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PLANO, Texas - Red Rocks Credit Union has expanded its relationship with Alkami Technology, Inc. (NASDAQ:ALKT) by adding the company’s Digital Banking Solution and Data & Marketing Solution to its existing Onboarding & Account Opening Solution, according to a press release statement issued Tuesday.
The Colorado-based credit union, which serves nearly 18,000 members across three counties, will implement Alkami’s integrated technology suite to enhance its digital member experience. InvestingPro analysis indicates Alkami maintains a strong liquidity position with a current ratio of 2.68, suggesting robust operational flexibility.
"At Red Rocks, we believe purposeful living starts with strong financial support," said Darius Wise, president and chief executive officer of Red Rocks. "Our members are asking for digital experiences that feel personal and trustworthy, and expanding our partnership with Alkami helps us deliver just that."
The Digital Banking Solution will provide online and mobile banking services for both retail and business members, while the Data & Marketing Solution will enable the credit union to gain insights into member behavior for more targeted communications.
With these additions, Red Rocks will activate what Alkami calls its Digital Sales & Service Platform, combining digital onboarding, online banking, and data-driven marketing tools.
Taylor Adkins, vice president of product management at Alkami, noted that the unified platform will allow Red Rocks to "deliver connected, personalized experiences from the very first interaction to every day after."
Red Rocks Credit Union has been serving Colorado communities since 1979 and operates across Arapahoe, Douglas, and Jefferson Counties, offering both in-person support and digital banking tools.
Alkami Technology provides digital sales and service platforms for U.S. financial institutions and was certified by J.D. Power in 2024 and 2025 for its mobile banking platform experience. Analysts maintain a bullish outlook on the company, with multiple upward earnings revisions for the upcoming period. For detailed insights and additional ProTips about Alkami’s growth trajectory, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Alkami Technology Inc. reported its second-quarter 2025 earnings, which showed a notable discrepancy in earnings per share (EPS) compared to expectations. The company recorded an EPS of -$0.13, which was significantly below the anticipated $0.08, resulting in a 262.5% negative surprise. However, Alkami’s revenue outperformed forecasts, reaching $112.1 million against an expected $110.02 million. Additionally, a top 20 U.S. credit union has chosen Alkami as its digital banking partner, encompassing both retail and business banking services for at least 350,000 users. This engagement includes nearly the entire suite of Alkami’s Data & Marketing Solution, marking one of the company’s most extensive product adoptions. Furthermore, Alkami announced the launch of its Digital Banking Conversion Toolkit, designed to assist banks and credit unions in transitioning digital banking platforms. This toolkit was developed in collaboration with Emerald Research Group, offering templates and best practices for financial institutions. These developments highlight Alkami’s efforts to expand its digital banking solutions and support financial institutions in their digital transformation.
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