Texans Credit Union Partners with Alkami to Amplify Its Digital Banking Experience

Rhea-AI Summary

Alkami Technology, Inc. (Nasdaq: ALKT) has partnered with Texans Credit Union to enhance its digital banking services. Texans will implement the Alkami Platform to provide a richer and more personalized banking experience for over 113,000 members. The platform's software development kit and open APIs allow Texans to develop custom digital banking solutions, including a streamlined online loan application process. CEO Alex Shootman emphasized Alkami's commitment to supporting Texans' growth and improving their member services.

Positive

• Partnership with Texans Credit Union enhances Alkami's market presence.
• Alkami Platform enables customization and modern digital banking solutions.
• Over 280 financial institutions currently use the Alkami Platform.

Negative

• None.

PLANO, Texas, Feb. 16, 2022 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for banks and credit unions in the U.S., announced today that Texans Credit Union is implementing the Alkami Platform to create a robust, unique and personalized digital banking experience for its members.

"We understand the importance of digital-first banking and have seen a tremendous growth in desire for these products since 2020," said David Frazier, president and CEO of Texans Credit Union. "With Alkami, we can offer a more feature-rich solution that caters to member needs. The new digital experience will provide a cohesive look and feel to our existing platform, enhancing the user experience."

The Alkami Platform provides a software development kit with open application programming interfaces that gives Texans the ability to develop its own digital banking enhancements. This includes the creation of a new online loan application interface to simplify the process for both members and employees. It also gives members the ability to go beyond basic functions to take advantage of leading-edge digital products and services. Members can also look forward to enhanced functionality, greater customization and control over account features, and a streamlined, modern, digital experience.

Alkami's chief executive officer, Alex Shootman said, "Alkami is thrilled to partner with Texans Credit Union to help fuel their growth and more effectively serve the digital needs of their increasingly tech-savvy member base. As a high performing financial institution, Texans is dedicated to continually bringing new features and applications to their members. Alkami's scalable platform will allow them the extensibility they need to serve their members now and into the future. We are excited to welcome them to the Alkami family, and look forward to supporting their mission to create an intuitive digital offering that puts members first."       

"With Alkami's transition plan, we know we can count on them to minimize member impact and ensure the process is as frictionless as possible," Frazier said.

About Texans Credit Union
Texans Credit Union is a full-service, not-for-profit financial institution that serves more than 113,000 members throughout the DFW area. With more than $2 billion in assets, Texans Credit Union is one of the largest member-owned financial institutions in the DFW area, serving its members and the community since 1953.

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. The Alkami Platform is the digital banking and fraud mitigation platform of choice for over 280 financial institutions. Alkami's investments have resulted in a premium platform that has enabled it to replace older, larger and better-funded incumbents and provide clients with world-class experiences reflecting their individual digital strategies.

Media Relations Contact
Jennifer Cortez
jennifer.cortez@alkami.com
Audrey Pennisi
audrey@outlookmarketingsrv.com

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SOURCE Alkami Technology, Inc.

FAQ

What is the recent partnership announced by Alkami (ALKT)?

Alkami Technology has partnered with Texans Credit Union to enhance its digital banking services.

What will the Alkami Platform provide for Texans Credit Union?

The Alkami Platform will offer a personalized digital banking experience, including custom digital solutions and a streamlined loan application process.

How many members does Texans Credit Union serve?

Texans Credit Union serves over 113,000 members throughout the Dallas-Fort Worth area.

What is the significance of the Alkami Platform for financial institutions?

The Alkami Platform allows financial institutions to create tailored digital banking experiences and improve customer service.