How Acceleron’s NudgeConvert turns outbound USD wires into revenue-generating foreign currency transfers, no new hires or tech lift required.
Most community banks and credit unions don’t realize they’re leaving money on the table every single time a customer sends a wire in U.S. dollars. That’s why we created NudgeConvert, Acceleron’s proprietary FX conversion tool designed to help community financial institutions monetize USD international wires and offer a better customer experience, all without adding operational complexity.
NudgeConvert enables community financial institutions to generate more revenue from U.S. dollar transactions that are sent internationally, transactions they have historically been funneled to foreign banks who take all the profits from the FX spread. With NudgeConvert, Acceleron brings that capability back to U.S. community financial institutions.
A Currency Conversion Tool That Pays You Back
NudgeConvert is a real-time, customer-facing interface that identifies when a USD international wire can be converted to local currency. When a transaction is flagged as eligible for conversion, or "nudgeable", it prompts the teller (or front-end interface) to inform the customer of the option to send in local currency at a competitive FX rate.
Here’s what makes it different:
It’s built to serve community financial institutions.
It converts routine USD wires into revenue-generating FX transactions.
It requires no additional tech lift, since NudgeConvert is pre-integrated with many core payment systems.
When a customer initiates a USD wire to a destination like Germany, NudgeConvert:
Checks the destination account’s currency using a proprietary anonymized database.
If the account is in Euros, it flags the transaction as “nudgeable.”
The teller is automatically prompted to offer a conversion at a live FX rate.
If the customer agrees, the wire is processed in local currency, often at a lower total cost to the customer and a better margin for the bank.
NudgeConvert makes this seamless for both the bank and the customer, quantifying savings and offering full transparency at the point of transaction. The idea is that the financial institution servicing the customer should generate revenue from that service.
Here's a demo of how NudgeConvert might look on your bank or credit union's app:
Revenue Growth:
Banks can generate up to 5x the revenue of standard USD international wires by capturing the FX spread. This is income that previously went to foreign intermediaries.
Customer Savings:
Customers often benefit from lower fees and better rate transparency when they convert upfront, especially when wire fee discounts are applied for local currency usage.
Reduced Return Wires:
Incorrect currency selection is a common cause of international wire returns. NudgeConvert mitigates this by verifying that the beneficiary’s account matches the intended currency, reducing errors and unnecessary delays.
Seamless Integration:
There’s no extra tech lift. NudgeConvert is already integrated with many core treasury platforms used by community FIs today like Fiserv Payments Exchange and Braid. In many cases, it’s as easy as flipping a switch.
NudgeConvert was purpose-built to align with the needs of community financial institutions and their customers, enabling your institution to bring FX opportunities in-house without adding staff or requiring a complex rollout.
Features include:
Tailored nudges based on country, currency, amount, originator, or recipient
Smart filtering to avoid over-prompting customer
Real-time FX pricing and conversion logic
Turnkey setup and integration with leading core platforms
You already have international wire volume, so why not make it work for you?
NudgeConvert empowers community financial institutions to capture the FX fees they’ve been missing, enhance customer experience with transparent pricing, and reduce the likelihood of wire errors, all without adding operational friction.
Stay tuned for expanded rollouts and integrations or reach out to Acceleron to learn how to turn your existing USD wire flow into a smarter, more profitable revenue stream.