Alkami Technology, Inc. Stock Price, News & Analysis

Alkami Technology (Nasdaq: ALKT) announces that ORNL Federal Credit Union is implementing the Alkami Platform to enhance its digital banking services. This collaboration aligns with Alkami's strategy to focus on retail and business banking through innovative solutions. The credit union's digital channel has seen a 24.2% increase over two years, contributing to a 57% active participation rate among members. Alkami's CEO highlighted ORNL FCU's leadership in the sector, while the credit union aims to provide advanced services like online loan applications and Bitcoin transactions, further solidifying its digital-first approach.

Alkami Technology, Inc. (Nasdaq: ALKT) announced that Mascoma Bank has selected its digital banking platform for a comprehensive technology overhaul. This partnership with Thought Machine aims to enhance Mascoma's growth and serves as a model for other community banks. The integration will allow for swift market entry and customization via a modern API architecture. Mascoma's leadership emphasizes a digital-first approach to improve customer experience and operational efficiency, marking a significant step in community banking's digital transformation.

Alkami Technology, Inc. (Nasdaq: ALKT) has announced its acquisition of Segmint Inc. for $135.5 million. This strategic move aims to enhance digital banking capabilities for financial institutions (FIs) by merging data insights with Alkami's solutions. The acquisition is projected to expand Alkami's total addressable market by approximately $1 billion and unlock new revenue opportunities. Segmint serves 147 FIs with around 15 million account holders and is expected to contribute $7.0 million in revenue for 2022.

Alkami Technology (Nasdaq: ALKT) announced its annual conference, Co:lab 2022, scheduled for April 25-27, 2022, in Grapevine, TX. The event aims to address digital banking trends and foster collaboration among financial institutions. Keynote speakers include Jason Dorsey, Ron Shevlin, and Brett King, who will share insights into generational engagement, revenue priorities, and fintech innovations. The conference will also feature breakout sessions on topics like bitcoin and digital account opening. Alkami aims to shape the future of digital banking through this collaborative forum.

Alkami Technology, a top provider of cloud-based digital banking solutions, will present at the JMP Securities Technology Conference on March 8, 2022, at 1:30 p.m. PT. CEO Alex Shootman and CFO Bryan Hill will be the presenters. The event will be accessible via a live webcast, with a replay available afterward. Alkami serves over 280 financial institutions, offering a premium digital banking platform designed to enhance client experiences and expand digital communities. The company prioritizes client growth while adapting swiftly to market needs.

Alkami Technology, Inc. (Nasdaq: ALKT) reported Q4 and full-year 2021 results, highlighting a 27% year-over-year revenue increase to $42.4 million for Q4 and a 36% increase to $152.2 million for the full year. GAAP gross margins were 55%, slightly down from the previous year, with net losses of $13.3 million for Q4 and $46.8 million for the full year. Notably, Alkami added 2.7 million digital banking users in 2021, reaching 12.4 million total users. The company expects to enhance its business banking portfolio and invest in sales and marketing to drive growth.

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.

Alkami Technology, Inc. (Nasdaq: ALKT) will announce its fourth-quarter financial results for the period ending December 31, 2021, on February 23, 2022, after market close. The company will also host a conference call to discuss these results at 5:00 p.m. ET on the same day. Investors can access the live webcast on Alkami's investor relations website. Alkami provides cloud-based digital banking solutions to over 280 financial institutions in the U.S., focusing on innovative technology to enhance customer experiences.

Alkami Technology (Nasdaq: ALKT) announced that First Community Bank will implement its Credit Card Origination System (CCOS) to enhance their online credit card application process. The new system aims to streamline and expedite the application, improving customer experience and underwriting efficiency. First Community Bank emphasized that Alkami's relationship with ICBA Bancard played a significant role in their decision. Alkami's CEO highlighted the integration benefits of CCOS, aiming for a seamless user-friendly digital banking experience.