Cloud-based digital banking solutions provider Alkami Technology has announced that US-based Liberty Bank has launched the Alkami digital banking platform.
The launch enables Liberty Bank to switch nearly 150,000 of its customer base to the single platform for business, retail, and mobile banking.
According to Alkami Technology, the shift to its digital banking platform is a significant move in Liberty Bank’s full technology stack upgrade.
The Connecticut-based mutual bank aims to offer seamless user experience and innovative products to its clients while strategically positioning itself for future development.
With the Alkami digital banking platform, Liberty Bank is expected to utilise data to improve personalised communication channels for both its business and retail customers.
Liberty Bank executive vice president, general manager and chief digital officer David Mitchell said: “We chose Alkami as a strategic partner for many reasons. They are the leading provider with a single platform for retail and business customers with a growing customer base of likeminded strategically driven financial institutions.
“Alkami’s vision for the future of digital banking closely aligns with our business strategy; and, perhaps most importantly, they have demonstrated true commitment and a proven ability to continuously deliver new solutions that will enable us to rise above our competition now and well into the future.”
Alkami Technology stated that the banking platform has the extensibility for long-term integrations as a core component to the bank’s larger tech stack.
Based in the US, the cloud-based digital banking solutions provider supports its customers in transforming through digital account opening and digital loan origination, retail and business banking, payment security, and data analytics and marketing solutions.
Alkami Technology co-founder and chief strategy and product officer Stephen Bohanon said: “Financial institutions can no longer piecemeal their digital transformation efforts, they must consider the entire account holder experience.
“A complete digital sales and service platform enables the exceptional experience that FIs need to provide today: one that rivals burgeoning fintech companies and even those of non-banking platforms like Amazon.
“Liberty Bank has risen to this challenge, and we are thrilled to be an integral part of their transformation. We look forward to further innovating digital banking together.”
Earlier this month, Maine-based Kennebec Savings Bank also launched the Alkami digital banking platform to offer a frictionless digital banking experience across its customer base.
