Alkami Technology Strengths, Domain Expertise, and Key Differentiators
Alkami Technology is a provider of cloud-based digital banking solutions for financial institutions across the United States. The company empowers its clients to drive growth, adapt to changing market dynamics, and foster robust digital communities. Alkami delivers transformative capabilities across retail and business banking, digital onboarding and account opening, payment security, and data-driven marketing solutions.
Alkami Technology Recent Developments
In April 2024, Alkami introduced its latest innovation for clients: the SDK Wizard, named “Merlin.” This strategic tool represents a significant advancement in the financial services industry, enabling developers to configure and activate their environments in minutes rather than days.
Alkami Technology Mergers and Acquisitions (M&A) Activities
In February 2025, Alkami entered into a definitive agreement to acquire Fin Technologies, Inc. The transaction will be funded through approximately $380 million in cash, along with the issuance of restricted stock units valued at approximately $13 million. These restricted stock units will be granted to continuing MANTL employees in lieu of unvested compensatory stock options, effective at the time of closing.
MANTL is an account opening platform that enables financial institutions to seamlessly acquire commercial, business, and retail customers across all channels and for virtually any type of deposit account. The integration of MANTL with Alkami’s Digital Banking and Data & Marketing Solutions will establish a best-in-class digital sales and service platform for financial institutions.
Alkami Technology Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Alkami Technology applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Alkami Technology and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Alkami Digital Banking Platform, MANTL Digital Account Opening customers.
Alkami Technology Overview
5601 Granite Parkway Ste. 120
Plano, TX, 75024, United States
1 877-725-5264
https://www.alkami.com/
Ownership: - NASDAQ: ALKT
Number of Employees: 938
Functional Markets: CRM, ERP Services and Operations,
Key Verticals: Banking and Financial Services,
Alkami Technology Key Enterprise and Cloud Applications
Alkami Digital Banking Platform, MANTL Digital Account Opening
Alkami Technology Revenues, $M:
| Type/Year | 2023 | 2024 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Alkami Technology Revenue Breakdown By Type, $M:
Alkami Technology Enterprise Applications Revenues By Functional Markets, $M:
Alkami Technology Enterprise Applications Revenues By Verticals, $M:
Alkami Technology Revenues By Region, $M
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 Enterprise Applications Revenues, $M | 2024 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Alkami Technology Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Alkami Technology Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Alkami Technology Customers
No. of Alkami Technology Customers: 750
No. of Alkami Technology Enterprise Applications Customers: 750
No. of Alkami Technology Cloud Customers: x
No. of Alkami Technology Cloud Subscribers: x
As of December 2024, Alkami served 272 financial institutions through its Digital Banking Platform. When including clients subscribing exclusively to one or a combination of Alkami’s complementary solutions—ACH Alert, MK Decision, or Segmint—the total client base exceeds 750 unique institutions.
Alkami’s client portfolio includes a diverse range of financial institutions, such as STAR Bank, Gulf Coast Educators Federal Credit Union, Florida Credit Union, NASA Federal Credit Union, Direct Federal Credit Union, among others.
Alkami Technology Market Opportunities, M&A and Geo Expansions
Alkami Technology has significant opportunities to expand its market presence by targeting underserved community banks and credit unions seeking digital transformation, while deepening client relationships through integrated, cross-sellable banking and marketing solutions. Strategic partnerships focused on youth financial education, such as with Greenlight, enable Alkami to engage younger demographics and foster long-term customer loyalty.
Additionally, leveraging data analytics and AI can enhance personalized banking experiences, while growth in open banking and API ecosystems presents avenues for innovation and third-party collaboration. International expansion and strengthening cybersecurity and compliance offerings further position Alkami to meet evolving industry demands and capture new markets.
Alkami Technology Risks and Challenges
The Alkami Digital Banking Platform is a sophisticated solution that may encounter defects or errors during implementation, the release of new features, or when modifications, enhancements, upgrades, or system changes are introduced. As Alkami evolves its business and adapts to technological advancements and industry trends, it must continuously update its systems, procedures, and controls to ensure platform reliability and performance.
Alkami Technology Ecosystem, Partners, Resellers and SI
In early March 2025, Alkami partnered with Greenlight Financial Technology, a family-focused fintech company dedicated to equipping children and teens with essential money management skills. Research shows that financial habits begin to form as early as age seven, and Greenlight’s platform provides a hands-on, educational experience in personal finance, guided by parental oversight.
Through this partnership, Alkami’s financial institution clients can now offer their account holders access to Greenlight’s debit card and mobile finance app. This integration empowers young users to earn, save, spend responsibly, and give, while also creating new opportunities for banks and credit unions to grow deposit relationships and engage the next generation of customers.
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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