Case Study: Midwest Community Bank boosts foreign currency transactions and revenue with Currency Exchange International

Go from zero to hero with your foreign currency volume within your first year when you team up with CXI

The customer was a community bank in the Midwest that had previously ceased offering foreign currency exchange due to a cumbersome manual process and low demand. Their challenge was to reintroduce this service in a simplified way to generate new fee income and better serve their clients' needs, which led them to partner with Currency Exchange International (CXI).

CXI implemented its CEIFX online foreign exchange platform, enabling the bank to easily buy and sell currency with real-time validation and robust security. This solution quickly led to a dramatic increase in transactions, which grew to over 1,700 annually. The partnership with Currency Exchange International generated over $39,000 in revenue for the bank on a volume exceeding $900,000, representing a 66% increase in volume between their first and second year.