ModernRails Appoints Raghu Sastry as Chief Technology Officer to Accelerate Global Payments Infrastructure Strategy

MIAMI, Oct. 16, 2026 /PRNewswire/ -- ModernRails today announced the appointment of Raghu Sastry as Chief Technology Officer, reinforcing the company's commitment to building a unified, global payments operating system that integrates messaging, clearing, and settlement into a single, real-time infrastructure layer.

Raghu Sastry brings more than two decades of deep technical leadership across semiconductors, enterprise infrastructure, mobile platforms, and financial technology. As CTO, he will lead ModernRails' technology strategy, platform architecture, and product innovation, with a mandate to scale the company's orchestration capabilities across domestic and cross-border payment rails.

"Raghu operates at the intersection of performance engineering and financial infrastructure," said David Park, CEO of ModernRails. "We are not building another payments application—we are building the control layer for how money moves globally. Raghu's experience designing high-performance systems at scale is exactly what is required to execute on that vision."

Prior to joining ModernRails, Raghu worked with FinTech Automation to build its infrastructure platform. He previously held senior engineering and leadership roles at Agilent Technologies, PMC-Sierra, Junowallet, and Zeuss Technologies, where he led the development of scalable, production-grade systems spanning hardware and software stacks. His technical background includes VLSI design, distributed systems, server and storage architecture, mobile application frameworks, and payments and compliance infrastructure for regulated financial institutions.

 At ModernRails, Raghu will focus on advancing the company's ISO 20022-native architecture, enabling rich data interoperability across payment systems, and driving real-time orchestration across key global rails, including domestic real-time payment networks and cross-border settlement frameworks. His leadership will be central to integrating messaging and clearing into a unified execution layer—eliminating fragmentation and enabling deterministic, auditable transaction flows.

"Global payments are still constrained by fragmented systems and asynchronous processes," said Raghu Sastry. "ModernRails is solving that at the infrastructure level—bringing together messaging, clearing, and settlement into a cohesive, real-time platform. The opportunity is to redefine how financial institutions operate at scale, with data-driven orchestration and embedded intelligence at the core."

Raghu holds a Ph.D. in Computer Science from the University of South Florida. He is named on nine U.S. patents and has authored more than 20 research publications, reflecting a career grounded in both theoretical rigor and applied engineering.

ModernRails operates as a third-party service provider to the Federal Reserve and serves as a payment orchestration hub connecting financial institutions to domestic and international payment rails.

The platform supports real-time and near real-time processing, integrated compliance controls, FX enablement, and stablecoin interoperability, positioning ModernRails as a next-generation infrastructure layer for global finance.

About ModernRails

ModernRails is a global payments orchestration platform designed to unify messaging, clearing, and settlement into a single, real-time infrastructure layer. As a third-party service provider to the Federal Reserve, ModernRails connects financial institutions, fintechs, and global partners across domestic and cross-border payment networks, enabling scalable, compliant, and data-rich transaction processing.

Contact:
Evan Zhang
214-624-1007

SOURCE Modernrails, Inc.