STOCK TITAN

Alkami Surpasses All Digital Banking Providers To Become #1 in Credit Union Market Share

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

Alkami Technology (Nasdaq: ALKT) has achieved the top position in credit union market share among digital banking providers, according to FI Navigator data. The company's success is evidenced by superior performance metrics of their credit union clients, who showed stronger deposit, loan, and revenue growth from January 2020 to June 2024 compared to peers. Additionally, Alkami's Mobile Platform recently received J.D. Power certification for 'An Outstanding Mobile Banking Platform Experience,' outperforming industry benchmarks across 146 best practices in mobile app development, design, and operational performance.

Alkami Technology (Nasdaq: ALKT) ha raggiunto la posizione di leader nella quota di mercato delle cooperative di credito tra i fornitori di servizi bancari digitali, secondo i dati di FI Navigator. Il successo dell'azienda è dimostrato da metriche di performance superiori dei loro clienti, che hanno registrato una crescita più forte in depositi, prestiti e ricavi dal gennaio 2020 a giugno 2024 rispetto ai concorrenti. Inoltre, la piattaforma mobile di Alkami ha recentemente ottenuto la certificazione J.D. Power per 'Un'eccezionale esperienza di piattaforma di mobile banking', superando i benchmark del settore in 146 migliori pratiche nello sviluppo, design e performance operativa delle app mobili.

Alkami Technology (Nasdaq: ALKT) ha logrado la posición de líder en la cuota de mercado de cooperativas de crédito entre los proveedores de banca digital, según los datos de FI Navigator. El éxito de la empresa se evidencia en métricas de rendimiento superiores de sus clientes de cooperativas de crédito, quienes mostraron un crecimiento más fuerte en depósitos, préstamos e ingresos desde enero de 2020 hasta junio de 2024 en comparación con sus pares. Además, la Plataforma Móvil de Alkami recibió recientemente la certificación de J.D. Power por 'Una experiencia excepcional en plataformas de banca móvil', superando los estándares de la industria en 146 mejores prácticas en desarrollo de aplicaciones móviles, diseño y rendimiento operativo.

알카미 테크놀로지 (Nasdaq: ALKT)는 FI Navigator 데이터에 따르면 디지털 은행 제공업체 중 신용 조합 시장 점유율 1위를 차지했습니다. 회사의 성공은 2020년 1월부터 2024년 6월까지 신용 조합 고객들의 우수한 성과 지표에 의해 입증되었으며, 이들은 동종업계에 비해 더 강한 예금, 대출 및 수익 성장을 보였습니다. 또한, 알카미의 모바일 플랫폼은 최근 J.D. Power 인증을 획득하여 '우수한 모바일 뱅킹 플랫폼 경험'에서 146개의 모바일 앱 개발, 디자인 및 운영 성능의 산업 벤치마크를 초과 달성했습니다.

Alkami Technology (Nasdaq: ALKT) a atteint la première position en part de marché des coopératives de crédit parmi les fournisseurs de services bancaires numériques, selon les données de FI Navigator. Le succès de l'entreprise se manifeste par des indicateurs de performance supérieurs de ses clients coopératifs de crédit, qui ont connu une croissance plus forte de leurs dépôts, prêts et revenus entre janvier 2020 et juin 2024 par rapport à leurs pairs. De plus, la plateforme mobile d'Alkami a récemment reçu la certification J.D. Power pour 'Une expérience exceptionnelle de plateforme bancaire mobile', surpassant les normes de l'industrie dans 146 meilleures pratiques en matière de développement, de design et de performance opérationnelle des applications mobiles.

Alkami Technology (Nasdaq: ALKT) hat laut FI Navigator-Daten die Spitzenposition im Marktanteil von Kreditgenossenschaften unter den Anbietern digitaler Bankdienstleistungen erreicht. Der Erfolg des Unternehmens spiegelt sich in den überlegenen Leistungskennzahlen seiner Kreditgenossenschaftskunden wider, die von Januar 2020 bis Juni 2024 im Vergleich zu ihren Mitbewerbern ein stärkeres Wachstum bei Einlagen, Krediten und Einnahmen zeigten. Darüber hinaus erhielt Alkamis mobile Plattform kürzlich die Zertifizierung von J.D. Power für 'Eine außergewöhnliche mobile Banking-Plattform-Erfahrung', die in 146 Best Practices in der Entwicklung, dem Design und der operativen Leistung von mobilen Apps die Branchenbenchmarks übertraf.

