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PLANO, Texas - Alkami Technology, Inc. (Nasdaq:ALKT), a $2.67 billion market cap fintech company with impressive 29.63% year-over-year revenue growth, announced on Wednesday the release of its Digital Banking Conversion Toolkit, a resource hub designed to guide banks and credit unions through the process of switching digital banking platforms. According to InvestingPro data, analysts have recently revised their earnings expectations upward, suggesting growing confidence in the company’s strategic initiatives.
The toolkit, developed based on market research conducted with Emerald Research Group, provides templates, resources, and best practices for financial institutions at various stages of the conversion process, from evaluation to implementation.
"This toolkit is built for all financial institutions—not just those that partner with Alkami," said Alex Shootman, chief executive officer at Alkami, according to the press release. While the company is not currently profitable, InvestingPro analysis indicates that analysts expect profitability to turn positive this year, with multiple additional bullish indicators available to Pro subscribers.
The resource hub breaks down the digital banking conversion process into five key stages: Evaluation & Research, Requirements Gathering, Technical Refinement, Final Vendor Selection, and Implementation & Launch. It also includes a Digital Banking Conversion Readiness Assessment tool that helps institutions evaluate their current state and identify next steps.
The company’s research found that 87 percent of digital banking decision makers who converted platforms in the past three years reported a positive experience. The study also revealed that 63 percent of financial institution decision makers are satisfied with their current platform provider but may still explore alternatives to evolve their digital banking offerings. With a strong current ratio of 2.68, Alkami maintains robust liquidity to support its growth initiatives and customer implementations. For deeper insights into Alkami’s financial health and growth prospects, investors can access the comprehensive Pro Research Report available on InvestingPro.
The toolkit is available to any financial institution regardless of their relationship with Alkami, and its contents are not specific to the company’s solutions, according to the announcement.
Alkami provides a digital sales and service platform for U.S. banks and credit unions that integrates onboarding, digital banking, and data marketing solutions. The company has been certified by J.D. Power in 2024 and 2025 for providing "An Outstanding Mobile Banking Platform Experience."
In other recent news, Alkami Technology Inc. reported its second-quarter 2025 earnings, which highlighted a significant miss on earnings per share (EPS) expectations. The company posted an EPS of -$0.13, which was substantially below the anticipated $0.08, resulting in a 262.5% negative surprise. However, Alkami Technology exceeded revenue forecasts, achieving $112.1 million compared to the expected $110.02 million. In another development, Alkami Technology announced that a top 20 U.S. credit union has chosen the company as its digital banking partner. This partnership will cover both retail and business banking services for at least 350,000 users. The engagement also includes nearly the entire suite of Alkami’s Data & Marketing Solution, marking one of the company’s most comprehensive product adoptions. These recent developments underscore Alkami Technology’s ongoing efforts to expand its services and partnerships.
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