ALKT

Alkami Technology, Inc. provides cloud-based digital banking solutions to financial institutions across the United States. Headquartered in Plano, Texas, the company serves regional banks and credit unions with a comprehensive platform that enables online and mobile banking, account opening, payment solutions, and data analytics capabilities. Alkami's software-as-a-service (SaaS) model delivers digital banking experiences designed specifically for institutions with $500 million to $50 billion in assets, positioning the company in a market segment often underserved by larger banking technology providers. The company operates a subscription-based business model, generating revenue primarily through recurring platform fees and implementation services. As of recent reporting, Alkami serves over 200 financial institutions representing more than 16 million registered users on its platform. The company emphasizes continuous innovation in areas including artificial intelligence-driven personalization, security features, and integrated financial management tools. Alkami went public in April 2021 through an initial public offering on Nasdaq under the ticker symbol ALKT. The company employs approximately 1,400 professionals and maintains operations from its Texas headquarters. Recent strategic initiatives focus on expanding its client base among mid-sized financial institutions, enhancing platform capabilities through organic development, and integrating emerging technologies to help community-based financial institutions compete effectively with larger national banks and fintech challengers in the digital banking space.