Tier one credit union selects Alkami for digital banking

PLANO, Texas - Alkami Technology, Inc. (NASDAQ:ALKT), a $2.15 billion market cap digital banking solutions provider, announced Monday that a top 20 U.S. credit union has selected the company as its digital banking partner for both retail and business banking services, covering a minimum of 350,000 users. According to InvestingPro data, the company is expected to grow revenues by 33% this year, with analysts maintaining a bullish outlook.

The engagement includes nearly the entire suite of Alkami’s Data & Marketing Solution, representing one of the company’s most comprehensive product adoptions to date, according to the press release statement.

With this addition, Alkami now serves five of the top 20 credit unions in the United States. The new client adds to Alkami’s 1.3 million digital user implementation backlog reported as of June 30, 2025.

"This is a new milestone for Alkami that underscores the value of what modern digital banking can deliver at scale," said Alex Shootman, chief executive officer at Alkami.

The company reports that approximately one-third of its Digital Banking clients under contract and 13 of its last 14 new clients also subscribe to Alkami’s Data & Marketing Solution. Additionally, its Positive Pay & ACH Reporting solution is on track to increase client launches by more than 50% compared to last year, with over 600 financial institutions currently utilizing the service.

Alkami remains the top digital banking provider in credit union market share based on the number of enrolled mobile users, according to FI Navigator, a U.S. banking vertical data and analytics company. The company has also been certified by J.D. Power in 2024 and 2025 for providing "An Outstanding Mobile Banking Platform Experience." Discover more detailed analysis and 12 additional ProTips about ALKT’s growth potential in the comprehensive Pro Research Report, available exclusively on InvestingPro.

In other recent news, Alkami Technology Inc. reported its second-quarter 2025 earnings, which revealed a substantial miss on earnings per share (EPS) expectations. The company posted an EPS of -$0.13, significantly below the anticipated $0.08, resulting in a 262.5% negative surprise. However, Alkami Technology did exceed revenue expectations, reporting $112.1 million compared to the forecasted $110.02 million. Despite the revenue beat, the company’s stock experienced a decline. These developments are part of the latest updates concerning Alkami Technology.

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