PLANO, Texas--(BUSINESS WIRE)--Alkami Technology, a provider of online and mobile banking solutions for financial institutions, was recognized as a “Company to Watch” as part of the 2016 FinTech Forward rankings released by American Banker and BAI at BAI Beacon, which is being held in Chicago.
The FinTech Forward Companies to Watch highlights the most promising, innovative startups and recent market entrants bringing compelling new offerings and solid business models to fintech. Named alongside 20 other high-impact startups, Alkami was honored for helping shape the future of the financial services industry. This select group of companies is chosen by an advisory board comprised of industry experts from BAI and other financial services leaders.
“Financial services companies are increasingly turning to vendors to augment legacy technology, better understand data and provide customers with products that hold up across the digital universe,” said Robert Barba, technology editor of American Banker. “The companies we recognize as members of the FinTech Forward rankings are giving banks the tools they need to handle the challenges and opportunities they face.”
Alkami’s ORB is a modern, unified platform that provides financial institutions with an elegant user interface across all channels and functional offerings, including retail, business, mobile, bill pay, personal finance management (PFM), Person-to-Person payments, marketing and more. It delivers the ultimate digital banking experience to consumers, providing them a convenient way to manage their finances. Additionally, ORB’s intelligent content delivery system allows institutions to successfully promote products and services that are tailored, relevant and timely. Banks and credit unions are able to build their own apps and product extensions that can be easily integrated for all lines of business.
Because of Alkami’s drive to enhance the digital banking marketplace, the company has achieved several notable milestones. Alkami grew its live user base 1334 percent (to 1.8 million users) and its contracted users 574 percent (to 3,020,187 users) over the last three years.
“According to the Federal Reserve Board’s Consumers and Mobile Financial Services 2016 study, the banking industry continues to see growth in mobile banking, with nearly half of adults with smart phones using mobile apps to bank – a four percent increase from last year,” said Stephen Bohanon, founder, chief strategy and sales officer of Alkami Technology. “As mobile banking becomes commonplace, what will set financial institutions apart will no longer be whether they offer it. It will be based on the user experience brought about by great design and tightly coupled integration across the enterprise. ORB gives banks and credit unions a competitive advantage by placing a strong emphasis on delivering the ultimate digital banking experience. We’re committed to helping our clients offer truly innovative services, and being named a Company to Watch is a testament to that commitment.”
About Alkami Technology
Alkami Technology, Inc. provides online and mobile banking solutions for credit unions and banks. Based in Plano, Texas, the company’s flagship product, the ORB Platform, delivers security, flexibility, extensibility and a superior architecture for the future of digital banking. With its modern interface, intelligent content delivery system and customizable feature set, the ORB Platform is the ultimate digital banking solution for financial institutions. Alkami provides the ORB Platform as a SaaS solution. For more information about Alkami, please visit www.alkamitech.com, visit them on LinkedIn at www.linkedin.com/company/alkami-technology or on Twitter at @alkamitech.