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 Technology reports robust Q4 growth and eyes profitability in 2023

Alkami's Q4 2022 performance showcased strong revenue growth and user acquisition, aligning with strategic goals.
The company's focus on technology, user experience, and market expansion positions it for future success.
Challenges include balancing growth targets with profitability and navigating the evolving M&A landscape.
Opportunities lie in expanding gross margins, driving user growth, and leveraging add-on sales for revenue generation.

Alkami Technology reports robust Q1 growth, eyes profitability amid challenges

Alkami Technology's Q1 2023 showcased strong revenue growth and user base expansion, aiming for profitability by year-end.
While facing EBITDA loss challenges, the company's focus on digital banking experience and client data offers growth avenues.
Balancing revenue targets, market mix, and product innovation will be key for Alkami to capitalize on market opportunities and overcome challenges.

Alkami Technology reports robust Q2 growth and eyes strategic expansion

Alkami Technology's Q2 2023 performance reflects strong revenue growth and user expansion, underpinned by a solid cash position and strategic sales efforts.
While challenges exist in achieving profitability and client renewals, the company's focus on operational efficiency and market competitiveness bodes well for future success.
Opportunities in user acquisition, M&A activities, and product innovation present avenues for Alkami to further solidify its position in the digital solutions market.

Alkami Technology excels in Q3, eyes digital banking growth

Alkami Technology's strong Q3 performance and strategic focus on digital banking underscore its market position and growth potential.
While facing competition and contract renewal challenges, the company's innovation, client-centric approach, and revenue projections signal resilience.
Opportunities lie in leveraging digital banking trends, expanding product capabilities, and targeting tech-savvy clients for sustained growth.
With accelerating revenue growth expected in Q4 2023 and a commitment to enhancing user experience, Alkami is poised for continued success in the digital banking landscape.

Alkami Technology excels in Q4, eyes equal client mix by 2026

Alkami Technology's Q4 2023 performance was robust, exceeding revenue targets and focusing on client relationships and growth.
The company faces challenges in aligning product roadmaps between bank and credit union clients and aims for equal client composition by 2026.
Opportunities lie in leveraging data for AI capabilities, driving down costs, and focusing on product-market fit for sustained success.
Overall, Alkami's strategic focus on client satisfaction, innovation, and market demand positions them for continued growth and success.

Alkami Technology excels in Q1, poised for growth and innovation

Alkami Technology's Q1 2024 performance reflects strong revenue growth, robust client base expansion, and a focus on innovation through its data platform.
The company's strengths lie in its competitive edge in the digital banking space, diverse product offerings, and significant room for further client adoption.
While facing challenges in meeting evolving client demands and maintaining profitability, Alkami is well-positioned to leverage opportunities in client acquisition, technology adoption, and product development.

Alkami Technology excels in Q2, eyes growth in digital banking

Alkami Technology's Q2 2024 performance reflects strong revenue growth, operational improvements, and market expansion, underpinned by industry recognition and strategic investments.
While facing challenges in meeting financial targets and margin goals, the company's focus on innovation, market penetration, and executive leadership sets the stage for continued growth.
With a solid sales pipeline, a clear growth strategy, and a commitment to enhancing customer experience, Alkami is well-positioned to capitalize on market opportunities and drive future success.

Alkami Technology excels in Q3, eyes data tech for growth

Alkami Technology's Q3 2024 performance reflects robust growth, operational efficiency, and strategic client acquisitions.
The company's focus on data technology as a growth driver and its strong financial position position it well for future opportunities.
While challenges like margin targets and market competition exist, Alkami's strengths and opportunities signal a promising trajectory.

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PLANO, Texas, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a leading cloud-based digital banking solutions provider for U.S. banks and credit unions, today announced results for its second quarter ending June 30, 2022.

Alkami Announces Second Quarter 2022 Financial Results

PLANO, Texas, July 25, 2022 (GLOBE NEWSWIRE) -- Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a leading cloud-based digital banking solutions provider for U.S. banks and credit unions, today announced that it plans to report financial results for its second quarter ended June 30, 2022 on Wednesday, August 3, 2022, after the market close.

Alkami to Announce Second Quarter 2022 Financial Results

PLANO, Texas , June 14, 2022 /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 its newest research report, " The 2022 Digital Banking Transformative Trends Study. " The report provides context, understanding, and confidence for leaders at financial institutions (FIs) to unlock the potential of digital banking across generations.

