Alkami Technology, Inc. (Nasdaq: ALKT), a cloud-based digital banking solutions provider for financial institutions in the U.S., unveiled key updates focused on enhancing its digital sales and services platform.
The Alkami Digital Sales & Service Platform will allow financial institutions to onboard, engage, and “grow their account base, where for each critical job to be executed, Alkami provides a best-of-breed solution.”
Each solution can function independently, or when combined, results in the Alkami Digital Sales & Service Platform that “enables banks and credit unions to land and expand account holder relationships.”
The Platform is comprised of three solutions, each serving an essential purpose in the account holder relationship:
- Onboarding & Account Opening Solution (onboarding) – With its acquisition of MANTL, Alkami’s solution works through all channels (digital, in-branch, and call center), across all account holder segments (retail, business, and commercial), and for virtually all deposit types and is proven to boost deposit growth with a higher-converting application, higher initial funding, and less fraud than competitive alternatives.
- Digital Banking Solution (engagement and protection) – Alkami was awarded “Best Banking App” by Tearsheet in 2024 and is the fastest-growing among all banks and credit unions combined.
- Data & Marketing Solution (growth) – Alkami’s solution is purpose-built for financial institutions and provides 50,000 descriptive data tags and a dozen AI predictive models trained on analyzing more than 18 billion core transactions, improving personalized targeting and cross-selling efforts, increasing revenue, and reducing churn.
Alex Shootman, chief executive officer at Alkami said:
“With our recent acquisitions and investments, Alkami is poised to deliver the industry’s leading digital sales and service platform that helps our customers compete against megabanks and win. With the Platform, Alkami’s customers will usher in the next wave of innovation in the industry—Anticipatory Banking—moving beyond personalization to anticipate the needs of their account holders.”
As noted in the update, Alkami Technology, Inc. is a cloud-based digital banking solutions provider for financial institutions in the United States that enables clients “to grow confidently, adapt quickly, and build thriving digital communities.”
Alkami explains that it helps clients transform “through retail and business banking, digital account opening, payment security, and data and marketing solutions.”
