Dynamic Routing Slips for Financial Message Processing
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Solution Overview
Problem
Existing financial messaging systems in the business-to-business financial services sector face challenges in achieving high levels of straight-through processing (STP) due to the complexity of processing flows, which often require manual intervention and lack flexible configuration options for handling various processing steps such as message validation, compliance checks, and duplicate checks.
Innovation Solution
A method and system that generate a routing slip for financial messages based on determined sub-flows, specifying the sequence of processing steps, which are then executed by a computer system to automate the processing flow, thereby enhancing STP and flexibility in financial transaction processing.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If existing financial messaging systems use fixed processing flows with decision tables, then message validation and compliance checks can be performed, but the systems require manual intervention and lack flexible configuration options
Solution Approach 1:
The patent implements dynamic routing slips that can be modified and adapted during message processing based on decision outcomes. The routing slip is not a fixed static structure but can be dynamically adjusted to add, remove, or modify processing steps based on message characteristics and compliance requirements, enabling flexible configuration while maintaining automation.
Solution Approach 2:
The processing flow is segmented into discrete processing steps organized in a routing slip structure. Each step represents an independent unit of work (validation, compliance check, routing decision) that can be individually configured, executed, and monitored. This segmentation allows the system to handle complex processing flows through modular, configurable steps rather than rigid monolithic processes.
2Reliability
If financial messages proceed through multiple decision tables and sub-flows, then comprehensive validation and compliance checks are achieved, but processing complexity increases
Solution Approach 1:
The routing slip acts as an intermediary structure that orchestrates the complex interaction between multiple decision tables and sub-flows. It provides a centralized control mechanism that manages the sequence of processing steps, tracks message state, and coordinates transitions between different validation and compliance checking stages, thereby managing complexity while maintaining comprehensive validation.
Solution Approach 2:
The routing slip serves multiple functions simultaneously: it acts as a processing roadmap, a state tracker, a decision coordinator, and an audit trail. This multi-functionality consolidates what would otherwise require separate mechanisms into a single unified structure, reducing overall system complexity while maintaining reliable validation and compliance checking capabilities.
3Productivity
If straight-through processing is implemented for financial transactions, then automated processing efficiency is improved, but flexible process configuration for handling various processing steps is reduced
Solution Approach 1:
The system uses parameter-driven routing slip configuration where processing behavior is controlled by configurable parameters and rules. Different message types, priorities, and compliance requirements can trigger different routing slip configurations without changing the underlying processing engine. This allows the same automated STP infrastructure to adapt to various processing scenarios by changing parameters rather than requiring manual reconfiguration.
Data Source
AI summary
Embodiments of the present invention disclose a method, computer program product, and system for generating a routing slip for a message. A computer system determines an appropriate sub-flow for the message. The sub-flow dictates a sequence of processing steps for the message. The computer system generates a routing slip for the message based on the appropriate sub-flow. The routing slip provides an order for executing one or more processing steps of the sub-flow. The computer system associates the routing slip to the message. The processing steps of the sub-flow are executed by the computer system according to the routing slip. In an embodiment, the message is a financial message describing at least one financial transaction.