Benefits

Keep pace with regulatory and customers’ requirements

Stay up to date and compliant with market, regulatory, and scheme changes through our cost-effective, evergreen wire processing service.

Streamline wire processing

Adopt a full end-to-end wire processing service, with high levels of STP

Reduce costs and operational complexities

Migrate to a fully managed SaaS solution on Microsoft Azure

Meet customers’ growing expectations

Increase customers satisfaction with value added and bundled services

Future-proof

Our solution delivers rapid onboarding to compliant, scalable, 24x7, resilient payment processing

People working in office
Highlights

End-to-end wire processing as a service

Provides best-practice wire workflows and functionality, in a fixed-cost, packaged solution

  • Packaged, Bank in a box solution
  • Fedwire support - ISO20022 migration ready
  • Operational analytics and reports

The future of finance is open

Finastra RapidWires provides packaged wire processing support for FedLine Direct—the top-level, unattended offering in the Federal Reserve Banks’ suite of FedLine solutions

Two colleagues collaborating at a computer workstation in an office.
A pair of coworkers collaborating at a computer in a modern office.
Image of hand holding and using a mobile phone
Two professionals in a modern office collaborating at a computer workstation, reviewing data on a large monitor.
Image of man and woman pointing at monitor

Supports outbound and inbound payments

Fully packaged outbound and inbound transaction flows via Fedline Direct including branch initiation and key exception processing, investigation, admin and notification messages

Fully configured

Standard configuration setup for the organization and clearing system data and loading of reference and client specific data

Full Fedwire service

Including Fed position and liquidity management, compliance management (including Dodd-Frank, and BSA), archiving, alerts and notifications and SOD/EOD processing.

ISO 20022-native service

Aligned with migration from FAIM to ISO 20022 messaging standards and ongoing compliance is part of the service 

Full tracking and traceability

The service includes flexible transaction search capabilities with drill down, operational dashboards and reports

Colorful desert landscape with vibrant orange and purple ridges illuminated by dramatic sunset light.

Team up with a leader in global payments innovation and technology

Helpful resources to improve

Frequently Asked Questions

RapidWires FAQs

By providing a pre-packaged and bundled wires service, financial institutions can onboard rapidly to a modern, cloud-native and microservices-based solution without the overhead and risk of a major on-premise implementation project.

Transaction search (with support for drill-down and processing actions), operational dashboards, and management reports allow efficient and effective identification (and resolution) of processing issues, such as payments assigned to repair queues.

Delivery of modern, world-class, bundled, wires processing in a SaaS deployment mode means the mid-market can benefit from Finastra's 30 years of expertise out-of-the box and without the high cost and risk that can be associated with on-premise implementations.  In addition, as the pricing is based on a "Pay as you Grow" model, these financial institiutions will have a lower cost of entry along with the knowledge that the solution can scale in line with their future growth.

With a modern, API-driven architecture, RapidWires is agile and readily extensible - this includes pre-integration with a wide range of fintechs providing value added services such as real-time fraud management. As this is a service offering, financial institutions will also benefit from ongoing compliance with Fedwire scheme changes as part of the service and the continuous addition of features through new releases.

Contact us to learn more about Finastra RapidWires