Community bank consolidates domestic and foreign wire processing into a single, integrated workflow
Acceleron, a correspondent banking software platform that automates international wire processing, today announced a new partnership with Legacy Bank, a community bank serving South Central Kansas for 140 years, to modernize and streamline its international wire transfer operations. The partnership helped Legacy Bank unify its wire processing onto a single, integrated platform to eliminate manual steps and duplicate efforts across the frontline and back-office teams.
Many community banks are still managing wires across disconnected systems. We’re proud to partner with Legacy Bank to consolidate these processes into a single, streamlined experience.”
— Damon Magnuski, CEO of Acceleron
Prior to partnering with Acceleron, Legacy Bank managed foreign and domestic wires across separate systems, requiring staff to log into multiple platforms and reenter wire details manually. This fragmented workflow added time to each transaction and increased operational complexity.
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With Acceleron’s platform now integrated into the bank’s core system, Legacy Bank has streamlined the process end-to-end. Retail staff can enter wire information once, see conversion rates, generate required currency disclosures at the point of service, and seamlessly hand off transactions to operations for approval and release, without redundant data entry or system switching.
“We’re invested in making our operations team’s day-to-day work as easy and frictionless as possible so they can focus on serving our customers well,” said Jesse Nienke, SVP of Operations at Legacy Bank. “Consolidating our wire processing into one system has already freed up time and reduced a lot of the everyday friction our team used to deal with. Our retail staff can now walk a customer through the entire process while they’re still at the branch, which is a meaningful improvement in service.”
The new workflow also enhances consistency in reporting and reconciliation, giving Legacy Bank’s operations team clearer visibility and a more reliable source of truth across its payments activity.
“Many community banks are still managing wires across disconnected systems, which creates unnecessary friction for both staff and customers,” said Damon Magnuski, CEO of Acceleron. “We’re proud to partner with Legacy Bank to consolidate these processes into a single, streamlined experience, reducing manual effort, improving accuracy, and enabling their team to operate more efficiently.”
With outbound foreign wires now streamlined, the two organizations are turning next to Legacy Bank’s inbound international wires to improve transparency and data accuracy, a process that will further reduce the bank’s reliance on legacy origination systems.
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