Redefining digital transformation for the
strategic financial institution of the future
PLANO,
Texas, March 29, 2023 /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 Connecticut-based Liberty Bank has launched
the Alkami Digital Banking Platform, and is successfully converting
a substantial portion of their customer base—approximately
150,000—to Alkami's single platform for business, retail and mobile
banking.
The move to the Alkami Platform is a crucial step in Liberty
Bank's full technology stack overhaul with the objective to bring
the most innovative products and seamless user experience to its
customers and strategically position the bank for future
growth.
"We set out to transform the Liberty user experience from the
ground up by rebuilding our digital assets and partnering with the
best solution providers in the market," said David Mitchell, EVP, GM and chief digital
officer at Liberty Bank. "We chose Alkami as a strategic partner
for many reasons. They are the leading provider with a single
platform for retail and business customers with a growing customer
base of likeminded strategically driven financial institutions.
Alkami's vision for the future of digital banking closely aligns
with our business strategy; and, perhaps most importantly, they
have demonstrated true commitment and a proven ability to
continuously deliver new solutions that will enable us to rise
above our competition now and well into the future."
The Alkami Platform will enable Liberty Bank to leverage data to
enhance personalized communication channels for both their retail
and business customers. As a core component to the bank's larger
tech stack, the best-in-class Platform also has the extensibility
for long-term integrations.
"Financial institutions can no longer piecemeal their digital
transformation efforts, they must consider the entire account
holder experience. A complete digital sales and service platform
enables the exceptional experience that FIs need to provide today:
one that rivals burgeoning fintech companies and even those of
non-banking platforms like Amazon," said Stephen Bohanon, Alkami's co-founder and chief
strategy and product officer. "Liberty Bank has risen to this
challenge, and we are thrilled to be an integral part of their
transformation. We look forward to further innovating digital
banking together."
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 and
digital loan origination, payment security, and data analytics and
marketing solutions. To learn more, visit www.alkami.com.
About Liberty Bank
Established in 1825, Liberty Bank
is the oldest and largest independent mutual bank in the country.
With more than $7 billion in assets,
Liberty has 56 banking offices across Connecticut and one in Massachusetts. As a full-service financial
institution, Liberty offers consumer and commercial banking, cash
management, home mortgages, business loans, insurance and
investment services. Liberty has been voted a 'Top Workplace' every
year since 2012 and designated a 2021 and 2022 Best-In-State Bank
in Connecticut by Forbes Magazine.
www.liberty-bank.com
Media Relations Contact
Marla
Pieton
marla.pieton@alkami.com
Katie Schimmel
katie@outlookmarketingsrv.com
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SOURCE Alkami Technology, Inc.