Alkami Technology, Inc. (Nasdaq: ALKT) is a leading cloud-based digital banking solutions provider for financial institutions in the United States. They recently announced a partnership with Atomic, a market-leading provider of payroll connectivity. This partnership is aimed at providing financial institutions with a direct deposit switching solution integrated into Alkami’s Digital Banking Platform.
The key points of this partnership and the benefits it offers include:
- Direct Deposit Switch Solution: Atomic’s direct deposit switch solution will be integrated into Alkami’s Digital Banking Platform. This feature allows account holders to seamlessly connect their payroll accounts to any financial institution, making it easier for them to set up and switch direct deposits.
- Enhanced Account Holder Experience: This partnership is designed to enhance the overall experience for account holders. It eliminates paper processes, reduces wait times associated with traditional methods, and lowers the cost of deposit acquisition. This will make it more convenient and efficient for account holders to manage their direct deposits.
- Support for Financial Institutions: Community and regional financial institutions can benefit from this partnership as it helps them grow direct deposits, improve account acquisition, and strengthen primary relationships with their customers.
- Digital Transformation: Alkami’s digital banking platform is aimed at helping financial institutions transform their services by offering retail and business banking solutions, digital account opening, payment security, data analytics, and marketing solutions.
- Customer Testimonial: A senior vice president at Texans Credit Union, one of the financial institutions using Alkami’s platform, highlighted the positive impact of the partnership on member relationships, deposit growth, call center efficiency, and member loyalty.
- Atomic’s Mission: Atomic is focused on helping financial institutions and their customers by simplifying the process of connecting to payroll. Their solutions are trusted by numerous financial institutions and millions of consumers.
This partnership with Atomic demonstrates Alkami’s commitment to providing innovative solutions to financial institutions, allowing them to better serve their customers and grow their business in the digital banking space.