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.
"Today, many financial institutions suffer from a lack of
payment options for consumers to pay loans and a lack of
integration with client systems," said Jason O'Brien, chief executive officer at
SWIVEL. "We are excited to partner with Alkami to help alleviate
these challenges for their financial institution clients, enabling
them to provide a payment experience for account holders that is
convenient, and in a self-serve manner with their choice of payment
methods and types."
SWIVEL's Payments Processing solution offers financial
institutions a convenient and efficient way to originate, track and
process automated clearing house (ACH) and card-based payments. As
a result of this partnership, Alkami's financial institution
clients can benefit from:
- A flexible, self-serve payment experience, allowing users to
make loan payments with their choice of payment methods and
types
- Reduced call center volume associated with payments processing,
leading to increased payment volume and adoption
- Settlement of all payment channels through a single source,
posting payments directly to the loan
- A fully responsive, white-labeled loan payment portal,
optimized for web and mobile
- Assurance that all payments are processed in adherence with
network rules and card guidelines
- Secure and reliable loan payment transactions, backed by
SWIVEL's complimentary unusual activity monitoring service.
"Our partnership with SWIVEL means that we can continue to offer
our bank and credit union clients more choices, speed and
flexibility when it comes to payment options for their account
holders – a benefit that we know end consumers are increasingly
coming to expect," said Jeff Chen,
vice president, product management at Alkami. "Our work with SWIVEL
also highlights Alkami's commitment to actively partnering with
innovative fintech companies that many of our clients and prospects
already use and prefer, making financial institutions' back-end
experience even more seamless."
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 commercial banking, digital account opening, and
data and marketing solutions. To learn more,
visit www.alkami.com.
About SWIVEL
SWIVEL is a financial technology and
services company providing specialized, integrated transaction
enablement solutions that remove friction for account holders,
borrowers, and departments across financial institutions, as well
as collections agencies and offices, while also mitigating risks
associated with payments processing in the digital environment and
moving funds in digital domains. The company is a wholly owned
subsidiary of SWBC, headquartered in San
Antonio, Texas. For more information about SWIVEL and its
innovative solutions, visit www.getswivel.io
Media Relations Contacts
Vested
alkami@fullyvested.com
Marla Pieton
marla.pieton@alkami.com
Lisa Pinto
lpinto@swbc.com
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SOURCE Alkami Technology, Inc.