Alkami Technology, Inc. - ALKT STOCK NEWS

Nutmeg State Financial Credit Union has launched Alkami's Digital Banking Platform to enhance its online and mobile banking services. The platform offers a wide range of features including account aggregation, financial wellness education, and advanced account management tools. This launch reaffirms the credit union's commitment to exceptional member service.

The Alkami Platform provides intuitive self-service tools and is powered by a dataset comparable to large megabanks. It offers features such as instant loan payments, account monitoring, and enhanced data analytics. The platform also integrates with other fintech companies, allowing Nutmeg State Financial Credit Union to collaborate with leading providers in the market.

Greg Angelillo, chief experience officer at Nutmeg State Financial Credit Union, emphasized that this new mobile banking platform represents a significant step in their digital-first commitment to members. Jeff Chen, chief of staff, Product at Alkami, highlighted the importance of digital banking solutions as differentiators for financial institutions.

Alkami Technology, Inc. (Nasdaq: ALKT) has launched 'The 2025 Digital Banking Playbook: Budgeting & Strategies for Banks and Credit Unions'. This comprehensive guide offers insights and strategies to help financial institutions navigate the future of banking. The playbook addresses critical areas such as personalization, data utilization, security practices, and artificial intelligence in banking.

The playbook outlines three key plays for financial institutions to achieve sustainable growth and transformation:

• 24/7 Access to Accounts & Money
• Guarding the Financial Institution & Account Holders
• Leverage Data Insights for Diversification

Stephen Bohanon, Alkami's founder and chief strategy officer, emphasizes the importance of excelling at the basics of digital banking sales and service methodology for top-performing institutions.

Alkami Technology, Inc. (Nasdaq: ALKT) has partnered with Intrepid Credit Union to launch Alkami's Digital Banking Platform, offering members an enhanced digital banking experience. The upgrade provides new tools and features to empower members on their financial journey and deliver a best-in-class user experience.

The platform includes intuitive self-service tools and a personalized user experience, allowing Intrepid Credit Union to foster greater engagement and growth. It integrates important digital banking services across online account opening, payments, and financial wellness, enhancing cross-sell opportunities and improving member satisfaction.

Alkami's diverse partner ecosystem enables Intrepid Credit Union to tailor their digital banking experience and remain at the forefront of fintech innovation. The new platform represents Intrepid Credit Union's commitment to providing cutting-edge, user-friendly banking solutions for their members' success.

Alkami Technology (Nasdaq: ALKT) has been awarded the Banking Partner of Excellence™ Award at the 9th Annual Best Banks in America™ Super Conference. This recognition comes from nominations by elite performing banks and voting by industry-expert judges, highlighting Alkami's exceptional service and innovation in the digital banking sector.

The award follows Alkami's recent achievements, including:

• Listing in the 2024 IDC FinTech Rankings Top 100 Solution Provider list
• J.D. Power certification for providing "An Outstanding Mobile Banking Platform Experience"

Alkami's mobile banking platform outperformed industry benchmarks across 146 best practices in app development, design, and functionality. This recognition underscores Alkami's commitment to excellence in cloud-based digital banking solutions for U.S. financial institutions.

Alkami Technology (Nasdaq: ALKT) has been named to the 2024 IDC FinTech Rankings Top 100 list of solution providers. This prestigious ranking recognizes the leading global enterprises serving the financial services and FinTech industries. IDC Financial Insights compiles this Fortune 500-style list based on calendar year revenues from financial institutions for hardware, software, and services.

The IDC FinTech Rankings highlight companies that provide important technological innovation to keep financial services at the forefront of modern digital experiences. IDC forecasts worldwide IT spending in the financial services industry to exceed $800 billion by 2026. Alkami's inclusion in this list underscores its commitment to helping financial institutions execute digital transformation initiatives and enhance customer experiences.

Alkami Technology (Nasdaq: ALKT) recently hosted a webinar titled 'A Banking Executive Masterclass: Preparing for Open Banking in the United States.' The event featured insights from Alkami's CTO Deep Varma, product owner Jamie Lang, and CCG Catalyst's senior research analyst Tyler Brown. They discussed open banking's impact on financial institutions and provided guidance on preparation strategies.

Key points included:

• The importance of educating both financial institutions and consumers about open banking
• Alkami's readiness for open banking with its developer-first approach and API capabilities
• The upcoming CFPB rule recognizing open banking standards
• Consumer demand driving the push for open banking
• The need for financial institutions to proactively prepare for this shift

Alkami Technology (Nasdaq: ALKT) was named to CNBC's 2024 World's Top 250 Fintech Companies List, specifically under the Banking Solutions category. The selection, based on a detailed analysis by Statista of over 20,000 data points from more than 2,000 eligible firms, recognizes Alkami among 25 companies driving innovation in banking processes such as Banking-as-a-Service (BaaS) and Open Banking.

CEO Alex Shootman emphasized the honor and Alkami's commitment to enabling regional and community financial institutions to compete with megabanks. Additionally, Alkami was certified by J.D. Power for providing an 'Outstanding Mobile Banking Platform Experience,' reflecting high performance in the J.D. Power North America Mobile App Satisfaction Index.

Alkami Technology, Inc. (Nasdaq: ALKT) has released commissioned research findings on the perspectives of artificial intelligence (AI) in banking. The study reveals a significant gap between regional and community financial institutions (RCFIs) and consumers regarding AI's potential and adoption. Key findings include:

- 96% of financial institutions see AI as critical in the next five years, compared to only 61% of consumers.
- 78% of institutions view AI as a catalyst for new business opportunities.
- Millennials are most comfortable with AI using their data for better digital banking experiences.
- Younger generations prioritize AI for financial wellness, while RCFIs focus less on this application.

The study also found that most financial institutions are in the early stages of AI implementation, but those experimenting with AI report high success rates in areas such as customer service, data insights, and security.

Alkami Technology, Inc. (Nasdaq: ALKT) has integrated credential stuffing protection into its digital banking platform's challenge-response authentication process. This enhancement automatically checks for human behavior in the background without requiring visual puzzles or additional time, ensuring a seamless experience for legitimate users while improving security.

The integration is part of Alkami's layered approach to fraud detection and prevention in online banking, addressing the rising threat of credential stuffing in the financial services market. The solution is compliant with Web Content Accessibility Guidelines (WCAG) 2.1 Level AA, ensuring accessibility for all users, including those with disabilities.

Customers like Quontic Bank and Mountain America Credit Union have reported reduced potential fraudulent activities and improved security for their account holders without added complexity.