American Eagle Financial Credit Union Enhances Digital Banking with Alkami's Sales & Service Platform

Rhea-AI Summary

Alkami Technology (Nasdaq: ALKT) has announced a new partnership with Connecticut-based American Eagle Financial Credit Union (AEFCU) to implement Alkami's Digital Banking Platform. The collaboration aims to enhance AEFCU's digital-first strategy by providing members with a more streamlined and personalized banking experience.

The partnership will integrate Alkami's Data & Marketing Solutions to enable personalized member interactions, support financial wellness, and deliver targeted communications. AEFCU will leverage the platform's data-driven capabilities to create focused marketing campaigns for specific account holder audiences, aiming to impact growth, revenue, and share of wallet.

The implementation will allow AEFCU to seamlessly integrate with fintech partners and provide advanced digital banking tools to its growing member base. Alkami's platform, which has been certified by J.D. Power for providing 'An Outstanding Mobile Banking Platform Experience,' will help AEFCU deliver a modern banking experience that differentiates them in the marketplace.

Positive

• New client acquisition expands Alkami's market presence
• Partnership provides additional revenue stream
• J.D. Power certification validates platform quality

Negative

• None.

Insights

Financial Technology Analyst

Alkami's new partnership with American Eagle Financial Credit Union represents a positive but incremental development in the company's client acquisition strategy. This deal adds another financial institution to Alkami's digital banking platform client roster, contributing to its recurring revenue base and reinforcing its market position in the competitive digital banking solutions space.

While the announcement lacks financial specifics (contract value, implementation timeline, or revenue projections), this type of client win represents Alkami's core business model of securing multi-year SaaS contracts with financial institutions. The partnership specifically highlights Alkami's Data & Marketing Solutions capabilities, indicating AEFCU will utilize these higher-margin services beyond the base platform.

The J.D. Power certification mentioned demonstrates Alkami's product quality, which helps maintain competitive differentiation in a crowded fintech landscape. For context, Alkami generates revenue through subscription fees based on registered users and platform module adoption, with client retention being critical to maintaining its growth trajectory.

This announcement aligns with Alkami's strategy of expanding its client base among mid-sized financial institutions while encouraging adoption of additional platform capabilities. The partnership's material impact on Alkami's $3B market cap will likely be modest, representing an important but incremental piece of their broader business development efforts rather than a transformative deal.

Focused on innovation and member financial wellness, AEFCU will deliver a streamlined and personalized digital experience

PLANO, Texas, March 5, 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 that Connecticut-based American Eagle Financial Credit Union (AEFCU or American Eagle), has signed on to leverage the innovation and user experience in Alkami's Digital Banking Platform. This partnership reflects AEFCU's dedication to enhancing its digital-first strategy and creating an exceptional, member-centered digital banking experience.

The collaboration will enable AEFCU to deliver a more intuitive and simplified digital banking experience, ensuring that members can easily access and manage their financial information. By incorporating Alkami's advanced Data & Marketing Solutions, the credit union will also gain powerful tools to create personalized member interactions, support financial wellness, and deliver timely, relevant communications.

"This is wonderful news for our members," said AEFCU senior vice president, digital solutions, Pamela Villanova. "American Eagle is guided by our passion for serving members each day, with a mission of enriching the lives of our communities to create a world where financial freedom is a reality. Our decision to partner with Alkami reflects our devotion to providing our members with the simpler, smarter and more personalized tools they need to achieve that freedom and empowering long-term financial success. That's why we're here."

The data-driven capabilities of Alkami's Platform will empower AEFCU to create more targeted marketing campaigns to specific account holder audiences for use cases that will make the most impact on growth, revenue and share of wallet. Additionally, the partnership allows AEFCU to seamlessly integrate with fintech partners, ensuring access to products and features that benefit its growing member base.

"American Eagle Financial Credit Union has a long-standing reputation for putting members first, and we are proud to partner with them on their digital banking journey," said Taylor Adkins, vice president, product management at Alkami. "Our platform will provide AEFCU with the tools to deliver a personalized, modern banking experience that sets them apart in the marketplace."

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 American Eagle FCU
Established in 1935, American Eagle Financial Credit Union (AEFCU) is a full-service credit union offering checking and savings accounts, credit cards, auto loans, mortgages, business accounts and more. AEFCU offers banking online, through its mobile app, or at one of its 16 branches located in Connecticut. AEFCU has more than 180,000 members, over $2.5 billion in assets, and offers banking services to persons who live, work, worship, or attend school in, and businesses and other legal entities located in Hartford County, Middlesex County, Tolland County, and New Haven County, Connecticut or Hampden County, Massachusetts; or employees, independent contractors or self-employed persons who work regularly in the healthcare Industry or have retired from the healthcare industry in the state of Connecticut and also included are spouses of persons who died while within the field of membership of this credit union, volunteers in the community, employees of this credit union, organizations of such persons and members of the immediate family or household of such persons. Visit americaneeagle.org for a full list of accepted healthcare professionals.

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.

 

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SOURCE Alkami Technology, Inc.

FAQ

What features will AEFCU members gain from Alkami's Digital Banking Platform?

Members will receive personalized banking tools, simplified digital banking access, enhanced financial wellness support, and improved financial management capabilities.

How will Alkami's platform enhance AEFCU's marketing capabilities?

The platform provides data-driven tools for creating targeted marketing campaigns to specific account holders, aimed at improving growth, revenue, and share of wallet.

What certification has Alkami (ALKT) received for its mobile banking platform?

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

What integration capabilities does Alkami's platform offer to AEFCU?

The platform enables seamless integration with fintech partners, providing access to beneficial products and features for AEFCU's growing member base.