Alkami and Array form partnership to help banks and credit unions increase digital engagement

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PLANO, Texas–(BUSINESS WIRE)–Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a cloud-based leader digital banking solutions provider for banks and credit unions in the United States, today announced a partnership with Deploy, a leading financial innovation platform. Under this partnership, Alkami will offer Array products to Alkami customers, including My Credit Manager, ID Protect and Offers Engine.

“Improving the digital banking experience is a top priority for banks and credit unions,” said Stephen Bohanon, Founder, Chief Strategy and Product Officer, Alkami. “Our partnership with Array enables banks and credit unions to provide value-added products to account holders, which also increases engagement and potentially revenue.”

The Alkami platform provides financial institutions with a complete digital banking solution for user onboarding, engagement and account management. Alkami customers can enhance the platform with upgrades and customize the experience with additional Alkami products as well as third-party solutions like Array.

The Array platform supports financial literacy and offers solutions that help account holders understand, manage and protect their credit. With My Credit Manager, users can receive score change alerts, interact with a score simulator, view credit score factors and debt analysis components. ID Protect includes identity monitoring, insurance and restoration services that help protect users against fraud. This includes Dark Web monitoring, alerts and identity theft restoration services.

Additionally, Alkami’s institutional clients can leverage Offers Engine to market their services to account holders. It helps banks and credit unions target users with actionable offers based on the user’s individual credit data attributes and paired with the appropriate credit products, which improves relevance and likelihood of approval.

“Now is the time for community banks and credit unions to accelerate their digital transformation so they can continue to deliver a differentiated level of personalized service,” said Martin Toha, co-founder and CEO of Array. “Today’s formula for success for personalized service includes a mix of in-branch experiences and digital tools that add value to account holders every time they connect. Alkami and Array make it easier than ever to help banks and credit unions deploy a cohesive roadmap of innovative digital products for account holders.

For more information, customers are advised to contact their Alkami representative.

About the board

Array is a leading financial innovation platform that helps digital brands, financial institutions, and fintechs quickly bring compelling consumer products and features to market. Array’s products improve financial literacy and increase digital engagement with customers. Array’s platform enables its clients to deepen their relationships with customers and better understand their needs to deliver critical information at the right time. The company has customers in multiple market segments serving millions of active users. Array was founded in 2020 by Martin Toha and Phillip Zedalis and its investors include Battery Ventures, General Catalyst and Nyca Partners. To find out more visit www.array.com.

About Alkami

Alkami Technology, Inc. is a leading provider of cloud-based digital banking solutions for financial institutions in the United States, enabling customers to grow with confidence, adapt quickly, and build thriving digital communities. Alkami helps clients transform through retail and enterprise banking, digital account opening and loan origination, multi-payment fraud prevention, and analytics and engagement solutions of data. To learn more, visit www.alkami.com.

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