Alkami Technology, Inc. Stock Price, News & Analysis

Alkami Technology (Nasdaq: ALKT) has released research findings on fraud prevention and data protection in digital banking. The study reveals that fraud losses reached $12.5 billion in 2024, marking a 25% increase from 2023. 77% of financial institutions anticipate record-high fraud cases in 2025, with 33% acknowledging the need for enhanced security measures.

Key findings show that 67% of banks and credit unions would consider incentivizing customers to adopt stronger cybersecurity practices. The research also indicates that 93% of digital banking Americans prioritize protection from financial fraudsters and hackers, while 91% value protection from unauthorized third parties.

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.

Alkami Technology (Nasdaq: ALKT) announced that its clients using BioCatch's fraud prevention solutions through the Alkami Digital Banking Platform prevented over $54 million in fraudulent transactions in 2024. The partnership leverages BioCatch's Account Takeover Protection, which analyzes users' digital behaviors in real-time, including mouse movements, typing patterns, and scroll patterns.

The system operates in the background, strengthening security without disrupting user experience by detecting suspicious activities such as keyboard shortcuts, remote access tools, and developer console usage. Gate City Bank reported immediate positive results, with the technology enhancing their defenses through continuous learning and adaptation to customer behavior.

BioCatch's solution helps financial institutions distinguish legitimate users from fraudsters by analyzing behavioral, device, and network signals in real-time, addressing the growing challenge of cybercriminals using stolen credentials and social engineering tactics.

Alkami Technology (Nasdaq: ALKT) has announced the pricing of $300 million convertible senior notes due 2030 in a private offering to qualified institutional buyers. The notes will carry a 1.50% annual interest rate, payable semi-annually, with an initial conversion price of $32.82 per share, representing a 37.5% premium over the last reported share price of $23.87.

The company estimates net proceeds of approximately $290.3 million, which will be used to fund capped call transactions ($29.5 million) and the pending acquisition of MANTL. The notes will mature on March 15, 2030, with noteholders having conversion rights under certain conditions. Alkami will have the option to settle conversions through cash, common stock, or a combination of both.

The company has also entered into capped call transactions to reduce potential dilution and offset potential cash payments above the principal amount of converted notes. The cap price is set at $47.74 per share, representing a 100% premium over the current stock price.

Alkami Technology (Nasdaq: ALKT) has announced its intention to offer $300 million in convertible senior notes due 2030 through a private offering to qualified institutional buyers. The company will grant initial purchasers an option for an additional $45 million in notes.

The notes will be senior, unsecured obligations with semi-annual interest payments, convertible under certain conditions into cash, common stock, or a combination thereof. They will be redeemable after March 20, 2028, if Alkami's stock price exceeds 130% of the conversion price.

The proceeds will fund capped call transactions and the pending acquisition of MANTL (Fin Technologies), with any remainder for general corporate purposes. The capped call transactions aim to reduce potential dilution from note conversions and offset potential cash payments above the principal amount of converted notes.

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.

Alkami Technology (Nasdaq: ALKT) has announced the acquisition of MANTL for an enterprise value of $400 million. The deal will be funded with approximately $380 million in cash and $13 million in restricted stock units for MANTL employees.

MANTL is a premier account opening solution that enables financial institutions to acquire customers across all channels. The platform serves 112 financial institutions with assets ranging from $80 million to over $20 billion, helping them raise over $31 billion in deposits while saving 350,000 employee hours through automation.

Key performance metrics include:

• Retail account opening time under 5 minutes (3x faster than national benchmark)
• Business account opening in under 10 minutes (vs. industry average of 3.5 hours)
• 85% of applications receive automated decisions

The acquisition is expected to close by March 31, 2025, subject to standard conditions. This combination creates an industry-leading digital sales and services platform, complementing Alkami's existing digital banking and data & marketing solutions.

Alkami Technology (NASDAQ: ALKT) reported strong Q4 2024 results with total revenue of $89.7 million, up 25.6% year-over-year. The company's GAAP gross margin improved to 59.3% from 56.0% in Q4 2023, while GAAP net loss narrowed to $(7.6) million from $(12.7) million.

For full-year 2024, Alkami achieved total revenue of $333.8 million, a 26.1% increase from 2023, with Adjusted EBITDA of $26.9 million compared to $(1.6) million in 2023. The company added 2.5 million registered users, reaching 20 million total users.

Notably, Alkami announced plans to acquire MANTL for $400 million, strengthening its position in digital banking solutions. The company provided 2025 guidance, projecting full-year revenue between $440-445 million and Adjusted EBITDA of $47-51 million. MANTL is expected to contribute approximately $30 million in revenue starting Q2 2025.

Alkami Technology (Nasdaq: ALKT) has partnered with Financial Center First Credit Union to enhance their digital banking experience. The collaboration enables Financial Center to implement a dual-branded strategy, serving both its primary membership and Ball State Financial through Alkami's Digital Banking Platform.

The platform delivers distinct branding and personalized experiences for different member segments, combining Data & Marketing Solutions for streamlined offers based on transaction behavior. Key features include:

• User-friendly interface for retail and business members
• Automated clearing house (ACH) processing
• Seamless integration across banking services
• Scalable architecture for future growth

The implementation aims to improve account management efficiency, increase member satisfaction, and support long-term growth through adaptable features and services. Alkami's platform has been certified by J.D. Power for providing 'An Outstanding Mobile Banking Platform Experience.'