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Why Your Financial Institution Should
Offer International FX Services
Prepared by: Bobby Gambino
$ โ‚ฌ ยฃ ยฅ
Currency Exchange International, Corp.
Currency Exchange International, Corp. (TSX: CXI) is North Americaโ€™s
leading foreign exchange company; providing a variety of services
including foreign banknote solutions, foreign check clearing and
international wire transfers.
2
โ€ข Headquartered in Orlando, Florida with over 250 employees.
โ€ข National cash processing vaults in Los Angeles, New York, Miami, Orlando
and Toronto.
โ€ข Publically traded on the Toronto Stock Exchange (TSX:CXI) and OTC
(OTCBB:CURN).
โ€ข Licensed by the State of Florida Department of Financial Institutions and
registered with the Department of Treasury.
โ€ข Services over 1,000 banks representing over 15,000 branches throughout
the United States.
โ€ข Over 30 company owned retail branches strategically located throughout
the United States.
โ€ข Conducted over 500,000 transactions in 2013 totaling over $850 million,
anticipated banknote exchange volume in 2014 is expected to reach $2
billion.
Currency Exchange International Corp.
Currency Exchange International Corp.
Services Offered
How Your Bank Can Capitalize
Foreign Banknotes Create an alternative for the credit/debit card abroad
International Wire Transfers Capitalize on small business, SBA account holders and corporate clients
Foreign Checks/Foreign Drafts Huge revenue potential while completing the FX product matrix
3
Currency Exchange International Corp.
The Demand: Inbound/Outbound Travel
and Import/Export 2013
โ€ขIn 2013, total U.S. trade with foreign countries was $5.02 trillion. This consisted of
$2.272 trillion in exports and $2.744 trillion in imports of both goods and services.
โ€ขSince 2009, small-business authorizations have accounted for more than 85% or more of
Import/Export total authorizations.
โ€ขForecasted U.S. import/export will increase by over 50% in the next 4-6 years.
โ€ข29 million Americans traveled overseas in 2013 (10% of US population).
โ€ขThe pacific region is responsible for 20% of outbound travel.
โ€ขAmericans spent $104 billion overseas, just on travel and tourism.
4
Currency Exchange International Corp.
Why offer FX Services?
5
โ€ขCreates an additional avenue for non-interest fee income for the bank
(margin and fee).
โ€ขCreates a full international department without any risks or expenses.
โ€ขAttracts new business/account holders, while up-selling/cross-selling current
account holders.
โ€ขBank will now be highly competitive with other banks in its peer group.
โ€ขOffers four new products for your business development teams to advertise and
market.
โ€ขDistinguished product/service set that substantially differentiates the bank from
the competition.
Currency Exchange International Corp.
Who we service
6
Think your organization is too small?
Number of branches Number of assets
Smallest: 1 Smallest: $98,000,000
Largest: 2,970 Largest: 316,651,968,000
Correspondent
Bank
Correspondent
Bank
Account
Holder
FX
Wholesaler
Currency Exchange International Corp.
CXI vs. Correspondent Bank Comparison
Buying or Selling Foreign Currency
7
Account
Holder
Your community
bank
Your
Community
Bank
Account
Holder
Account
Holder
Community Bank
Partnered with CXI
Many small banks send services to upstream banks which are expensive and manual in nature.
Although CXI services upstream/correspondent banks, CXI advises partnering directly with an FX
wholesaler, like CXI.
Correspondent Bank Approach
CXIโ€™s Direct Approach
Currency Exchange International Corp.
Why Choose CXI?
โ€ข Financial Institution receives extremely low pricing.
โ€ข Customer receives great rates, service and fast shipping.
โ€ข No shipping costs.
โ€ข CXI provides CEIFX software & procedures.
โ€ข CXI provides startup kits with counterfeit lights.
โ€ข CXI hosts all training in person & webinar.
โ€ข CEIFX provides industry leading compliance system with live OFAC checks for
each transaction.
โ€ข CXI does not charge a startup, monthly or yearly fee for the software or
services.
โ€ข CXI takes all risk of counterfeit currency and exchange rate fluctuation (no
risk).
8
Currency Exchange International Corp.
