Alkami Technology, Inc. Stock Price, News & Analysis

Alkami Technology (Nasdaq: ALKT) has launched its Business Banking Digital Maturity Assessment, a first-to-market tool designed for financial institutions to evaluate their digital banking capabilities. The assessment, developed from a study of 150 digital decision makers in U.S. banks and credit unions, helps institutions benchmark their digital maturity and receive actionable recommendations.

The tool evaluates key dimensions including payments, data and marketing capabilities, digital account creation, subuser management, and accounting/ERP system integration. It categorizes institutions into four cohorts based on how they leverage culture, strategy, and technology to drive results.

The assessment is freely available to all financial institutions and aims to help them align with business clients' demands for seamless, digital-first banking experiences. The initiative was developed in partnership with Emerald Research Group and financial services influencer Jim Marous.

Alkami Technology (Nasdaq: ALKT) has revealed five key business banking trends for 2025, focusing on digital innovation and financial institution adaptation. The trends include: modernizing processes through digital innovation, leveraging data analytics, reducing risk & preventing fraud, building profitable relationships, and centralizing cash and liquidity management.

The company will host a webinar on January 29, 2025, featuring industry experts including Samantha Pause from Mascoma Bank, Jeffrey Luczak from Landmark Credit Union, and Kyle Guest from Mountain America Credit Union. The experts highlighted the importance of AI adoption, data analytics for fraud prevention, and enhanced treasury management services to meet evolving business client needs.

Alkami Technology (Nasdaq: ALKT) announces successful collaboration with NASA Federal Credit Union (NASA FCU) to enhance digital banking through push provisioning implementation. Key achievements include a dramatic improvement in mobile app ratings from 1.3 to 4.9, increased member engagement, and faster technology integration through Alkami's API framework.

NASA FCU expanded their card management suite with digital card capabilities, granular controls, and alerts. The push provisioning feature allows members to add cards to digital wallets directly from digital banking, enhancing security and convenience. Members can now set specific transaction restrictions based on merchant type, location, and value, while receiving real-time alerts on card usage.

Alkami Technology (Nasdaq: ALKT) has enhanced its Data & Marketing Solutions platform with expanded behavioral data tag capabilities. The upgrade aims to provide financial institutions with deeper account holder intelligence for personalized banking experiences across marketing channels and digital banking.

The enhanced suite includes new features such as SavvyMoney data tags for offer engine insights, aggregated account data tags for tracking external accounts, anniversary data tags for personalized messaging, and outbound transfer data tags for monitoring fund movements. This development addresses the growing demand for personalized digital banking, with research showing 44% of digital banking Americans desire more personalized experiences.

Alkami Technology (NASDAQ: ALKT) has released a new study on business digital maturity in banking, conducted with Jim Marous and Emerald Research Group. The survey of 150 digital decision makers from U.S. banks and credit unions revealed that institutions leading in digital maturity are growing nearly 10 times faster than less advanced peers.

The research identified three key pillars of digital maturity: user experience, employee productivity, and mindset/culture. While larger institutions often lead in digital maturity, the study found that 20% of digital leaders have less than $1 billion in assets, demonstrating that smaller institutions can excel in digital transformation.

Alkami Technology (Nasdaq: ALKT) announced that Gate City Bank has implemented Alkami's comprehensive Digital Banking Platform. The partnership includes the launch of retail and business banking solutions, Positive Pay & ACH Reporting, and digital account opening capabilities. The platform provides Gate City Bank's customers with self-service tools, personalized user experience, and enhanced security features including payment fraud prevention.

The platform enables financial institutions to drive growth and cross-sell opportunities while offering businesses real-time transaction visibility and streamlined account management. Gate City Bank aims to enhance its digital banking experience through this partnership, leveraging Alkami's technology to compete with larger institutions.

Kemba Credit Union has partnered with Alkami Technology (Nasdaq: ALKT) to launch its digital banking platform for both retail and business members. The platform provides intuitive self-service tools, personalized user experience, enhanced member engagement, and advanced fraud detection capabilities. Through Alkami's single platform experience, Kemba aims to drive growth in new deposit accounts, enhance cross-sell opportunities, and strengthen loyalty. The platform's extensibility solutions, including SDK and APIs, will allow Kemba to customize their digital banking platform and connect with fintech ecosystem functionality.

Alkami Technology (Nasdaq: ALKT) announced the pricing of a secondary offering of 7,500,000 shares of common stock by selling stockholders including General Atlantic, S3 Ventures Fund III, George B. Kaiser, and Brian R. Smith. The underwriter, J.P. Morgan Securities , has a 30-day option to purchase an additional 1,125,000 shares. The offering is expected to close on November 8, 2024. Alkami will not receive any proceeds from this offering as all proceeds will go to the selling stockholders. The offering is being made through an effective shelf registration statement filed with the SEC.

Alkami Technology (Nasdaq: ALKT) announced a secondary offering of 7,500,000 shares of common stock by selling stockholders including entities affiliated with General Atlantic, S3 Ventures Fund III, George B. Kaiser, and Brian R. Smith. The selling stockholders may grant underwriters a 30-day option to purchase up to 1,125,000 additional shares. J.P. Morgan Securities is acting as the sole underwriter. Alkami will not receive any proceeds from the offering as all net proceeds will go to the selling stockholders. The offering is being made through an effective shelf registration statement filed with the SEC.