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Kemba Credit Union Launches Alkami's Digital Banking Platform for Retail and Business Members

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Kemba Credit Union has partnered with Alkami Technology (Nasdaq: ALKT) to launch its digital banking platform for both retail and business members. The platform provides intuitive self-service tools, personalized user experience, enhanced member engagement, and advanced fraud detection capabilities. Through Alkami's single platform experience, Kemba aims to drive growth in new deposit accounts, enhance cross-sell opportunities, and strengthen loyalty. The platform's extensibility solutions, including SDK and APIs, will allow Kemba to customize their digital banking platform and connect with fintech ecosystem functionality.

Kemba Credit Union ha collaborato con Alkami Technology (Nasdaq: ALKT) per lanciare la sua piattaforma di banking digitale per membri al dettaglio e aziendali. La piattaforma offre strumenti di self-service intuitivi, un'esperienza utente personalizzata, un coinvolgimento migliorato dei membri e avanzate capacità di rilevamento delle frodi. Attraverso l'esperienza della piattaforma unificata di Alkami, Kemba mira a stimolare la crescita di nuovi conti deposito, migliorare le opportunità di vendita incrociata e rafforzare la fedeltà. Le soluzioni di estensibilità della piattaforma, tra cui SDK e API, permetteranno a Kemba di personalizzare la propria piattaforma di banking digitale e connettersi con le funzionalità dell'ecosistema fintech.

Kemba Credit Union se ha asociado con Alkami Technology (Nasdaq: ALKT) para lanzar su plataforma de banca digital tanto para miembros minoristas como para empresarios. La plataforma ofrece herramientas de autoservicio intuitivas, una experiencia de usuario personalizada, un mayor compromiso de los miembros y capacidades avanzadas de detección de fraudes. A través de la experiencia de plataforma única de Alkami, Kemba busca impulsar el crecimiento de nuevas cuentas de depósito, mejorar las oportunidades de venta cruzada y fortalecer la lealtad. Las soluciones de extensibilidad de la plataforma, que incluyen SDK y API, permitirán a Kemba personalizar su plataforma de banca digital y conectarse con la funcionalidad del ecosistema fintech.

Kemba Credit UnionAlkami Technology (Nasdaq: ALKT)와 협력하여 소매 및 기업 회원을 위한 디지털 뱅킹 플랫폼을 출시했습니다. 이 플랫폼은 직관적인 셀프 서비스 도구, 개인화된 사용자 경험, 향상된 회원 참여 및 고급 사기 탐지 기능을 제공합니다. Alkami의 단일 플랫폼 경험을 통해 Kemba는 새로운 예금 계좌의 성장을 촉진하고, 교차 판매 기회를 강화하며, 충성도를 높이는 것을 목표로 하고 있습니다. 플랫폼의 확장성 솔루션, SDK 및 API를 포함하여 Kemba는 자신의 디지털 뱅킹 플랫폼을 사용자 맞춤형으로 조정하고 핀테크 생태계 기능과 연결할 수 있습니다.

Kemba Credit Union s'est associé à Alkami Technology (Nasdaq: ALKT) pour lancer sa plateforme de banque numérique pour les membres de détail et d'entreprise. La plateforme offre des outils de libre-service intuitifs, une expérience utilisateur personnalisée, un engagement des membres renforcé et des capacités avancées de détection des fraudes. Grâce à l'expérience de plateforme unique d'Alkami, Kemba vise à stimuler la croissance des nouveaux comptes de dépôt, à améliorer les opportunités de vente croisée et à renforcer la fidélité. Les solutions d'extensibilité de la plateforme, y compris les SDK et les API, permettront à Kemba de personnaliser sa plateforme de banque numérique et de se connecter aux fonctionnalités de l'écosystème fintech.

Kemba Credit Union hat sich mit Alkami Technology (Nasdaq: ALKT) zusammengeschlossen, um seine digitale Banking-Plattform für sowohl Einzelhandels- als auch Geschäftskunden zu starten. Die Plattform bietet intuitive Self-Service-Tools, ein personalisiertes Benutzererlebnis, eine verbesserte Mitgliedereinbindung und fortschrittliche Betrugserkennungsfähigkeiten. Durch die einheitliche Plattformerfahrung von Alkami zielt Kemba darauf ab, das Wachstum neuer Einlagenkonten zu fördern, Cross-Selling-Möglichkeiten zu verbessern und die Loyalität zu stärken. Die Erweiterungslösungen der Plattform, einschließlich SDK und APIs, ermöglichen es Kemba, ihre digitale Banking-Plattform zu personalisieren und sich mit den Funktionen des Fintech-Ökosystems zu verbinden.

