Outlines what true digital transformation means and what it
looks like for financial institutions
PLANO,
Texas, Jan. 25, 2023 /PRNewswire/
-- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a
leading cloud-based digital banking
solutions provider for banks
and credit unions in the U.S., announced the release of a new
eBook, "Turn Digital Banking into a Profit
Center." The eBook explores what true
digital transformation looks like for financial institutions (FIs)
and how they can activate data to meet account holder expectations
and drive revenue.
The global digital banking market size is estimated to surpass
$10.3 trillion by 2028. According to
Cornerstone Advisors, 75% of banks and credit unions have launched
digital transformation initiatives, and another 15% plan to do so
this year. Alkami's eBook outlines key strategies for these FIs to
ensure their digital transformation efforts are structured for
success.
"Successful digital transformation requires FIs moving away from
thinking of digital banking as a cost of doing business to adopting
a mindset of digital banking as a profit center," said Nate Shahan, vice president of product
management for Alkami. "That means looking at replacing legacy
technologies, embracing artificial intelligence tools and taking
advantage of transaction data flowing through the core."
Best-in-Class Components
The eBook identifies six best-in-class components that FIs can
use to stand out from the competition, including:
- Data-Driven Insights – Executing on transaction data to
deepen user relationships, build profitability, and strengthen
institutional loyalty
- Seamless User Experience (UX) – Enhancing UX to improve
the digital banking experience for users
- Cloud-Forward Thinking – Leveraging the cloud to enhance
features, security, and UX while improving uptime, performance, and
quality
To view all six key findings, download the eBook here.
Alkami co-founder and chief strategy and product officer,
Stephen Bohanon,
added, "Digital transformation is a strategic commitment that
can be lengthy and intensive, and often requires traditional banks
and credit unions to stretch beyond their comfort zone to get the
right technology. FIs who create an ecosystem that brings together
the right partners, advanced technologies and capabilities, will be
rewarded with satisfied account holders and new revenue
streams."
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 and digital loan
origination, payment security, and data analytics and marketing
solutions. To learn more, visit www.alkami.com.
Media Relations Contact
Marla
Pieton
marla.pieton@alkami.com
Katie Schimmel
katie@outlookmarketingsrv.com
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SOURCE Alkami Technology, Inc.