Financial institutions can now grow deposits and primacy with Spiral’s solutions in Alkami’s Digital Banking Platform
Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”) today announced a strategic partnership with Spiral, a fintech that transforms everyday banking into a powerful driver of savings and community impact. This partnership enables Alkami customers to add Spiral’s innovative tools to their digital banking experience, enabling account holders to automatically increase their savings and easily give back to their community directly through everyday purchases and banking accounts.
“Enhancing the digital experience for our members is a top priority for Texans Credit Union,” said Matt Moore, senior vice president, retail at Texans Credit Union. “Spiral proved to be the perfect fit with its intuitive design, seamless Alkami integration, and quick implementation that made it easy to deliver a feature our members love. Within 48 hours of launch, over 1,000 members enrolled in the Roundup program, and many began donating to charity through the Giving Center. We’re thrilled with the early results and excited to see even more members engage.”
“Partnering with Spiral allows financial institutions to differentiate themselves with solutions that their account holders value,” said Josh Winstead, vice president, corporate development at Alkami. “By integrating Spiral’s tools, we are helping banks and credit unions give account holders new ways to reach their financial goals and make a positive community impact.”
Spiral’s embedded experiences provide digital widgets and marketing tools that can help drive more frequent card usage, increase fee income and deposits, and help account holders easily save for life goals. Through the Roundup Center, account holders can automatically round up their everyday purchases and direct the spare change toward their savings or support their favorite charitable causes and nonprofits. Spiral’s personalized Giving Center enables account holders to support more than 1.5 million nonprofits, both local and national, directly from their digital banking application. They also receive real-time donation receipts and year-end tax reports. Financial institutions can host digital community fundraisers, allowing account holders and employees to give back with confidence.
“Our mission is to help people build better lives through banking,” said Shawn Melamed, chief executive officer and co-founder of Spiral. “Together with Alkami, we’re helping financial institutions accelerate growth, increase loyalty, and make a difference in the communities they serve.”