Alkami Technology

Alkami Technology, Inc. provides digital banking software solutions to credit unions, banks, credit union service organizations, and service bureaus. The firm offers content management and online & mobile banking suite that brings together for a snapshot view of accounts with recent and upcoming activities. The company was founded by Louis A. Iannaccone, Scott Klososky, Steve Meston, Gary L. Nelson, Gruenewald Bobby, Jay Lackey, Stephen Bohanon, and Kim Stroh in 2009 and is headquartered in Plano, TX.

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Alkami reports robust Q1 performance amidst industry challenges and opportunities

Alkami's Q1 2023 earnings call showcased strong financial performance, resilience amidst industry challenges, and strategic initiatives to capitalize on market opportunities. The company's focus on stability, user growth, and product portfolio traction positions it well for future growth. Alkami's ability to navigate regional banking turmoil and cater to diverse client needs reflects its adaptability and market understanding.

Alkami reports strong Q2 performance, raises 2023 revenue guidance

Alkami's Q2 2023 performance exceeded expectations, driven by strong revenue growth and user base expansion. The company's focus on digital banking innovation and a healthy market positions it for continued growth. Challenges lie in achieving adjusted EBITDA positivity and managing the implementation of a large number of digital users.

Alkami reports 27% revenue growth and strong client resilience

Alkami's Q3 2023 earnings call highlighted strong revenue growth, positive adjusted EBITDA, and a growing client base. The company faces challenges in meeting financial obligations and scaling operations. However, they have opportunities to capitalize on increased demand from banks and credit unions and expect accelerating revenue growth.

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Digital channel spending as a percentage of total IT spend up 3%; Chatbot deployment increased by 15% PLANO, Texas, April 24, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions  provider for financial institutions in the U.S., announced today the release of its latest research in partnership with Cornerstone Advisors' Ron Shevlin, chief research officer. The Digital Banking Performance Metrics report is compiled from self-reported data collected in fiscal year 2023 from a sample of 81 financial institutions, including 39 banks and 42 credit unions with an average asset size of $4.6 billion.

Alkami Releases Digital Banking Performance Metrics Report in Partnership with Cornerstone Advisors

PLANO, Texas, April 19, 2024 (GLOBE NEWSWIRE) -- Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced that it plans to report financial results for its first quarter ended March 31, 2024 on Wednesday, May 1, 2024, after the market close.

Alkami to Announce First Quarter 2024 Financial Results

The company announces four critical capabilities that it will double down on  PLANO, Texas , April 18, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions  provider for financial institutions in the U.S., announced at its annual 2024 Alkami Co:lab conference, the launch of its latest innovation for clients, the SDK Wizard, "Merlin." This strategic tool is revolutionary in the financial services industry, allowing the developer environment to set up and ramp up in minutes compared to days.

Alkami Launches SDK Wizard "Merlin," Furthering the Company's TechFin Initiative

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Alkami Technology is a US-based fintech company providing digital banking solutions for banks and credit unions. ALKT stock performance has been lackluster since going public in 2021, but it has made a significant rebound over the past year. I expect further investments into improving technology capabilities in FY 2024 to drive down sales and implementation cycle, increasing win rates.

Alkami Technology: Potential Revenue Uplift From Reduced Sales Cycle

SWIVEL's Transaction Enablement Platform™ enables Alkami's clients to provide a seamless, self-serve loan payment experience to their account holders PLANO, Texas , April 2, 2024 /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 formed a partnership with SWIVEL. Through Alkami's single sign on integration with SWIVEL's Transaction Enablement™ Platform, Alkami's bank and credit union clients can now easily take advantage of SWIVEL's loan payments capabilities, offering their account holders the benefits of greater choice, speed, and flexibility when it comes to their loan payment options.

Alkami and SWIVEL Partner to Provide Financial Institutions with Improved Payments Functionality

Digital Sales & Service Maturity Model Assessment follows Alkami's release of research to measure digital maturity in financial institutions PLANO, Texas, March 20, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today launched the Alkami Digital Sales & Service Maturity Model Assessment , enabling banks and credit unions to quickly and easily assess their digital maturity, and then arming them with tools to take action on their results. The assessment, which is free to take and available now, is the first of its kind in the financial services industry and was built exclusively for financial institutions.

Alkami Builds Industry-First Digital Maturity Assessment for Financial Institutions

Expansive digital transformation helps credit union enhance member features and functionality PLANO, Texas , March 5, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., announced today a transformative collaboration with Greylock Federal Credit Union ("Greylock Federal"). Greylock Federal has embarked on a journey to optimize its digital banking landscape by implementing the Alkami Digital Banking Platform, marking a significant milestone in its commitment to delivering unparalleled banking experiences to its members.

Greylock Federal Credit Union Partners with Alkami to Bolster Its Retail, Business, and Mobile Banking Experience

Alkami Technology, Inc. (ALKT) Q4 2023 Earnings Call Transcript

PLANO, Texas, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced results for its fourth quarter and full year ending December 31, 2023.

Alkami Announces Fourth Quarter 2023 Financial Results

PLANO, Texas, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced that company executive leadership will present at the Citizens JMP Technology Conference on Monday, March 4, 2024. Bryan Hill, chief financial officer, will be presenting. A webcast and replay of the event will be accessible at investors.alkami.com following the conference.