New Alkami Report Reveals Generational Trends Driving Rapid Change in Digital Banking

PLANO, Texas--(BUSINESS WIRE)--Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a leading cloud-based digital banking solutions provider for banks and credit unions in the U.S., today announced a partnership with Array, a leading financial innovation platform. As part of the partnership, Alkami will offer Array products to Alkami's client base including My Credit Manager, ID Protect and Offers Engine. “Improving the digital-first banking experience is a top priority for banks and credit union

Alkami and Array Form Partnership to Help Banks and Credit Unions Increase Digital Engagement

Research provides context and framework for identifying appropriate metrics for financial institutions to track PLANO, Texas , June 1, 2022 /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 its newest research report, " 2022 Digital Banking Performance Metrics ," an exclusive report for banks and credit unions that gives financial institution executives the context they need to measure and manage their digital investments, channels, and operations. Created in collaboration with Cornerstone Advisors , the report draws on a study of 66 financial institutions (FIs) with an average asset size of $5.2 billion.

New Alkami and Cornerstone Advisors Report Reveals Key Metrics for Banks and Credit Unions to Measure and Manage for Digital Success

Alkami Technology went public in April 2021, raising approximately $180 million in an IPO. The firm provides SaaS software solutions to U.S. financial institutions.

Alkami Technology Grows Revenue But Operating Losses Mount

Research shows small business digital transformation continues, opening the door for deeper financial relationships PLANO, Texas , May 11, 2022 /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 research report, " Digital Banking Market Pulse: Small business recovery in light of the FI paradigm shift ." The report explores the stability of the relationships between financial institutions (FIs) and small businesses (SMBs) in the wake of the COVID-19 pandemic.

New Alkami Report Uncovers Opportunities for Financial Institutions to Enhance Relationships with Small Businesses Post COVID

Alkami Technology, Inc. (NASDAQ:ALKT ) Q1 2022 Earnings Conference Call May 5, 2022 5:00 PM ET Company Participants Alex Shootman - CEO Bryan Hill - CFO Steve Calk - Head, Investor Relations Conference Call Participants Operator Hello and welcome to Alkami's First Quarter 2022 Financial Results Conference Call. My name is Danielle and I will be your operator for today's call.

Alkami Technology, Inc. (ALKT) CEO Alex Shootman on Q1 2022 Results - Earnings Call Transcript

PLANO, Texas, May 05, 2022 (GLOBE NEWSWIRE) -- Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a leading cloud-based digital banking solutions provider for U.S. banks and credit unions, today announced results for its first quarter ending March 31, 2022.

Alkami Announces First Quarter 2022 Financial Results

PLANO, Texas, April 25, 2022 (GLOBE NEWSWIRE) -- Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a leading cloud-based digital banking solutions provider for U.S. banks and credit unions, today announced that it plans to report financial results for its first quarter ended March 31, 2022 on Thursday, May 5, 2022, after the market close.

Alkami to Announce First Quarter 2022 Financial Results

Move to new digital banking platform supports credit union's strategic focus on retail and business banking PLANO, Texas , April 19, 2022 /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 today that ORNL Federal Credit Union ("ORNL FCU") is implementing the Alkami Platform to amplify its digital banking experience with leading-edge digital tools and technology designed to help their members thrive. "Our mission was to find a true, single platform that is innovative, customizable and offers a seamless user experience for our members," said Dawn Brummett, executive vice president and COO of ORNL FCU.

ORNL Federal Credit Union Partners with Alkami to Power Its Digital Banking Experience

Full technology overhaul sets innovative course for other community banks to follow PLANO, Texas , April 12, 2022 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for banks and credit unions in the U.S., today announced that Mascoma Bank ("Mascoma") has selected Alkami's digital banking platform as part of a full technology stack overhaul with core banking technology firm Thought Machine . This will not only drive future growth for Mascoma, but also serve as a model for other community banks to build upon.

Mascoma Bank Selects Alkami as its Digital Banking Platform Partner

Acquisition combines Segmint's data insights with Alkami's digital account opening and digital banking capabilities to activate financial institutions' user data along the account holder journey PLANO, Texas , March 28, 2022 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for US financial institutions (FIs), announced it has entered a definitive agreement to acquire Segmint Inc., a leader in making account and transaction data usable and meaningful for FIs to deepen customer relationships and grow revenues. The acquisition will benefit FIs in two ways.

