Finastra Unveils Intelligent Routing Module

The new module is designed to help banks route payments faster, cheaper, and smarter across multiple rails.

Finastra, a global leader in financial services software, announced its new Intelligent Routing Module at Sibos 2025 on Monday, a solution aimed at greatly improving efficiency and customer experience in payments processing for banks and financial institutions.

The Intelligent Routing Module brings a data-driven approach to payment routing, enabling banks to process transactions faster and at a lower cost. Finastra reports that the new solution can achieve an impressive straight-through processing rate of upwards of 95%, leading to better outcomes for both financial institutions and their customers.

The module operates as a standalone capability for broader payment orchestration or as an integrated component within Finastra’s Global PAYPlus payment-hub offering. It utilizes advanced algorithms to identify the most efficient payment rails in real-time. This includes factoring in critical elements such as costs, speed, available payment scheme options, and regulatory requirements. The system is designed to ensure each transaction takes the optimal path across various payment types, including mass payments, instant payments, high-value transactions, and even optimizing correspondent banking chains for high-value cross-border payments.

“Payments are the lifeblood of banking, and speed, cost, and transparency matter more than ever,” states Radha Suvarna, chief product officer, Payments at Finastra, highlighting the importance of the new module. “Our Intelligent Routing Module delivers on all three – giving banks the intelligence to route payments for maximum efficiency while meeting customers’ expectations for fast, seamless service.”

Leveraging decades of expertise in processing trillions of dollars in daily transactions for major global banks, the Intelligent Routing Module is available both within Finastra Global PAYplus and as a standalone, system-agnostic modular package. Built on microservices and open APIs, the solution empowers banks to more efficiently validate clearing memberships, determine optimal payment routes, and establish efficient cross-border correspondent chains.

The module’s open architecture enables seamless integration with various payment initiation channels, order management systems, orchestration systems, or existing payment engines. This flexibility promises a rapid return on investment and mitigates the risks often associated with large-scale transformations or system replacements.

Finastra’s Global Payments Framework, which combines an API-first approach with configurable business rules and AI-driven intelligence, aims to empower financial institutions to deliver differentiated customer experiences with greater flexibility, speed, and minimal customization.