Positive
  • Achieved #1 market share position in credit union digital banking
  • Clients outperformed peers in deposit, loan, and revenue growth (Jan 2020 - Jun 2024)
  • Received J.D. Power certification for mobile banking platform
  • Exceeded industry benchmarks across 146 mobile app best practices
Negative
  • None.

Insights

The market leadership position in credit union digital banking represents a significant competitive advantage for Alkami. The FI Navigator data showing superior performance metrics for Alkami's clients (deposit, loan and revenue growth) validates the platform's effectiveness in driving financial institution success. The J.D. Power certification adds credibility, particularly considering the rigorous 146-point evaluation criteria.

This dual validation from independent sources strengthens Alkami's market position and could drive increased adoption among the remaining credit unions looking to upgrade their digital infrastructure. The credit union market represents a stable, growing segment with high retention rates once relationships are established. With the highest market share of mobile users, Alkami is well-positioned to benefit from the ongoing digital transformation in financial services.

Recognition follows Alkami's J.D. Power certification for its Mobile Banking Platform

PLANO, Texas, Nov. 6, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions for financial institutions in the U.S., today announced it has been listed as the top digital banking provider in credit union market share based on the number of enrolled mobile users by FI Navigator, a leading U.S. banking vertical data and analytics company. FI Navigator data also shows that credit unions on the Alkami platform outperformed their peers in deposit, loan, and revenue growth from January 1, 2020 to June 30, 2024.

"Alkami is privileged to be the trusted leader in digital banking among credit unions and to serve the most successful institutions in the market," said Alex Shootman, chief executive officer at Alkami. "We are honored to deliver a digital sales and service platform that helps our clients engage and retain their account holders to outpace their peers in key financial metrics."

This announcement comes on the heels of Alkami's Mobile Platform being certified by J.D. Power for "An Outstanding Mobile Banking Platform Experience1" for clients. To earn this certification, Alkami's mobile banking app ranked among top performers in the most recent J.D. Power North America Mobile App Satisfaction IndexSM and Alkami outperformed industry benchmarks across 146 best practices covering all aspects of mobile app development, design, and operational performance.

Curry Pelot, chief information officer and founder at FI Navigator added, "At FI Navigator, our mission is to provide financial institutions and their partners with business insights that inform strategic decisions, from profitability and franchise growth to risk management and product development. This achievement highlights the exceptional level of service that Alkami consistently delivers to its credit union customers."

To learn more about Alkami's Digital Banking Solutions, visit here

1J.D. Power 2024 Mobile App Platform Certification ProgramSM recognition is based on successful completion of an audit and exceeding a customer experience benchmark through a survey of recent servicing interactions. For more information, visit www.jdpower.com/awards.

About Alkami
Alkami Technology, Inc. is a leading 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 helps clients transform through retail and business banking, digital account opening, payment security, and data and marketing solutions. To learn more, visit www.alkami.com.

Media Relations Contacts
Vested
alkami@fullyvested.com

Marla Pieton
marla.pieton@alkami.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/alkami-surpasses-all-digital-banking-providers-to-become-1-in-credit-union-market-share-302296825.html

SOURCE Alkami Technology, Inc.

FAQ

What recognition did Alkami (ALKT) receive in the credit union market in 2024?

Alkami became the #1 digital banking provider in credit union market share based on enrolled mobile users, according to FI Navigator data.

How did Alkami's (ALKT) credit union clients perform between 2020-2024?

Credit unions using Alkami's platform outperformed their peers in deposit, loan, and revenue growth from January 1, 2020 to June 30, 2024.

What certification did Alkami (ALKT) receive from J.D. Power in 2024?

Alkami's Mobile Platform received J.D. Power certification for 'An Outstanding Mobile Banking Platform Experience,' outperforming benchmarks across 146 best practices.

Alkami Technology, Inc.

NASDAQ:ALKT

ALKT Rankings

ALKT Latest News

ALKT Stock Data

3.98B
63.17M
27.24%
56.95%
0.84%
Software - Application
Services-prepackaged Software
Link
United States of America
PLANO