Case Study: Northeast Federal Savings Community Bank achieves record foreign exchange revenue with Currency Exchange International

Generate record-breaking revenue with our proven foreign currency exchange services when you partner with CXI

The customer, a federal savings community bank, sought to generate new fee income by enhancing its ad-hoc foreign currency exchange services for clients. They partnered with Currency Exchange International (CXI) to implement its CEIFX online foreign exchange platform, which provided a secure and streamlined solution for both the bank and its customers.

The solution from Currency Exchange International included a customized online platform for transactions and a revenue-sharing model. This partnership resulted in a dramatic 9x increase in revenue in the first year, with the bank generating over $48,000 in total revenue and processing over 1,000 transactions annually, a significant rise from its previous limited activity.