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.
After beginning its digital transformation journey, Elevations
looked for a digital banking vendor to expand and improve its
digital banking capabilities. The Alkami Digital Banking Platform
provides Elevations' retail and business members with intuitive,
self-service tools within a personalized user experience, powered
by a dataset rivaling the largest megabanks. Elevations now also
benefits from enhanced account opening capabilities, data analytics
that can drive improved engagement, and payment fraud
prevention. Alkami's comprehensive single platform enables
financial institutions like Elevations to drive new account holder
growth and cross-sell opportunities while deepening institutional
loyalty via reliable, innovative banking services.
After completing the implementation process, Elevations' members
were able to seamlessly convert to Alkami's Digital Banking
Platform, showcasing its effective and user-friendly
characteristics. Elevations is also leveraging SavvyMoney, Alkami's
marketing and educational capability, to improve members' financial
wellness.
"As a credit union serving communities in Colorado's Front Range, we must keep pace with
a member base that is incredibly technologically savvy and open to
innovation. It was imperative for us to work with a vendor who
matched our strategic approach and digital vision," said
Craig Draayer, vice president of
digital transformation at Elevations. "Alkami shares Elevations'
user interface and user experience principles and emphasis on
member engagement, and we know that with Alkami, we will never be
in the position of outrunning our vendor. Due to Alkami's expertise
and tried-and-true best practices, this implementation was one of
the best I have seen in my career. We look forward to deepening our
relationship with Alkami in the future as we roll out more
industry-leading offerings for our members."
"Elevations understands that business growth is inextricably
linked to innovation for financial institutions. We are proud to
deliver the digital banking capabilities that will enable them to
compete in an expanding market and empower their members with
user-friendly solutions to navigate their financial portfolio,"
said Jeff Chen, vice president,
product management at Alkami. "The success of Elevations' launch
with our platform also demonstrates the business value of investing
in technology with intuitive user experiences, allowing
institutions like Elevations to devote more time to personalized
human interactions with members focused on their financial
journey."
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 Elevations Credit Union
Elevations Credit Union empowers its members and the
communities it serves along Colorado's Front Range with financial
solutions and education. In addition to offering a broad portfolio
of consumer and business banking services, Elevations is the No. 1
credit union residential mortgage lender in Colorado. Founded in 1952 as the U. of C.
Federal Credit Union in Boulder, the organization has grown from 12
members and less than $100 in assets
to over 176,000 members, more than 580 local employees and over
$3.4 billion in assets. Learn more at
www.elevationscu.com.
Media Relations Contacts
Vested
alkami@fullyvested.com
Marla Pieton
marla.pieton@alkami.com
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SOURCE Alkami Technology, Inc.