Published: Feb 2026
Best Payments Solution
Highly Commended Winner
FinClear Services
Photo of Andrew Wyndham, J.P. Morgan, Daniel Bower, Andrea Marani and Simon Blyth, FinClear Services.
Daniel Bower
Chief Product Officer
Founded in 2015, FinClear is an Australian-owned financial market infrastructure company providing technology, execution, clearing and settlement services to wealth managers and brokers through its proprietary platform.
in partnership with
The challenge
As Australian investors increasingly diversified their portfolios with global assets, FinClear recognised the urgent need to address the inefficiencies in existing foreign exchange solutions. The shift to T+1 settlement for US equities further accelerated this demand, as wholesale brokers requiring same-day FX settlement capabilities. With funds needing to reach US brokers within approximately 24 hours of trade execution, and considering Australia’s 14-hour time zone difference, the settlement window became extremely tight.
Legacy products from major Australian banks were inadequate, characterised by slow settlement, high FX margins, limited multicurrency functionality and lack of support for bespoke or tiered FX pricing. Additionally, brokers faced treasury and operational inefficiencies due to holding foreign currency balances offshore without interest yield.
FinClear’s clients, including over 250 stockbrokers, fintechs, financial advisers and wealth managers, needed a scalable, cost-effective FX solution tailored to the wealth management sector. The necessity arose from direct client feedback, highlighting the demand for a platform that simplified and enhanced international trading experiences. The solution aimed to address the inefficiencies of legacy systems and provide a competitive edge in the global market.
The Australian market’s increasing global investment appetite, combined with evolving settlement regulations requiring faster processing times, created urgency around developing integrated payment solutions that could guarantee same-day settlement capabilities.
The solution
FinClear collaborated with J.P. Morgan to launch a truly differentiated FX payments platform designed to simplify and enhance the international trading experience for wholesale brokers and their clients.
Key features include:
Multicurrency accounts – each end investor receives a unique multicurrency account number, greatly increasing reconciliation efficiencies.
Tiered FX and interest pricing – custom FX spreads and interest tiers based on trade size and currency create new revenue opportunities and align pricing with client value.
Client segmentation tools – secure, transparent oversight of client transactions is enabled through user-specific access for operations staff and advisers.
Operational efficiency – direct integration with FinClear’s core platform and J.P. Morgan’s API suite eliminates manual reconciliation and re-keying.
This is the first-of-its-kind, fully integrated FX and payments solution for Australia’s wealth sector. FinClear’s proprietary platform, combined with J.P. Morgan’s global banking infrastructure, delivers unparalleled value. With the bank’s global footprint and cutting-edge technology, FinClear is strategically positioned to accelerate its growth objectives.
Best practice and innovation
Directly addressing client feedback, FinClear developed a payment solution that delivers unprecedented speed through industry-first same-day currency sweep capabilities. It enables instantaneous USD transfers from Sydney to New York, achieving payment delivery from Australia to US brokers in minutes – a dramatic improvement over traditional multi-day bank processes that typically take several business days.
Leveraging J.P. Morgan’s advanced multicurrency and offshore banking capabilities, FinClear has established offshore accounts in key markets, including the US and Canada, enabling local payments and bulk sweeping of foreign currency balances. This eliminates costly individual Swift transfers through an API-driven batch payment solution, significantly reducing transaction costs and enhancing efficiency. J.P. Morgan’s infrastructure allows FinClear to offer real-time, bespoke FX rates, even during weekends and holidays, ensuring clients meet international settlement obligations seamlessly.
FinClear is now equipped with technical infrastructure ready for T+0 implementation while currently offering reliable T+1 settlement capabilities. The scalable platform supports expansion across G10 currencies, creating a replicable framework for international market access across multiple jurisdictions without requiring fundamental system redesign. No other Australian provider guarantees same-day international settlement with this level of speed and reliability.
Key benefits
Cost savings.
Process efficiencies.
Increased automation.
Risk mitigated.
Improved visibility.
Manual intervention reduced.
Increased system connectivity.
Future-proof solution.
By providing predictable, reliable international settlement capabilities, the solution builds confidence among Australian investors to diversify globally. The solution, now known as FinClear Rails, not only enhances client outcomes but positions FinClear as a future-ready infrastructure provider, capable of supporting faster global settlement cycles and expanding its leadership in capital markets innovation.
Andrew Wyndham
Vice President, Financial Institutions Group, J.P. Morgan Payments
FinClear’s launch of a fully integrated FX payments platform is a transformative milestone, delivering unparalleled value through same-day settlement capabilities, tiered FX pricing and seamless multicurrency account management.This award recognizes FinClear’s commitment to empowering brokers and investors to diversify portfolios and build trust in international markets. We are honoured to support FinClear’s journey, providing unprecedented speed, efficiency and global market access to Australia’s financial community.
in partnership with
The Adam Smith Awards Asia are the industry benchmark for best practice and innovation in corporate treasury. To find out more please visit treasurytoday.com/adam-smith-awards-asia
