The 4 biggest banks in the US are earning 44% of the banking industry’s total profits. Are you going to stand by and let those fat cats rake it all in? 😸 They are the featured players of our Friday banking meme! Community banks and credit union may not have the scale of the fat cats, but they have the agility and access to new technology to level the playing field. Read our latest newsletter to learn more! 🔗 https://lnkd.in/gWyU_xhQ #bankingindustry #communitybanking #creditunions #correspondentbanking
Acceleron Bank, In Formation
Financial Services
White River Junction, VT 1,051 followers
Turn international payments into profit opportunities
About us
Acceleron Bank, In Formation builds innovative software that helps community banks and credit unions automate international payments through an FX marketplace. Our technology streamlines wire processing, ensuring seamless end-to-end data transfer and enabling transactions in over 90 countries at reduced rates. Serving over 200 financial institutions and orchestrating over $1 billion in international payments annually, Acceleron helps small banks generate non-interest income and compete more effectively with high-fee big banks. Our correspondent banking solutions integrate seamlessly with leading payment platforms, ensuring quick implementation and smooth operation. Acceleron is dedicated to leveling the playing field, protecting community banks from de-risking, and ensuring they can thrive in the modern financial landscape.
- Website
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www.acceleronbank.com
External link for Acceleron Bank, In Formation
- Industry
- Financial Services
- Company size
- 11-50 employees
- Headquarters
- White River Junction, VT
- Type
- Privately Held
- Founded
- 2011
- Specialties
- International Payments, Non Interest Income , Derisking, Community Banks, Credit Unions, Community Bank, Credit Union, FX, FinTech, Payments, Bank, Bank Local, Foreign Exchange, FX Wires, Bank Revenue, Data, Bank Local, Wires, Software development, International payments, correspondent banking, correspondent bank, and international wires
Locations
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Primary
White River Junction, VT 05001, US
Employees at Acceleron Bank, In Formation
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Joe Rothermich, CFA
AI in Finance | Research and Product Leader | Founder
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Elisabeth Laett
Managing Partner | Fintech Investor AI |Top 50 Women in Fintech in Canada | Sports, Media & Entertainment fund
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Rojin Nair
Dreamer Thinker Designer Creator
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Sarah Beth Felix
CEO at Palmera Consulting; Co-Founder & Chief AML Officer at Acceleron Bank; Co-Founder at Hyper-S Research
Updates
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Kick off the new year with key updates shaping the future of community banks and credit unions! 📌 https://lnkd.in/gdGySttj What headlines should be on your radar? Swipe through our carousel to stay on top of the latest community banking news updates. 👉 Read the full article for details on how these news items affect community banks and credit union. Link above and in the comments! #communitybanking #bankingindustry #creditunions #correspondentbanking
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How do you thwart financial criminals using FBI tactics? 🔗 https://lnkd.in/ghGatfvr Read our exclusive interview with the former FBI Chief of the Financial Crimes Unit, Dennis Lormel, who led the 9/11 investigation that traced terrorist funding to Al Qaeda. Dive into his behind-the-scenes insights on uncovering criminial financial networks, staying one step ahead of bad actors, and his work with ACAMS to help community banks and credit unions leverage these strategies. The link for this must-read article is above and in the comments. #AML #CommunityBanking #financialcrime #correspondentbanking
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The first 2025 edition of The Exchange is here! 💱 🎉 It’s packed with actionable insights, strategies from David Nohe, CEO of FinGoal, Marcia Klingensmith, CEO of FinTech Consulting, LLC, and Acceleron CEO Damon Magnuski. Last but not least — a banking meme featuring fat cats 🐱 that we had too much fun creating. Dive in and see what’s shaping the future of banking this new year. Enjoy! #bankingindustry #communitybanking #creditunions #correspondentbanking
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Exciting news! We’re thrilled to welcome Marcia Klingensmith, CEO of FinTech Consulting, LLC, also known as the instant payments maven, to the Acceleron advisory board! 🎉 Marcia’s impressive career spans roles at FIS, Bank of America, and Wells Fargo, where she drove product innovation, as well as Visa and LexisNexis Risk Solutions, where she specialized in fraud, identity, and cybersecurity. She has a deep expertise for helping community banks and credit unions modernize their payment systems, particularly in the instant payments space. Her addition to the advisory board comes at a critical time as financial institutions adapt to consumer and business demand for faster, more transparent international payments. Read Marcia’s insights for adopting instant payments in our Correspondent Connection magazine profile 🔗 https://lnkd.in/dFQxdRpe #bankingindustry #communitybanking #creditunions #correspondentbanking
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What 2025 Holds for Community Banks 📌: Key Regulatory and Industry Updates 🔗 https://lnkd.in/gdGySttj From the Fed's rate cuts and Michael Barr's resignation to new CFPB regulations on overdraft fees and lawsuits over Zelle fraud — January kicks off with major developments shaping the future of community banking. Discover what these changes mean for community banks and credit unions in our latest Community Banking News Update. Link above and in the comments. #communitybanking #creditunions #bankingindustry #correspondentbanking
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Why leave money on the table when it belongs to you? 💵 Learn how to earn revenue on foreign exchange wires and transform your international payments into a revenue stream. Swipe through our carousel 👉 for the details. For more on earning non-interest income through international payments read the full article on the Correspondent Connection Magazine 🔗 https://lnkd.in/g4pNZZ5X #bankingindustry #communitybanking #correspondentbanking #creditunions
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Is your financial institution managing international wire transfers compliantly? 🚨 🔗 https://lnkd.in/gZmakdvx Our Co-Founder and Chief AML Officer Sarah Beth Felix breaks down the top 3 compliance challenges in correspondent banking relationships — and how to address them. Don’t miss these important insights. Link above and in the comments. #bankingindustry #AML #correspondentbanking #communitybanking
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New year, new correspondent banking partner? 🏦 🔗 https://lnkd.in/gPVdQfbR Discover the top 7 factors — like pre-integration, tailored product offerings, and automation — that can help your financial institution maximize banking profitability in 2025. Read the full article on what to look for in a new correspondent banking partner. Link above and in the comments! #correspondentbanking #bankingindustry #communitybanking #creditunions
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When money laundering becomes common knowledge and the punchline of employee jokes, where does the real failure lie? Our Co-Founder and Chief AML Officer, Sarah Beth Felix, dives into the anti-money laundering shortcomings at TD Bank in American Banker. She explains why preventing fraud requires a complete rethink of AML structures, leadership, and team culture. Read her expert insights here: https://lnkd.in/gamQzvQp 🔗 PDF link in the comments. #bankingindustry #communitybanking #creditunions #AML
When employees are LOLing money laundering, can tech help?
americanbanker.com