Empowers account holders to easily configure
and manage direct deposits
PLANO,
Texas, Aug. 31, 2023 /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 partnered with Atomic, the
market-leading provider of payroll connectivity, to provide
financial institutions with a direct deposit switching solution
that allows account holders to seamlessly connect their payroll
accounts to any financial institution.
![Alkami Logo (PRNewsfoto/Alkami Technology, Inc.) Alkami Logo (PRNewsfoto/Alkami Technology, Inc.)](https://mma.prnewswire.com/media/899955/Alkami_Logo.jpg)
As part of the partnership, Atomic's direct deposit switch
solution will be integrated into Alkami's Digital Banking Platform.
This will make it easier for community and regional financial
institutions to offer their account holders a quick and convenient
way to set up and switch direct deposits, further helping financial
institutions to grow direct deposits, account acquisition, and
primary relationships. This enhancement eliminates paper processes,
significantly decreases wait times often incurred with traditional
methods, and reduces the cost of deposit acquisition.
"We are excited to partner with Atomic to offer our customers
this valuable solution," said Adam
Craig, vice president, corporate development. "The true
power of the Alkami platform is in the extensibility it offers
financial institutions to grow with best-in-class partners and
solutions like Atomic. Fintech partnerships like these give
financial institutions the tools they need to earn primary
financial institution status and maintain that status as they scale
to meet the growing needs of their account holders."
"At Texans, we are focused on creating a delightful member
experience. Since implementing Alkami's digital banking platform,
we've continued to identify new ways to improve our members'
self-service capabilities – making it easier and more enjoyable for
our members to transact with us. We were excited to learn
that Alkami partnered with Atomic. Their workflow modernizes a
legacy process that has been a standard for quite some time so that
digital banking users can change their direct deposit with just a
few clicks. We chose to partner with Atomic and Alkami to deepen
member relationships, grow deposits, reduce call center volume, and
create stickiness with our members," said Matt Moore, senior vice president at Texans
Credit Union.
"We are thrilled that Alkami chose Atomic to offer our direct
deposit solution to their growing customer base," said Jordan Wright, co-founder and chief executive
officer of Atomic. "Direct deposits are a major driver of account
growth and profitability for financial institutions. In fact, we've
seen financial institutions who leverage Atomic experience as much
as a 50 percent lift in direct deposit conversion. We believe the
Atomic Deposit plug-in will quickly become a core component for
financial institutions as they continue to scale with Alkami's
lineup of best-in-class partner solutions."
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, payment security,
and data analytics and marketing solutions. To learn more,
visit www.alkami.com.
About Atomic
Atomic is the market-leading provider of
payroll connectivity. The company's mission is to help financial
institutions and their customers thrive by making it easy to
connect to payroll. Atomic's solutions are trusted by over 195
financial institutions and millions of consumers. For more
information, visit https://atomic.financial.
About Texans Credit Union
Texans Credit Union is
a not-for-profit financial institution serving North Texas members since 1953. Headquartered
in Richardson, Texas, Texans
Credit Union has more than 120,000 members and $2.1 billion in assets. Our mission is to provide
members with exceptional service, value and financial products to
help individuals achieve their financial goals. We offer a full
range of banking services, including checking and savings accounts,
loans, mortgages, credit cards and investment options. Texans
Credit Union is one of the largest credit unions in the state. For
more information, please visit texanscu.org or follow us on
LinkedIn, Facebook and Twitter.
Media Relations Contacts
Vested
alkami@fullyvested.com
Marla Pieton
marla.pieton@alkami.com
Becky Ross
becky@atomicfi.com
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SOURCE Alkami Technology, Inc.