BankCherokee Launches the Alkami Digital Banking Platform for Retail and Business Customers

Alkami (Nasdaq: ALKT) announced on Feb 18, 2026 that BankCherokee, a century-old Twin Cities community bank, launched Alkami's Digital Banking Platform for retail and business customers.

Rhea-AI Summary

Alkami (Nasdaq: ALKT) announced on Feb 18, 2026 that BankCherokee, a century-old Twin Cities community bank, launched Alkami's Digital Banking Platform for retail and business customers. The rollout emphasizes efficiency, user-first design, scalable tools, and business features like Positive Pay and ACH Reporting to bolster fraud protection.

The platform aims to streamline BankCherokee's operations and deliver intuitive digital account management while supporting commercial fraud-prevention workflows.

Argus Feb 18 session

+3.19% close to close Open Argus

Details

News Market Reaction – ALKT

On Feb 18, the day this news came out, ALKT closed 3.19% above the previous close.

Data tracked by StockTitan Argus for the Feb 18 session.

Key Figures

BankCherokee age: over 100 years J.D. Power certification year: 2024 J.D. Power certification year: 2025

BankCherokee age

over 100 years

Founded over 100 years ago

J.D. Power certification year

2024

Certified for outstanding mobile banking platform experience

J.D. Power certification year

2025

Certified for outstanding mobile banking platform experience

Historical Context

5 past events · Latest: Feb 13

5 events

1. Feb 13

   Webinar announcement

   24h Move

   +1.9%

   Webinar on transaction data cleansing and analytics-driven insights.

2. Feb 10

   Earnings date notice

   24h Move

   +1.0%

   Announcement of Q4 2025 results release and conference call timing.

3. Feb 4

   Partnership win

   24h Move

   +1.7%

   Amplify Credit Union selecting MANTL, an Alkami solution team, for onboarding.

4. Feb 3

   Conference agenda

   24h Move

   -12.3%

   Details on Alkami Co:lab 2026 breakout, roadmap, and partner sessions.

5. Jan 27

   Industry research

   24h Move

   -1.2%

   Release of top 10 trends in business and commercial banking for 2026.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

positive pay, ach reporting, digital banking platform

3 terms

positive pay financial

"features like Positive Pay & ACH Reporting that help protect our commercial users"

A bank service that helps a company prevent check fraud by comparing checks presented for payment against a preapproved list of issued checks and stopping any that don't match. Think of it as a bouncer checking a guest list before letting people in — it protects a company’s cash, reduces unexpected losses, and signals stronger financial controls, which matters to investors because it lowers operational and credit risk and helps preserve shareholder value.

ach reporting financial

"features like Positive Pay & ACH Reporting that help protect our commercial users"

ACH reporting documents the movement and status of electronic bank transfers handled through the Automated Clearing House network, including deposits, withdrawals, returned payments and settlement summaries. For investors, these reports reveal how reliably a company collects and pays money, affecting cash flow, liquidity and the risk of missed or delayed payments—think of it as a detailed, batched bank statement that helps track and reconcile everyday electronic bill payments.

digital banking platform technical

"has launched Alkami's Digital Banking Platform (Platform) to enhance the digital experiences"

A digital banking platform is the software and online services that let customers open accounts, make payments, get loans and manage money through websites or mobile apps instead of visiting a branch. For investors, it matters because a strong platform can attract and keep customers, lower operating costs, and enable new revenue streams—think of it as a bank’s digital storefront that determines how easily people use and stick with its services.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Historic Twin Cities bank launches a new digital experience focused on efficiency, fraud protection, and user-first design

PLANO, Texas, Feb. 18, 2026 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a digital sales and service platform provider for financial institutions in the U.S., today announced that BankCherokee, the oldest family-owned and operated bank in the Twin Cities, has launched Alkami's Digital Banking Platform (Platform) to enhance the digital experiences of its retail and business banking customers.

Founded over 100 years ago, BankCherokee is known for its long-standing commitment to serve its local neighborhoods and businesses. As a bank that values efficiency, community impact, and accelerating innovation, BankCherokee has launched a new digital banking experience to strengthen operations and adapt to the changing expectations of its customers.

