Alkami Technology

Alkami Technology

Cloud-based digital banking platform for banks

Overview

Alkami Technology provides cloud-based digital banking software for banks and credit unions. Its platform covers online and mobile banking, bill payment, and personal finance tools, enabling financial institutions to offer modern digital services to customers. The product works as a subscription-based platform hosted in the cloud, delivering retail and business banking capabilities and data-driven insights to help banks improve customer engagement and performance. Alkami differentiates itself through a strong focus on data-driven client success, ethical conduct, and a supportive workplace, aiming to help financial institutions attract and retain customers. The company's goal is to enable financial institutions to deliver seamless digital experiences, improve customer satisfaction, and continuously innovate through recurring revenue.

About Alkami Technology

Simplify's Rating
Why Alkami Technology is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

Fintech

Financial Services

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Plano, Texas

Founded

2009

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Simplify's Take

What believers are saying

  • Q2 2026 revenue hit $129.8 million, while adjusted EBITDA reached $19.4 million.
  • Alkami announced Aug. 4, 2026 Arkatechture integration with Armstrong Bank already live.
  • The July 30, 2026 Plaid expansion improved onboarding conversion and reduced disconnections below 1%.

What critics are saying

  • Reuters reported Aug. 6, 2026; Jana Partners forced a sale process, destabilizing strategy.
  • Plaid, Fiserv, and Q2 dominate core banking budgets, pressuring Alkami's pricing and renewals.
  • If buyers balk, Alkami risks becoming a permanently dislocated standalone public company.

What makes Alkami Technology unique

  • Alkami's July 2026 platform unifies onboarding, digital banking, and data marketing.
  • Its 65,000-merchant transaction knowledge base enriches account intelligence beyond ordinary banking software.
  • Plaid and Arkatechture integrations deepen Alkami's open ecosystem for banks and credit unions.

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Funding

Total Funding

$832.2M

Above

Industry Average

Funded Over

13 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Unlimited Paid Time Off

Remote Work Options

401(k) Company Match

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
PR Newswire
Aug 4th, 2026
Alkami and Arkatechture partner to help financial institutions accelerate data-driven growth.

Alkami and Arkatechture partner to help financial institutions accelerate data-driven growth. Aug 04, 2026, 10:00 ET Armstrong Bank is live on the integration, which brings Alkami's enriched transaction intelligence into Arkatechture's Arkalytics platform to support faster, more informed decisions across the institution. PLANO, Texas, Aug. 4, 2026 /PRNewswire/ - Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a digital sales and service platform provider for financial institutions in the U.S., and Arkatechture, a data infrastructure and analytics provider for financial institutions, today announced a partnership and integration designed to help banks and credit unions turn transaction data into decision-ready transaction intelligence. Alkami research has found that "Data-First" financial institutions reported up to 5x higher year-over-year annual average revenue growth compared to less digitally mature peers, highlighting the role trusted, actionable data can play in helping financial institutions drive growth.[1] Through the integration, Arkatechture's Arkalytics platform sends transaction data to the Alkami Data & Marketing Solution, where it is cleansed, categorized, and enriched using Alkami's knowledge base of more than 65,000 cataloged merchants. The enriched data is then returned to Arkalytics, where financial institutions can access strategic insights, account holder transaction data such as competitive bill pay activity, financial health, and share of wallet combined with demographic, product, balance, and other institutional data. Together, the solutions help financial institutions gain a more complete view of account holders, improve data quality and governance, and make faster, more informed decisions across marketing, product strategy, technology investment and growth planning. "At Armstrong Bank, we view data as a strategic asset that helps us better understand our customers, identify opportunities, and make smarter decisions across the organization," said Nick Jones, executive vice president and chief information officer at Armstrong Bank. "By bringing Alkami's enriched transaction intelligence into Arkatechture's analytics platform, we can give our teams a clearer view of customer needs, payment behaviors, and relationship opportunities - helping us turn information into action faster." "Financial institutions are under increasing pressure to use data to drive measurable impact, but that requires trusted, accurate and accessible insights across the enterprise," said Christina Miller, vice president, channel and partner growth at Alkami. "This partnership with Arkatechture reflects Alkami's commitment to being an open and connected software provider that makes it easier for banks and credit unions to work with the partners they trust." For Alkami customers, the integration is designed to reduce manual work and accelerate time-to-value through a turnkey connection between Arkalytics and the Alkami Data & Marketing Solution. The combined solution supports more effective audience segmentation, enhanced reporting, and a scalable framework for data-driven growth. "Arkalytics gives financial institutions the foundation to centralize, visualize, and act on their information, while Alkami's Data & Marketing Solution brings the transaction intelligence that makes those insights more meaningful," said Jamie Jackson, founder and chief executive officer of Arkatechture. "By bringing these capabilities together, we are helping banks and credit unions deploy a modern analytics stack that supports confident decision-making every day." [1] The 2025 Update to Alkami's Digital Sales & Service Maturity Model, Alkami in partnership with Emerald Research Group. About Alkami Alkami provides a digital sales and service platform for U.S. banks and credit unions. Our unified Platform integrates onboarding, digital banking, and data and marketing - each solution can stand alone, but together they deliver more - to help institutions onboard, engage, and grow relationships. As the future shifts toward Anticipatory Banking, we help data-informed bankers meet the moment with technology that drives action. About Arkatechture Arkatechture is a data and analytics company serving highly regulated industries including finance, retail, and healthcare. Our flagship product, Arkalytics, is built for credit unions and community banks, unifying 100+ systems into one governed foundation powering dashboards, predictive models, and AI. We also deliver data strategy, custom builds, migrations, consulting and staff augmentation. SOURCE Alkami Technology, Inc.

