How the Braid/Acceleron partnership is enabling community banks and credit unions to capture FX revenue through a single API 

When Randy San Nicolas, CEO of Braid, and Damon Magnuski, CEO of Acceleron, first met for coffee in Boston, they quickly discovered a shared vision: to empower community financial institutions (CFIs) with modern, easy-to-adopt technology that unlocks new revenue and levels the playing field with larger banks. What began as a conversation between two bank tech builders has now become a strategic partnership that redefines how community banks and credit unions approach international payments.

Braid is a modular, sidecar core that enables banks and credit unions to run fintech programs in-house without middleware, BaaS providers, or deep integrations. Designed to operate alongside existing cores, it gives institutions full control over their infrastructure and the agility to move quickly.

Acceleron delivers a correspondent banking platform featuring a competitive FX marketplace and currency conversion engine, powered by its patent-backed Smartroute and NudgeConvert  systems. Its API-first approach helps institutions automate international wire transfers and capture non-interest income that typically flows to intermediaries.

Through this integration, Braid banks can now access Acceleron’s cross-border payment automation via a single API, turning outbound wire flows into a streamlined, revenue-generating service.

One year later, Randy and Damon reunited, virtually this time, to celebrate a partnership that’s already transforming how smaller institutions scale globally.

Wire transfer automation solution with no-code integration

Community banks and credit unions often find themselves sidelined in international payments, dependent on legacy correspondent networks and foreign banks that perform the conversion and take the FX revenue. New pre-integrated technology now allows CFIs to bring FX in-house.

Through the Braid–Acceleron integration, these institutions that are currently losing money on international wire transfers can quickly plug in to an end-to-end international payments ecosystem designed to let them earn what they should, and get the best FX rates.

How the Integration Works

• Simple implementation: A low-lift, no-code integration via a single API to Braid gives banks real-time access to Acceleron’s FX marketplace, where competitive bidding from multiple correspondent banks drive prices down by as much as 50%.
• Inline FX conversion: Powered by Acceleron’s currency conversion system, banks can handle foreign exchange internally rather than passing it off to foreign intermediaries.
• New revenue pathways: By capturing FX spread directly, banks can now earn non-interest income that previously flowed out of the system.

 

Non-interest Income: Maximizing Bank Profitability Through International Payments

Bank revenue opportunities for commmunity banking Institutions 

“By integrating Acceleron into our banking core, we’re giving our banks the ability to offer real‑time FX pricing and automated settlement on international wires, without relying on legacy correspondent networks,” says Randy San Nicolas, Co‑Founder and CEO of Braid. “This partnership allows our banks to expand correspondent banking services and capture FX spread directly, which leads to faster processing, new revenue, and a more competitive offering for fintech partners and business clients alike.”

“The partnership with Braid provides international payment technology to community banks and allows them to bring FX services in‑house and generate non‑interest income,” said Damon Magnuski, CEO of Acceleron. “We are committed to helping community financial institutions tap into their existing wire flow and turn it into a revenue generator, rather than letting big banks and foreign banks take all the profit.”

Acceleron is a modern correspondent banking platform that empowers community banks and credit unions to automate international wire transfers, capture non-interest income, and compete more effectively with big banks. With a foreign exchange (FX) marketplace and currency conversion engine, Acceleron’s API-first infrastructure helps institutions turn cross-border payment flows into efficient, revenue-generating opportunities. Serving over 200 financial institutions and facilitating more than $1 billion in international payments annually, our correspondent banking services and international payment automation solutions are pre-integrated seamlessly with Fiserv Payments Exchange, Braid, and other leading payments platforms.  

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