"As we look to the future of banking, efficiency and user experience are paramount," said Sean Schaefbauer, vice president, associate chief technology officer at BankCherokee. "We chose Alkami because their Platform offers the kind of secure digital experience our customers expect, along with business-focused features like Positive Pay & ACH Reporting that help protect our commercial users from fraud. It's a solution that aligns perfectly with our mission to serve our community."

Through Alkami's Digital Banking Platform, BankCherokee now offers modern tools for both retail and business customers with a feature-rich, scalable and exceptionally user-friendly digital banking experience. The new Platform enables BankCherokee to connect with customers digitally and give them intuitive tools to manage their accounts through a simple, easy-to-use experience. Business users can take advantage of integrated Positive Pay & ACH Reporting products and features to meet their unique needs, enhance fraud prevention, and improve operational efficiency.

"BankCherokee's legacy of service, combined with a forward-looking digital strategy, makes them an ideal partner," said Taylor Adkins, vice president, product management at Alkami. "By leveraging our Platform, they're now able to streamline operations behind the scenes while delivering an intuitive digital experience that empowers their customers and staff alike."

To learn more about Anticipatory Banking and the Alkami Digital Sales & Service Platform, visit here.

Alkami has been certified by J.D. Power in 2024 and 2025 for providing "An Outstanding Mobile Banking Platform Experience."¹

About Alkami
Alkami provides a digital sales and service platform for U.S. banks and credit unions. Our unified Platform integrates onboarding, digital banking, and data and marketing—each solution can stand alone, but together they deliver more—to help institutions onboard, engage, and grow relationships. As the future shifts toward Anticipatory Banking, we help data-informed bankers meet the moment with technology that drives action.

About BankCherokee
BankCherokee is a family-owned community bank headquartered in St. Paul, MN. Since 1908, it has built trusted relationships with businesses and individuals across the Twin Cities by offering personalized service, transparent lending, and a commitment to community values. Known for making lending decisions quickly and partnering with customers beyond the bottom line, BankCherokee continues to be the financial partner of choice for a new generation of business owners. For more information, visit www.bankcherokee.com.

Media Relations Contacts
Vested
alkami@fullyvested.com

Marla Pieton
marla.pieton@alkami.com

___________________________ 1J.D. Power 2025 Mobile App Platform Certification Program℠  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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/bankcherokee-launches-the-alkami-digital-banking-platform-for-retail-and-business-customers-302691517.html

SOURCE Alkami Technology, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Alkami (ALKT) announce on February 18, 2026 about BankCherokee?

Alkami announced that BankCherokee launched its Digital Banking Platform to serve retail and business customers. According to Alkami, the platform provides scalable, user-friendly tools and business features like Positive Pay and ACH Reporting to enhance fraud prevention and operational efficiency.

How will the Alkami platform affect BankCherokee business customers (ALKT partner)?

Business customers gain integrated Positive Pay and ACH Reporting features to reduce fraud risk and streamline payments. According to BankCherokee, these tools are designed to meet commercial needs, improve operational workflows, and strengthen protections for business account activity.

Does the Alkami launch improve fraud protection for BankCherokee, and how?

Yes. The platform adds Positive Pay and ACH Reporting to help detect and prevent unauthorized transactions for business accounts. According to BankCherokee, these features enhance fraud controls and operational oversight for commercial users, aligning with the bank’s security priorities.

What customer experience changes will BankCherokee see from Alkami's platform (ALKT)?

Customers receive a modern, intuitive digital experience for account management across retail and business segments. According to Alkami, the platform focuses on efficiency and user-first design, enabling simpler navigation, digital access, and behind-the-scenes operational streamlining.

Is this Alkami (ALKT) deployment part of a wider recognition of Alkami's platform quality?

Yes. Alkami was certified by J.D. Power in 2024 and 2025 for an outstanding mobile banking platform experience. According to Alkami, those certifications support its positioning as a provider of highly rated digital banking solutions.

What strategic benefits does BankCherokee expect from adopting Alkami's platform (ALKT)?

BankCherokee expects improved operational efficiency and stronger digital engagement with customers while preserving community banking values. According to BankCherokee, the platform aligns with its mission, enabling streamlined operations and enhanced digital services for retail and commercial clients.