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LITTLETON, Mass. - Hanscom Federal Credit Union (HFCU) has formed a strategic partnership with Alkami Technology, Inc. (NASDAQ:ALKT), a $2.54 billion market cap digital banking solutions provider showing impressive revenue growth of nearly 30% over the last twelve months, to develop and launch a proprietary mobile banking application, according to a press release statement.
The new mobile app will integrate Alkami’s Digital Banking Platform with HFCU’s custom-designed gamified financial wellness experience. The credit union will also implement Alkami’s Online Banking Platform to provide consistent service across digital channels. According to InvestingPro data, Alkami maintains a strong financial position with a current ratio of 2.68, indicating robust liquidity to support its technological initiatives.
"This is more than a platform deployment, it’s a co-creation of a new kind of digital experience," said Jared Silver, senior vice president of digital innovation and data strategy at HFCU.
The application will feature goal-setting tools and interactive rewards beyond traditional banking functions. These features will be built on Alkami’s digital infrastructure, which is designed for security and reliability.
Taylor Adkins, vice president of product management at Alkami, said, "This isn’t just another app; it’s a reimagining of what mobile banking can be."
The partnership combines Alkami’s Digital Banking Solution and Data & Marketing Solution with HFCU’s custom mobile application. Alkami has received J.D. Power certification in 2024 and 2025 for its mobile banking platform experience.
Hanscom Federal Credit Union, based in Littleton, Massachusetts, serves more than 100,000 members through 16 branches, over 100,000 surcharge-free ATMs, and 5,000 service centers. The credit union manages $1.9 billion in assets.
Alkami Technology provides digital sales and service platforms for U.S. financial institutions, offering integrated onboarding, digital banking, and data marketing solutions. With a gross profit margin of 58.94% and analysts expecting profitability this year, the company demonstrates strong business fundamentals. InvestingPro subscribers can access 7 additional key insights about Alkami’s growth potential and financial health in the comprehensive Pro Research Report, available exclusively on the platform.
In other recent news, Alkami Technology, Inc. reported its second-quarter 2025 earnings, showing a notable discrepancy in earnings per share (EPS). The company posted an EPS of -$0.13, which was significantly below the expected $0.08, resulting in a 262.5% negative surprise. However, Alkami exceeded revenue expectations, recording $112.1 million compared to the forecasted $110.02 million. Additionally, Alkami announced that a top 20 U.S. credit union has chosen the company as its digital banking partner, covering at least 350,000 users. This partnership includes the adoption of nearly the entire suite of Alkami’s Data & Marketing Solution. Furthermore, Alkami released a Digital Banking Conversion Toolkit aimed at assisting financial institutions in transitioning between digital banking platforms. Red Rocks Credit Union also expanded its partnership with Alkami by incorporating the company’s Digital Banking and Data & Marketing Solutions. These developments highlight recent strategic moves by Alkami in the digital banking sector.
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