Positive
  • Platform enables growth in new deposit accounts
  • Enhanced cross-sell opportunities through single platform experience
  • Advanced fraud detection and prevention capabilities
  • Customizable platform through SDK and API integration
Negative
  • None.

Insights

This partnership announcement, while positive, has immediate financial impact. Kemba Credit Union is a relatively small regional player and the deal's financial terms aren't disclosed. However, it demonstrates Alkami's continued market penetration in the credit union space and validates their platform's capabilities, particularly in serving both retail and business members.

The implementation success and client satisfaction mentioned could help attract more credit union partnerships, as this sector highly values peer references. The J.D. Power certification adds credibility to their mobile banking solution. While this specific deal won't significantly move the needle for a company with a $4B market cap, it reinforces Alkami's growth strategy in the competitive digital banking solutions market.

Cincinnati-based credit union will deliver enhanced experience with new digital banking platform for both retail and business members

PLANO, Texas, Nov. 7, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., announced today that Kemba Credit Union, a Cincinnati, Ohio-based credit union, has partnered with Alkami to launch its digital banking solution for both retail and business members. Alkami's comprehensive Digital Banking Platform will equip Kemba Credit Union's members with intuitive self-service tools and a highly personalized user experience. The platform also enhances member engagement and provides advanced fraud detection and prevention capabilities.

Alkami's single platform experience for retail and business banking solutions, will allow Kemba Credit Union the opportunity to drive growth in new deposit accounts, enhance cross-sell opportunities and strengthen loyalty. Alkami's continuous innovation, transparent roadmap, and proven track record in customer success will help ensure that Kemba Credit Union can stay competitive and meet the evolving needs of its members with cutting-edge, scalable solutions. In addition, with Alkami's extensibility solutions including its software development kit (SDK) and application programming interfaces (APIs), Kemba Credit Union will be well-equipped to control the pace of their innovation by customizing their digital banking platform to their members' needs, as well as provide connectivity to functionality across the fintech ecosystem.

"We pride ourselves in providing our members with a high-quality, personalized banking experience that will further our mission to enrich their financial lives. By partnering with Alkami, we are thrilled to expand that experience through a new digital platform," said Dan Sutton, president and chief executive officer of Kemba Credit Union. "The launch and implementation of Alkami's Platform exceeded our expectations, and we are impressed with the speed, look, and feel of the mobile application."

"Kemba's successful launch and transition to the Alkami Platform is indicative of a strong partnership to come and we are looking forward to providing their retail and business members with exceptional digital banking resources," said Shannon Marshburn, vice president, client experience group services at Alkami.

Alkami has been certified by J.D. Power for providing "An Outstanding Mobile Banking Platform Experience1."

To learn more about Alkami's digital banking services, visit here.

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.

About Kemba Credit Union
Founded in 1934, Kemba Credit Union serves the financial needs of over 130,000 members in Southwest Ohio, Southeast Indiana, and Northern Kentucky. With over $1.7 billion in assets, Kemba's mission is to enrich the financial lives of its members, employees, and communities it serves. For more information, visit kemba.com.

Media Relations Contacts
Vested
alkami@fullyvested.com

Marla Pieton
marla.pieton@alkami.com

1 J.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.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/kemba-credit-union-launches-alkamis-digital-banking-platform-for-retail-and-business-members-302297827.html

SOURCE Alkami Technology, Inc.

FAQ

What digital banking solution has Kemba Credit Union launched with Alkami (ALKT)?

Kemba Credit Union has launched Alkami's comprehensive Digital Banking Platform, which provides digital banking solutions for both retail and business members with self-service tools and personalized user experience.

What are the key features of Alkami's (ALKT) digital banking platform for Kemba Credit Union?

Key features include intuitive self-service tools, personalized user experience, enhanced member engagement, advanced fraud detection, and extensibility solutions through SDK and APIs for customization and fintech ecosystem connectivity.

What certifications has Alkami's (ALKT) mobile banking platform received?

Alkami has been certified by J.D. Power for providing 'An Outstanding Mobile Banking Platform Experience.'

Alkami Technology, Inc.

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