Alkami Technology, Inc. - ALKT STOCK NEWS

Alkami Technology (NASDAQ: ALKT) has launched a new podcast series titled FIsionaries, hosted by fintech influencer Jim Marous. This series aims to support regional and community banks and credit unions by sharing insights and strategies for enhancing their digital banking initiatives. The podcast covers key themes such as transformational culture, fintech collaboration, customer experiences, and leveraging data for results. The first four episodes focus on various aspects of digital transformation in financial institutions, featuring insights from industry leaders. Alkami aims for FIsionaries to become a primary resource for actionable digital banking success.

Alkami Technology, Inc. (Nasdaq: ALKT) has released a new eBook titled "Turn Digital Banking into a Profit Center," aimed at guiding financial institutions (FIs) in their digital transformation efforts. The global digital banking market is projected to exceed $10.3 trillion by 2028, with 75% of banks and credit unions already initiating digital transformation. The eBook presents essential strategies for FIs to enhance profitability through effective data utilization.

Key components include Data-Driven Insights, Seamless User Experience, and Cloud-Forward Thinking. Alkami emphasizes a shift in perspective, viewing digital banking as a profit center rather than merely a cost.

Alkami Technology, Inc. (Nasdaq: ALKT) has been awarded Partner of the Year by AMOCO Federal Credit Union, recognizing its significant contribution to member service and growth. The collaboration led to the implementation of the Alkami Platform in 2019, enhancing digital banking capabilities. AMOCO reported an increase to 1.6 million monthly logins, with the app’s rating climbing from 3.6 to 4.9. Senior vice president Nate Ashworth praised Alkami for delivering a top-tier user experience and essential integrations, indicating a strong partnership focused on future growth.

Alkami Technology (Nasdaq: ALKT) has enhanced its digital sales capabilities following the launch of the Segmint data and marketing solution by Ideal Credit Union on the Alkami Platform. This integration allows Ideal to provide personalized banking product offers to its members. Recently, Ideal Credit Union utilized this solution to promote CD offers, resulting in over $1 million in CDs opened. Alkami's CEO highlighted that the Segmint integration empowers financial institutions to deepen customer relationships and drive revenue growth.

Alkami Technology, a leading provider of cloud-based digital banking solutions, announced that its data analytics solution, Segmint, has been featured in the Martech Map for the second consecutive year. The Martech Map, established by Scott Brinker, showcases over 10,000 marketing technology solutions, reflecting significant growth in the industry. Alkami emphasizes the critical role of integrated data for financial institutions to enhance revenue from digital banking. The company also released a strategy guide aimed at helping financial institutions deepen client relationships and drive growth in 2023.

On November 30, 2022, Alkami Technology, Inc. (Nasdaq: ALKT) announced that its leadership team will present at the Barclays Global Technology, Media and Telecommunications Conference on December 7, 2022. CEO Alex Shootman and CFO Bryan Hill will represent the company during the event. A webcast and replay will be accessible via Alkami's investor relations website. Alkami is a prominent provider of cloud-based digital banking solutions, helping financial institutions enhance their services and adapt to market demands.

Alkami Technology, Inc. (Nasdaq: ALKT) announces the appointment of Maria Alvarez to its Board of Directors starting January 1, 2023. Currently VP at Microsoft, Alvarez brings extensive experience from her roles at Panda Security, Yahoo, Hewlett Packard, and Symantec. She succeeds Merline Saintil, who is leaving after two years contributing to Alkami's IT strategy. Additionally, Mike Hansen will step down, following his retirement as CEO. Alvarez's expertise in cybersecurity and AI will support Alkami's growth in the digital banking sector.

On November 15, 2022, Alkami Technology, Inc. (Nasdaq: ALKT) announced a strategic partnership with FINBOA, Inc. to distribute FINBOA's payment dispute management software. This collaboration aims to enhance Alkami's service offerings for banks and credit unions, helping them manage electronic payment disputes more efficiently. FINBOA's solution automates compliance processes, potentially reducing claim-related losses by up to 25% and processing time by up to 90%. The partnership is anticipated to improve operational efficiencies and customer experience across financial institutions.

Alkami Technology, Inc. (Nasdaq: ALKT) reported third quarter 2022 revenues of $53.4 million, marking a 34% increase year-over-year. However, the company experienced a GAAP net loss of $(20.0) million, up from $(11.2) million the previous year. The gross margin decreased to 52% from 56%, while Annual Recurring Revenue (ARR) grew 38% year-over-year, reaching $214 million. The quarter saw the addition of ten new clients and an increase to 13.7 million users, reflecting Alkami's expanding market presence.