Revolutionizing Payments: Finastra Launches Intelligent Routing Module at Sibos 2025

Revamping Payment Processing: Finastra's Intelligent Routing Module

Introduction

At Sibos 2025 in Frankfurt, Germany, Finastra, a leading name in financial services software, unveiled its latest innovation: the Intelligent Routing Module. This cutting-edge solution aims to transform the way banks and financial institutions process payments, enhancing speed, cost-effectiveness, and customer satisfaction.

What's New?

The Intelligent Routing Module introduces data-driven routing solutions for banks, allowing them to handle transactions with a remarkable straight-through processing rate exceeding 95%. This advancement ensures not only cost savings but also faster transactions, positioning banks to better serve their clients' needs.

How It Works

The module functions independently or can seamlessly integrate with Finastra's Global PAYPlus system, utilizing sophisticated algorithms to identify the most efficient payment pathways in real-time. The routing capabilities consider various factors, including costs, speed, regulatory issues, and the nature of the payment, whether mass, instant, or high-value cross-border transactions. Such intelligence allows for smarter correspondent banking options in high-value scenarios.

Expert Insight

Radha Suvarna, Finastra’s Chief Product Officer for Payments, emphasized the importance of efficiency in banking, stating, "Payments are the lifeblood of banking. Speed, cost, and transparency matter more than ever." She highlighted that the Intelligent Routing Module empowers banks with the necessary insights to accomplish these objectives while simultaneously meeting modern customers’ demands for swift, friction-free service.

A Modular Solution

Finastra's Intelligent Routing Module stands out not just for its functionality but also for its flexibility. Available as a modular package that is system-agnostic, this solution leverages microservices and has open APIs, enabling banks to effectively validate clearing memberships, identify optimal payment routes, and construct efficient cross-border correspondent chains. This adaptable architecture supports rapid returns on investment and mitigates the risks often associated with large-scale system overhauls.

Industry Perspective

Gareth Lodge, a Principal Analyst at Celent, noted that in today's competitive landscape, payments encapsulate more than just cost efficiency – they encompass customer choice, visibility, and the overall client experience. Lodge stated that smart routing technologies represent a key competitive advantage, essential for the modernization of payment infrastructures.

Elevating Customer Experience

By integrating an API-first strategy with configurable business rules and AI-driven insights, Finastra’s Global Payments Framework is engineered to empower financial institutions. This framework allows for varied and enhanced customer experiences with minimal customization, ushering in a new era of payment processing efficiency.

Visit Us

For those keen to delve into the features of the Intelligent Routing Module, Finastra will showcase it at Sibos 2025, located at stand H036. Attendees can also explore the complete suite of Finastra's payment solutions designed to support financial institutions worldwide.

Conclusion

With its Intelligent Routing Module, Finastra is setting new benchmarks in the payment processing realm. By prioritizing efficiency and customer satisfaction, this innovative solution not only provides banks with the tools needed for operational excellence but also reaffirms Finastra's position as a trailblazer in financial technology. With over 8,000 customers, including 45 of the world’s top banks, Finastra continues to revolutionize how financial institutions operate.