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Your Modulr Product Update September 2026

about 10 hours ago by Saili Sawantt

Direct Debit collections

Automated sweep of successful collections

To improve funds flows for customers that regularly transfer funds from Direct Debit Collections out of the Modulr Platform, we have introduced an option of an automatic sweep of successful Direct Debit collections to a validated account with another Bank/PSP.

Modulr has introduced this as an optional service where Modulr will validate/configure the sweep to an account confirmed to be associated with your business. The sweep will happen automatically Day 5 of the collections cycle once all Direct Debit returns (ARUDD) are complete.

Here’s a short breakdown of how it works:

  • You opt in and connect with Modulr's support team to update which account to sweep to (it must be verified as yours)
  • Modulr collects your Direct Debits as normal
  • On Day 5 of the collection cycle, once all returns and reversals (ARUDD) have completed, we sweep the successful funds to your account automatically

To enable the sweep, please email the support team [email protected] with details of the account you wish sweeping to, and date to be enabled. We will validate the account ownership and enable the sweep.

FX is coming to the payment flow

Every cross-currency payment that runs through a separate FX provider is work your finance team does twice: two platforms, two reconciliations, and two sets of data that don't talk to each other.

FX touches treasury, finance, and operations, but rarely has a single owner. The cost of managing it chasing payment status, correcting beneficiary details, and reconciling across systems, never gets measured. And most providers still won't show you what the conversion actually costs.

The more international payments you process, the more that fragmentation drains time and resource. Something's coming to Modulr to change that.

We've built currency conversion into the same platform as your payments, accounts, and cards, so conversion and reconciliation happen in one flow, not across two systems. No hidden fees, no weekend surcharges, just clear conversion costs built into your flow. Over the coming weeks we'll break down exactly what that means: how conversion works, and how reconciliation fits in.

If your business makes cross-currency payments and wants to see what consolidated FX looks like, Register your interest for Modulr FX: https://share.hsforms.com/268jPohpTQwmvF5Fccq-rog1co3o

Modulr launches an MCP connector for AI coding tools

We've launched our Model Context Protocol (MCP) connector, connecting AI coding tools, Claude Code, Cursor, Codex, ChatGPT and more, directly to Modulr's platform via our API.

It cuts the time developers spend reading documentation before writing their first line of code: teams can ask plain-language questions, surface the right endpoints, generate integration scaffolding, and run requests against the Modulr sandbox, all without leaving their dev environment. The result is up to 3x faster to a working prototype.

Read the full press release here → https://www.modulrfinance.com/newsroom/modulr-launches-mcp-connector