Contact Info
Bobby Gambino
Business Development Manager
Currency Exchange International Corp.
bobby.gambino@ceifx.com
www.linkedin.com/in/robertgambino
407-536-5529 (Direct)
561-504-2118 (Mobile)
9

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Why your Financial Institution should offer foreign exchange services

  • 1. Why Your Financial Institution Should Offer International FX Services Prepared by: Bobby Gambino $ โ‚ฌ ยฃ ยฅ
  • 2. Currency Exchange International, Corp. Currency Exchange International, Corp. (TSX: CXI) is North Americaโ€™s leading foreign exchange company; providing a variety of services including foreign banknote solutions, foreign check clearing and international wire transfers. 2 โ€ข Headquartered in Orlando, Florida with over 250 employees. โ€ข National cash processing vaults in Los Angeles, New York, Miami, Orlando and Toronto. โ€ข Publically traded on the Toronto Stock Exchange (TSX:CXI) and OTC (OTCBB:CURN). โ€ข Licensed by the State of Florida Department of Financial Institutions and registered with the Department of Treasury. โ€ข Services over 1,000 banks representing over 15,000 branches throughout the United States. โ€ข Over 30 company owned retail branches strategically located throughout the United States. โ€ข Conducted over 500,000 transactions in 2013 totaling over $850 million, anticipated banknote exchange volume in 2014 is expected to reach $2 billion. Currency Exchange International Corp.
  • 3. Currency Exchange International Corp. Services Offered How Your Bank Can Capitalize Foreign Banknotes Create an alternative for the credit/debit card abroad International Wire Transfers Capitalize on small business, SBA account holders and corporate clients Foreign Checks/Foreign Drafts Huge revenue potential while completing the FX product matrix 3
  • 4. Currency Exchange International Corp. The Demand: Inbound/Outbound Travel and Import/Export 2013 โ€ขIn 2013, total U.S. trade with foreign countries was $5.02 trillion. This consisted of $2.272 trillion in exports and $2.744 trillion in imports of both goods and services. โ€ขSince 2009, small-business authorizations have accounted for more than 85% or more of Import/Export total authorizations. โ€ขForecasted U.S. import/export will increase by over 50% in the next 4-6 years. โ€ข29 million Americans traveled overseas in 2013 (10% of US population). โ€ขThe pacific region is responsible for 20% of outbound travel. โ€ขAmericans spent $104 billion overseas, just on travel and tourism. 4
  • 5. Currency Exchange International Corp. Why offer FX Services? 5 โ€ขCreates an additional avenue for non-interest fee income for the bank (margin and fee). โ€ขCreates a full international department without any risks or expenses. โ€ขAttracts new business/account holders, while up-selling/cross-selling current account holders. โ€ขBank will now be highly competitive with other banks in its peer group. โ€ขOffers four new products for your business development teams to advertise and market. โ€ขDistinguished product/service set that substantially differentiates the bank from the competition.
  • 6. Currency Exchange International Corp. Who we service 6 Think your organization is too small? Number of branches Number of assets Smallest: 1 Smallest: $98,000,000 Largest: 2,970 Largest: 316,651,968,000
  • 7. Correspondent Bank Correspondent Bank Account Holder FX Wholesaler Currency Exchange International Corp. CXI vs. Correspondent Bank Comparison Buying or Selling Foreign Currency 7 Account Holder Your community bank Your Community Bank Account Holder Account Holder Community Bank Partnered with CXI Many small banks send services to upstream banks which are expensive and manual in nature. Although CXI services upstream/correspondent banks, CXI advises partnering directly with an FX wholesaler, like CXI. Correspondent Bank Approach CXIโ€™s Direct Approach
  • 8. Currency Exchange International Corp. Why Choose CXI? โ€ข Financial Institution receives extremely low pricing. โ€ข Customer receives great rates, service and fast shipping. โ€ข No shipping costs. โ€ข CXI provides CEIFX software & procedures. โ€ข CXI provides startup kits with counterfeit lights. โ€ข CXI hosts all training in person & webinar. โ€ข CEIFX provides industry leading compliance system with live OFAC checks for each transaction. โ€ข CXI does not charge a startup, monthly or yearly fee for the software or services. โ€ข CXI takes all risk of counterfeit currency and exchange rate fluctuation (no risk). 8
  • 9. Currency Exchange International Corp. Contact Info Bobby Gambino Business Development Manager Currency Exchange International Corp. bobby.gambino@ceifx.com www.linkedin.com/in/robertgambino 407-536-5529 (Direct) 561-504-2118 (Mobile) 9