With Alkami's Business Banking solution, the
credit union will unlock an entirely untapped market
PLANO,
Texas, Dec. 13, 2023 /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 it has partnered with Credit
Union of Texas (CUTX) to provide
the first online business banking platform available to CUTX
business members.
Alkami's business banking solution provides a market-tested
digital banking experience designed to seamlessly onboard new users
and increase product penetration, adoption and engagement.
Leveraging the solution, financial institutions can support
businesses at every stage of their financial journey through
comprehensive payment solutions, seamless sub-user management and
actionable reporting, all built into a secure and scalable
platform.
"Partnering with Alkami allows us to access a commercial market
that we have never served before. By implementing the business
banking solution, we will now be able to deliver the highest level
of service to our small business members, providing them with
functionality we know they will engage with on a daily basis," said
Eric Pointer, president and chief
executive officer of CUTX. "We pride ourselves on listening closely
to our members, and launching a business banking platform comes in
direct response to their feedback. We look forward to working with
Alkami to expand the services we can provide in order to best
address our members' needs with industry-leading digital banking
and account opening solutions."
"CUTX presents a prime example of how digital banking can be a
business driver for financial institutions that are committed to
meeting the needs of their members, whether they be retail or
business. This is particularly critical today, as regional and
community financial institutions respond to growing competition
from fintechs and the biggest banks and increased pressure to drive
deposits," said Jeff Chen, vice
president, product management at Alkami. "We are excited to
continue our partnership with CUTX and support the credit union as
it drives growth in the business banking segment."
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 analytics and marketing solutions. To learn more,
visit www.alkami.com.
About CUTX
For almost 100 years, Credit Union of Texas has provided financial services to
members throughout North and East
Texas. Living out its vision to deliver an unexpected
experience, CUTX has grown to over $2.5
billion in assets. Most Texas residents may qualify for membership. In
the last year, CUTX was recognized with the Communities Foundation
of Texas "Be in Good Company" Seal of Excellence, voted the Best
Credit Union in DFW by the readers of The Dallas Morning News, and
named the winner of the Torch Awards for Ethics from both the
Better Business Bureau Serving North Central Texas and the
International Association of Better Business Bureaus. For more
information about CUTX, visit www.cutx.org.
Media Relations Contacts
Vested
alkami@fullyvested.com
Marla Pieton
marla.pieton@alkami.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/credit-union-of-texas-selects-alkami-for-its-business-banking-platform-302013074.html
SOURCE Alkami Technology, Inc.