Alkami and Greenlight Partner to Bring Youth Banking to Financial Services

Rhea-AI Summary

Alkami Technology (Nasdaq: ALKT) has partnered with Greenlight Financial Technology to integrate youth banking solutions into its digital banking platform. The collaboration enables Alkami's client institutions to offer Greenlight's family finance application, which includes debit cards and money management tools for kids and teens.

The integration provides features such as parental controls, chore tracking, and Greenlight's Level Up™ financial education game. Parents can monitor transactions, automate allowances, and track spending directly through Alkami's Mobile Banking Platform. The partnership aims to help financial institutions grow deposits while providing families with tools for teaching financial responsibility.

Valley Strong Credit Union has already implemented the integrated solution, offering their members access to Greenlight's youth banking tools through their mobile banking experience. Greenlight will showcase these capabilities at Alkami's upcoming Co:lab conference in Nashville from March 31 – April 2, 2025.

Positive

• Strategic partnership expands Alkami's product offering in the growing youth banking market
• Integration creates new deposit growth opportunities for financial institution clients
• Partnership leverages Alkami's J.D. Power-certified mobile banking platform

Negative

• None.

News Market Reaction – ALKT

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Data tracked by StockTitan Argus on the day of publication.

The technology empowers kids and teens with innovative money management tools and financial education, while also helping financial institutions grow deposits

PLANO, Texas, March 26, 2025 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., announced today its partnership with Greenlight Financial Technology, Inc. ("Greenlight"), a leading family fintech company that empowers kids and teens with smart money management skills. With money habits forming as early as age seven, Greenlight's family finance application (app) can give kids and teens hands-on money management interactions with parental supervision, while providing a channel for banks and credit unions to grow deposit accounts.

Through this collaboration, Alkami's clients can now offer their account holders access to Greenlight, a debit card and finance mobile app experience that enables kids and teens to earn, save, spend wisely, and give. Greenlight also gives parents tools for monitoring transactions, automating allowances, and tracking spending—all integrated within Alkami's Mobile Banking Platform.

"Our partnership with Greenlight aligns perfectly with our mission to empower financial institutions with innovative, user-centric digital solutions," said Josh Winstead, vice president, corporate development at Alkami. "By integrating Greenlight's financial literacy tools, we are enabling banks and credit unions to offer families an invaluable resource for teaching responsible money management—helping attract and retain depositors by providing a trusted, youth-friendly banking* solution that seamlessly transitions kids into adult accounts."

With built-in parental controls, chore tracking, and interactive educational features like Greenlight's curriculum-based Level Up™ financial education game, families can build healthy financial habits in a fun and engaging way. Through Alkami's integration, parents can link existing Greenlight accounts or register for new ones directly through their bank or credit union's mobile banking platform, making financial education more accessible than ever.

"Greenlight partners with financial institutions across the country because banks and credit unions are uniquely positioned to help younger generations develop strong financial habits," said Matt Wolf, senior vice president of business development at Greenlight. "Working with Alkami to bring Greenlight's suite of family banking* tools to its customers advances our mission to help parents raise financially-smart kids."

"At Valley Strong Credit Union, we are committed to providing our Members with innovative tools that support financial well-being, including kids and teens to help them spend and save with confidence," said Christina Trayers, vice president of product at Valley Strong Credit Union. "Integrating Greenlight through Alkami's Platform has allowed us to offer families a powerful way to educate their kids on financial responsibility—right from their mobile banking experience."

Greenlight will also be attending Alkami's Co:lab conference in Nashville from March 31 – April 2, 2025, where attendees can meet with the Greenlight team in the Innovation Lab to learn how financial institutions can equip families with youth banking* solutions that drive financial literacy. More details on Alkami's Co:lab can be found here.

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

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

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 Greenlight
Greenlight Financial Technology is the family fintech company on a mission to help parents raise financially smart kids. Its product, Greenlight, is an award-winning banking app, complete with a debit card for kids and teens. Parents can automate allowance, manage chores and set flexible spending controls. Kids and teens learn to earn, save, spend wisely, and give.

Greenlight partners with more than 100 leading banks, credit unions, and employers to bring its family finance solution to more families through the Greenlight for Banks, Greenlight for Credit Unions, and Greenlight for Work programs. For more information, please visit: greenlight.com.

Media Relations Contacts
Vested
alkami@fullyvested.com 

Marla Pieton
marla.pieton@alkami.com 

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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.

*Greenlight is a financial technology company, not a bank. The Greenlight app facilitates banking services through Community Federal Savings Bank (CFSB), Member FDIC.

 

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SOURCE Alkami Technology, Inc.

FAQ

What features does the Alkami-Greenlight partnership offer for youth banking?

The partnership offers debit cards, parental controls, chore tracking, transaction monitoring, automated allowances, and the Level Up™ financial education game, all integrated within Alkami's Mobile Banking Platform.

How will the Greenlight integration benefit ALKT's financial institution clients?

It helps institutions grow deposits by providing a youth-friendly banking solution that can attract and retain depositors while offering tools for financial education and account management.

When will Greenlight showcase its integration with ALKT's platform?

Greenlight will demonstrate its capabilities at Alkami's Co:lab conference in Nashville from March 31 – April 2, 2025.

Which financial institutions have already implemented the ALKT-Greenlight integration?

Valley Strong Credit Union has implemented the integration, offering their members access to Greenlight's youth banking tools through their mobile banking experience.