Partnership will give financial institutions the ability to extend buy, sell and hold functionalities for Bitcoin
Alkami Technology Inc. (Nasdaq: ALKT) (“Alkami”), a leading cloud-based digital banking solutions provider for U.S. banks and credit unions, is pleased to announce that NYDIG, a leading technology and financial services firm that provides a secure, regulated custodial and trading platform for Bitcoin, has joined their Gold Partner Program (GPP).
“NYDIG is an exciting addition to our GPP. It will give us the opportunity to provide banks and credit unions with the ability to offer digital currency functionalities under their own brand,” said Stephen Bohanon, Chief Strategy & Sales Officer, Alkami. “With the addition of the NYDIG solution to the Alkami Platform, Alkami’s clients can provide secure Bitcoin services that consumers and businesses can easily access and interact with through the Alkami Platform.”
Traditionally, end-users have been required to establish new financial relationships to manage their crypto holdings – often with unregulated entities. Now, they will have an option to acquire, sell, hold, and manage bitcoin alongside their traditional assets. In turn, FIs have a new path to generate new, non-interest income and an additional opportunity to retain and attract customers and their deposits.
“The demand for and utilization of digital currencies have expanded exponentially in recent months, leaving many FIs struggling to keep pace and retain these deposit streams within their institution,” said Bohanon. “Alkami’s partnership with NYDIG further supports our mission to enable FIs to compete directly against the megabanks and challenger banks to capture this valuable market.”
NYDIG’s platform enables FIs to seamlessly offer their customers and members bitcoin products and services, in a manner that meets the highest regulatory standards.
Building a Network of Digital Banking Success
The partnership with NYDIG represents a critical addition to Alkami’s robust ecosystem of fintech partners and its Gold Partnership Program. The Gold Partnership Program represents Alkami’s ongoing investment to ensure its clients achieve digital banking success by delivering the most advanced cloud-based digital banking platform available.
“Our clients are among the fastest growing in the country, in part, because they are early technology adopters. We recognize the strategic importance of embracing the best of fintech innovation and bringing the right partners into the Alkami platform,” said Bohanon.
The Gold Partner Program nurtures an ecosystem that connects the right fintech partners to Alkami’s client base of banks and credit unions. The program is integral to identifying and prioritizing the most beneficial solution partnerships and then recommending those partners to the Alkami client community.