Alkami to Present at Citizens JMP Technology Conference

Keynote speakers, bankers and tech innovators gather to drive financial services forward;  Alkami launches first on-site Hackathon PLANO, Texas , Feb. 21, 2024 /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 its annual Alkami Co:lab conference, held in Grapevine, TX, April 8-10, 2024, will once again feature a packed agenda that brings together key influencers and tech innovators across the financial services space. The conference will include participants from credit unions, banks and fintechs as well as analysts and consultants to discuss the most pressing topics impacting this industry.

Leading Industry Influencers Top Out the Agenda for Alkami Co:lab 2024

Report examines levels of digital maturity across financial institutions, with the most advanced institutions reporting up to twice the annual revenue growth as the least advanced Research reveals that digital banking sophistication is not solely determined by size; one quarter of institutions excelling digitally have less than $500 million in assets PLANO, Texas , Feb. 15, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today launched the Alkami Digital Sales & Service Maturity Model , based on research conducted across 215 US financial institutions with at least $200 million in assets and completed in December of 2023. The study, developed by Alkami in partnership with financial services influencer Jim Marous and Emerald Research Group , paints a picture of the spectrum of maturity by categorizing banks and credit unions into distinct segments based on their readiness and implementation of digital strategies.

Alkami Releases Research to Measure Digital Maturity in Financial Institutions

Financial institutions can leverage transaction data to uncover the financial health and patterns of account holders PLANO, Texas , Feb. 6, 2024 /PRNewswire/ --  Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., recently released proprietary data focused on emerging technology adoption, providing insight into areas such as how much consumers utilize these new technologies along with behavior patterns for cryptocurrency usage. Alkami Telemetry Research  uncovers intelligence, strategic insight, and behavioral trends within account holder transactions to inform regional and community banks and credit unions.

Alkami Telemetry Data Reveals Emerging Tech Adoption Themes

Member base will now benefit from Alkami's single platform for retail, business and mobile PLANO, Texas , Jan. 16, 2024 /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 Elevations Credit Union ("Elevations") has launched Alkami's online business and retail banking platform. Following a seamless implementation process, Elevations is now leveraging the platform to grow its retail and business portfolio and gain market share.

Elevations Credit Union Launches with Alkami's Online Retail, Business and Mobile Banking

Account holders can now track their home value, see available equity, and access personalized offers within their digital banking platform PLANO, Texas , Jan. 9, 2024 /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 Chimney™, a fintech transforming how financial institutions use property data. Through this strategic partnership, financial institutions can empower homeowners with the financial tools, data, and insights they need to manage their greatest financial asset within digital banking.

Alkami Partners with Chimney to Deliver Insights to Homeowners Within Its Digital Banking Solution

The number of student loan payments grew 127 percent in October compared to the previous month PLANO, Texas , Dec. 21, 2023 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions  provider for financial institutions in the U.S., recently released data focused on student loan payees and found that half of new student loan monthly payments in October 2023 were over $200, with the median new student loan monthly payment being $206. The number of student loan payments grew 127 percent in October as compared to the previous month, after the pause on federally-backed student loans came to an end and borrowers were required to begin making payments on these loans in October.

Alkami Telemetry Data Shows Impact of Student Loan Payments on Borrowers

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.

Credit Union of Texas Selects Alkami For Its Business Banking Platform

Digital bank enhances user experience and benefits from Alkami's wide partner network  PLANO, Texas , Dec. 6, 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 Quontic Bank , the adaptive digital bank, has launched the Alkami Digital Banking Platform, converting the bank's customer base to Alkami's single platform for online banking. As a purely digital bank, a best-in-class web and mobile presence is business-critical for Quontic Bank.

Quontic Bank Launches Alkami's Digital Banking Solution

PLANO, Texas, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced that company executive leadership will present at the Barclays Global Technology Conference on Wednesday, December 6, 2023. Presenters will include Alex Shootman, chief executive officer and Bryan Hill, chief financial officer. A webcast and replay of the event will be accessible at investors.alkami.com following the conference.

Alkami to Present at Barclays Global Technology Conference

Alkami Technology, Inc.'s focused approach to the bank market and successful cross-selling initiatives underscore its adaptability and strategic growth trajectory. With a strategic shift towards profitability in 2024, Alkami combines solid growth with a reasonable valuation, offering investors an attractive entry point. The expanding P/Sales multiple, still within a reasonable range, suggests that Alkami's improving profitability and projected 25% to 30% top-line growth in 2024 could result in a rewarding investment.

Alkami Technology: Fintech That's On The Cusp Of Profitability

PLANO, Texas, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced that company executive leadership will present at the Stephens Annual Investment Conference on Thursday, November 16, 2023. Presenters will include Stephen Bohanon, chief product and strategy officer & co-founder and Bryan Hill, chief financial officer. A webcast and replay of the event will be accessible at investors.alkami.com following the conference.

Alkami to Present at Stephens Annual Investment Conference

IPO Stock Of The Week, software leader Alkami Technology, surged to new highs this week after strong earnings results.

IPO Stock Of The Week: Software Leader Alkami Technology Hits New High

Alkami Technology, Inc. (ALKT) Q3 2023 Earnings Call Transcript

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2023 is increasingly becoming another turbulent year for the U.S. equities markets, especially for the S&P 500 and Nasdaq. Both indices have faced increased volatility and downward pressure amid sticky inflation and ongoing geopolitical issues in Ukraine and the Middle East.

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