Alkami to Acquire Segmint Inc., Leading Financial Data Analytics and Transaction Cleansing Provider

Annual conference examines key trends and digital innovation strategies for financial institutions PLANO, Texas , March 16, 2022 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for banks and credit unions in the U.S., today announced the keynote speakers and sessions for its annual conference, Co:lab 2022 , being held in Grapevine, TX, April 25-27, 2022. The event brings together the best minds in the industry to share their experiences and insights, collaborate around challenges and solutions, and accelerate innovation in digital banking.

Alkami Co:lab 2022 to Bring Together Top Industry Leaders to Explore the Future of Digital Banking

PLANO, Texas, March 01, 2022 (GLOBE NEWSWIRE) -- Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a leading cloud-based digital banking solutions provider for U.S. banks and credit unions, today announced that company leadership will present at the JMP Securities Technology Conference on Tuesday, March 8, 2022, at 1:30 p.m. (PT). Presenters will include Alex Shootman, Chief Executive Officer, and Bryan Hill, Chief Financial Officer.

Alkami to Present at JMP Securities Technology Conference

Alkami Technology Inc. (ALKT) CEO Alex Shootman on Q4 2021 Results - Earnings Call Transcript

PLANO, Texas, Feb. 14, 2022 (GLOBE NEWSWIRE) -- Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a leading cloud-based digital banking solutions provider for U.S. banks and credit unions, today announced that it plans to report financial results for its fourth quarter ended December 31, 2021 on Wednesday, February 23, 2022, after the market close.

Alkami to Announce Fourth Quarter 2021 Financial Results

PLANO, Texas, Feb. 8, 2022 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions  provider for U.S. banks and credit unions, announced today that First Community Bank will implement Alkami's Credit Card Origination System (CCOS). The new system will help simplify, shorten and improve the bank's online credit card application process for its customers.

First Community Bank Invests in Alkami Platform to Transform Credit Card Application Process

PLANO, Texas, Feb. 2, 2022 /PRNewswire/ -- Alkami Technology Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based  digital banking solutions provider for U.S. banks and credit unions, has announced the launch of Alkami Activate, a new marketing service that helps financial institutions (FIs) engage digital banking users through end-user awareness and explainer videos, targeted propensity lists, and competitive benchmarking. Alkami Activate is a new marketing service that supports regional banks and credit unions in maximizing digital banking engagement and includes: A comprehensive library of end-user videos, aligned to the FI's brand identity, to drive adoption of the latest digital banking features, such as cryptocurrency, financial wellness, and security.

Alkami Helps Clients Drive Engagement Through New Marketing Service

PLANO, Texas, Jan. 26, 2022 /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 its new research report, " Digital Banking Market Pulse: Big Tech's influence on digital banking ." Alkami conducted primary research among 795 U.S. consumers in June of 2021 to better understand Big Tech's influence on the digital banking experience.

New Alkami Research Underscores Importance of Modernizing Digital Customer Engagement

Alkami Technology, Inc. (ALKT) CEO Mike Hansen on Q3 2021 Results - Earnings Call Transcript

PLANO, Texas, Nov. 4, 2021 /PRNewswire/ -- Alkami Technology, Inc. (NASDAQ: ALKT) ("Alkami"), announced that its Board of Directors has appointed Alex Shootman to the role of Chief Executive Officer, effective November 5, 2021. Shootman succeeds Mike Hansen, who will remain at Alkami in an advisory role through the end of the year to assist with the transition and continue his role as a Director on Alkami's board through at least 2022.

Alkami Announces Alex Shootman as Chief Executive Officer

PLANO, Texas, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Alkami Technology, Inc. (“Alkami”), a leading cloud-based digital banking solutions provider for U.S.-based financial institutions, announced today results for its third quarter ending September 30, 2021.

Alkami Announces Third Quarter 2021 Financial Results

PLANO, Texas, Nov. 2, 2021 /PRNewswire/ -- Alkami Technology Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based  digital banking solutions provider for U.S. banks and credit unions, has announced STAR Financial Bank ("STAR Bank") as its first client to empower customers with trading systems that allow the purchase, sale, and secure storage of bitcoin, powered by NYDIG . STAR Bank is the first bank in the state of Indiana to offer bitcoin trading services to customers.

STAR Bank Launches NYDIG Bitcoin Services Via Alkami Platform

PLANO, Texas, Oct. 25, 2021 (GLOBE NEWSWIRE) -- Alkami Technology Inc. (Nasdaq: ALKT) (“Alkami”), a leading cloud-based digital banking solutions provider for banks and credit unions in the U.S., announced today that it plans to report financial results for its third quarter ended September 30, 2021, on Thursday, November 4, 2021, after the market closes.

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