Plano, TX, May 15, 2017 – After Alkami Technology, Inc.’s successful client conference last month, the digital banking provider announced it has experienced substantial growth over the last year. Not only has the company met several notable milestones, but it also experienced a 58 percent increase in attendance at its annual conference compared to the previous year, demonstrating a strong and growing demand for its ORB digital banking platform.
Since January 2016, Alkami has:
- Increased its total live client base by 38%;
- Grown its live users by 103%, with approximately 2.2 million users now live on ORB; and
- Grown its contracted users by 51%, with approximately 3.4 million total users contracted.
In 2016 alone, the company added 15 new clients, including Phoenix, Ariz.-based Desert Schools Federal Credit Union; Denver-based Bellco Credit Union; New York-based Bethpage Federal Credit Union; SECU of Maryland, headquartered in Linthicum, MD and many others.
To support Alkami’s rapid growth, the company increased its employee base by 48 percent since January 2016. Alkami also made several key hires, including Mark Haney as Chief Technology Officer and the promotion of Mary Nelson as Chief Delivery Officer. Starting the year strong, Alkami added 45 employees in the first quarter of 2017.
Alkami is an innovator in providing the ultimate in digital banking to the marketplace by enhancing the overall experience and increasing the value of the digital channel to the user and the financial institution with its flagship product, the ORB platform. The success of ORB is demonstrated by the ongoing growth of its platform, which is on track to continue rising in popularity and demand.
“Digital banking usage continues to outpace branch banking,” said Stephen Bohanon, founder, chief strategy and sales officer of Alkami Technology. “In fact, Javelin recently forecasted that 81 percent of U.S. adults will use mobile banking by 2020. There is truly no end in sight for the demand of digital services, and Alkami continues to see tremendous growth, indicating strong demand for our platform specifically.”
Bohanon continued, “But financial institutions cannot just simply offer digital banking services. They must differentiate themselves in the marketplace by strategically and intelligently improving the user experience. To remain competitive, many financial institutions have turned to us to improve the experience and deliver the ultimate digital banking platform – not just a banking app to check account balances. They are revolutionizing the digital space and we’re excited to be a part of that venture.”
About Alkami Technology
Alkami Technology, Inc. provides online and mobile banking solutions for credit unions and banks. Based in Plano, Texas, the company’s flagship product, the ORB Platform, delivers security, flexibility, extensibility and a superior architecture for the future of digital banking. With its modern interface, intelligent content delivery system and customizable feature set, the ORB Platform is the ultimate digital banking solution for financial institutions. Alkami provides the ORB Platform as a SaaS solution. For more information about Alkami, please visit www.alkamitech.com, visit them on LinkedIn at www.linkedin.com/company/alkami-technology or on Twitter at @alkamitech.