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.
Chimney provides homeowners with actionable advice about their
home value, home equity, borrowing power, and personalized offers –
regardless of which financial institution holds their mortgage.
Until now, many financial institutions have relied on manual
methods of activating property data, which restricted their ability
to personalize loan offers and engage homeowners, who often
leverage third-party real estate websites to track their home value
and may be targeted with a competitive offer.
Kassandra Martin, director,
digital experience at Direct FCU, an Alkami client and Chimney
partner said, "Direct FCU is proud to partner with Chimney, the
provider of an innovative user experience related to homeowner
insights for our members. The Chimney team has been nothing short
of incredible to work with and made this process so easy with
Alkami. This partnership represents our commitment to delivering
cutting-edge financial services and a best-in-class seamless
digital experience to our members, and we couldn't be more
excited."
"Alkami believes innovation unlocks new growth opportunities and
enhances account holder experiences. Chimney's platform exemplifies
this and delivers a tool that supports homeowners' financial
journeys and deepens relationships," said Stephen Bohanon, co-founder, chief strategy and
product officer at Alkami.
By combining financial health data and property data, Alkami and
Chimney can help financial institutions drive user engagement, gain
insights into competitive relationships, inform product offers,
cross-sell, and verify property data faster than ever before.
Chimney's solution covers 98% of residential properties.
"As consumers evaluate their credit options, a significant
portion interested in home equity loans or lines of credit often
bypass their local financial institution when researching products.
Chimney has reimagined the way financial institutions can leverage
property data to keep homeowners engaged with the digital banking
experience by delivering home valuations and personalized offers
in-platform; enabling them to compete in the home equity space and
setting them on the path towards primary financial institution
status," said Matt Covi, co-founder
and chief executive officer of Chimney.
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 Chimney
Millions of people use Chimney's
award-winning tools and APIs to track home value, understand
borrowing power, and easily access home equity - all right within
their banking app. Chimney's homeownership platform is the latest
addition to the company's product suite, which includes its
award-winning financial calculators. A two-time Best of Show winner
at Finovate, Chimney's solutions are built for the digital age –
designed to engage people online, capture more data and generate
revenue faster. That's why the company is trusted by over 100 of
the top financial institutions. To learn more, visit
www.chimney.io.
Media Relations Contacts
Vested
alkami@fullyvested.com
Marla Pieton
marla.pieton@alkami.com
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SOURCE Alkami Technology, Inc.