Alkami Technology (Nasdaq: ALKT) just claimed the top spot as the #1 digital banking solution for credit unions in the U.S.
But wait, there’s more—they’re also now the fastest-growing digital banking platform for banks. Talk about having your cake and eating it too.
The data comes from FI Navigator, a company that basically does the heavy lifting when it comes to tracking banking industry analytics. They ranked Alkami at the top for credit unions based on retail mobile banking enrolled users, and tagged them as the speediest grower for banks when looking at net market growth across retail mobile banking clients and deposit accounts.
“Digital banking has become foundational to a financial institution’s growth strategy,” said Alex Shootman, Alkami’s CEO. Translation? If your bank or credit union isn’t nailing the digital experience in 2024, you’re bringing a flip phone to a smartphone fight.
The Proof Is in the Performance
Now, before you write this off as just another company tooting its own horn, let’s talk numbers. FI Navigator’s data reveals something pretty compelling: credit unions that have been using Alkami’s platform for five years or longer are absolutely crushing it compared to their peers.
Here’s the breakdown of how these Alkami-powered credit unions are outperforming national averages:
- 1.3x faster asset growth
- 1.9x more deposit account growth
- 2x member growth (yes, double)
- 1.7x deposit balance growth
- 1.4x revenue growth
- 1.4x loan growth
Those aren’t just incremental improvements—they’re the kind of numbers that make board members do a double-take during quarterly reviews.
Why This Matters
Curry Pelot, CIO and founder at FI Navigator, put it pretty simply: “Alkami’s continued leadership in credit union market share and momentum in the bank market highlight the value of a digital banking platform that helps financial institutions grow, compete, and better serve their account holders.”
What makes Alkami’s platform stand out isn’t just one flashy feature. They’ve built an ecosystem that brings together everything from onboarding and account opening to data analytics, marketing tools, business banking, payment security, and a whole network of integrated partner capabilities. Think of it as the Swiss Army knife of digital banking—everything you need in one place, working together instead of in silos.
The bottom line? Financial institutions partnering with Alkami aren’t just keeping up with the digital transformation everyone keeps talking about. According to this data, they’re actually using it to pull ahead of the pack. And in an industry where standing still means falling behind, that’s worth paying attention to.