PR Newswire
Jul 29th, 2026
Alkami reports $129.8M Q2 revenue, up 15.9%, with adjusted EBITDA rising to $19.4M

Alkami Technology reported second quarter 2026 revenue of $129.8 million, up 15.9% year-over-year. The digital banking platform provider for US financial institutions posted an adjusted EBITDA of $19.4 million, compared to $11.9 million in the prior-year quarter. The company narrowed its GAAP net loss to $8.9 million from $13.6 million a year earlier. Alkami added 37 new digital banking clients over the past 12 months and brought five clients live on its platform during the quarter. The platform now serves 23.6 million registered users, an increase of 2.7 million over the past year. Annual recurring revenue reached $511.7 million, up 21% year-over-year. For full-year 2026, Alkami expects revenue between $528.0 million and $531.0 million, with adjusted EBITDA of $96.0 million to $98.0 million.

PR Newswire
Jul 22nd, 2026
Alkami and The Financial Brand to host webinar on Using Behavioral Data to drive Digital Banking growth.

Alkami and The Financial Brand to host webinar on Using Behavioral Data to drive Digital Banking growth. Jul 22, 2026, 10:00 ET Webinar featuring Elevations Credit Union and Valley Strong Credit Union will explore how financial institutions can use behavioral analytics, in-application guidance, and dynamic personalization to increase engagement and feature adoption PLANO, Texas, July 22, 2026 /PRNewswire/ - Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a digital sales and service platform provider for financial institutions in the U.S., today announced an upcoming webinar titled, "Personalization That Performs: Using Behavioral Data to Win Digital Banking," hosted in partnership with The Financial Brand. The webinar will take place on Wednesday, August 5, 2026, at 2:00 p.m. ET and will explore how banks and credit unions can use behavioral data to better understand account holder journeys, reduce friction, and deliver more personalized digital banking experiences. "Digital banking has become one of the most important ways we build relationships with our members," said Andrea Stevenson, director of digital banking at Elevations Credit Union. "By understanding how people interact with the digital experience, we can remove friction, introduce new tools at the right time, and help members get more value from the services we offer." Webinar attendees will learn how to: * Identify where account holders encounter friction - including behaviors such as repeated or "rage" clicking and use behavioral insights to improve digital journeys. * Guide users with contextual in-app experiences that simplify onboarding, feature discovery, and self-service. * Increase adoption of key features, products, and services through dynamic personalization and targeted user journeys that support seamless launches, feature rollouts, and product replacements. * Measure digital engagement with behavioral data that connects user actions to business outcomes. Featured speakers include: * Lesly Fruge, director, product management, Alkami * Molly Irelan, manager, research & content, Alkami * Andrea Stevenson, director, digital banking, Elevations Credit Union * Tiffany Garcia, digital solutions manager, Valley Strong Credit Union "Behavioral data becomes most valuable when financial institutions can act on it in the moment," said Lesly Fruge, director of product management at Alkami. "Understanding where account holders hesitate, abandon a journey, or need additional guidance gives banks and credit unions the opportunity to continuously improve digital experiences while increasing adoption of the products and services that matter most." Recent Alkami research found that 76% of digital banking Americans believe a financial institution's digital banking experience reflects how much it cares about its customers or members, while 44% wish their primary financial provider did a better job anticipating their financial needs and goals.[1] The webinar is designed for financial institution leaders to tap into account holder behavioral signals and focus on executing strategies that drive product adoption and growth. | 1 | Source: Alkami Proprietary Research. 2026 Digital Banking Americans Research Study. Online survey of 1,500 U.S. digital banking Americans conducted March 26-April 22, 2026. | About Alkami Alkami provides a digital sales and service platform for U.S. banks and credit unions. Our unified Platform integrates onboarding, digital banking, and data and marketing - each solution can stand alone, but together they deliver more - to help institutions onboard, engage, and grow relationships. As the future shifts toward Anticipatory Banking, we help data-informed bankers meet the moment with technology that drives action. SOURCE Alkami Technology, Inc.

PR Newswire
Jun 24th, 2026
Landmark CU grows business banking profiles 55x with Alkami digital platform

Landmark Credit Union has achieved significant digital banking growth through its partnership with Alkami Technology, increasing business banking profiles more than 55-fold from 135 to over 7,800. The Wisconsin-based credit union also reported 22% year-over-year business deposit growth and generated over $150,000 in annual non-interest income from treasury services. After implementing Alkami's Digital Banking Platform, Landmark CU organised regional user groups in Brookfield, Wisconsin, bringing together community banks and credit unions to share digital banking strategies and best practices. The events included a student panel where Generation Z participants discussed banking preferences, emphasising the continued importance of trust alongside digital-first features. The credit union has leveraged Alkami's business and commercial capabilities to scale its commercial banking programme, transitioning from retail-based solutions to purpose-built business banking experiences.

PR Newswire
Jun 10th, 2026
Alkami integrates FDX API with Yodlee to advance open banking connectivity

Alkami Technology has integrated with Yodlee to transition data aggregation services to the Financial Data Exchange API standard, moving away from screen scraping towards more secure data sharing. The integration uses OAuth 2.0 authentication and is built into Alkami's digital banking platform. The partnership aims to improve performance, reduce friction and strengthen user control for financial institutions. Alkami positions itself as one of few digital banking platforms offering direct FDX API integrations at scale with major aggregators. The integration expands Alkami's aggregator ecosystem, delivering broader connectivity and enhanced data sharing for banks and credit unions. Gate City Bank, an early adopter, reported improved security and user experience with fewer disruptions. The collaboration reflects both companies' commitment to helping financial institutions deliver secure, reliable digital experiences through industry-standard data-sharing methods.

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