“Partnership to Enhance Functionality for Financial Institutions”

Alkami Technology, Inc. (Nasdaq: ALKT), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., has announced a new partnership with SWIVEL. Through Alkami’s integration with SWIVEL’s Transaction Enablement™ Platform, bank and credit union clients can now offer their account holders a range of loan payment options with greater convenience and flexibility.

Jason O’Brien, chief executive officer at SWIVEL, highlighted the significance of this partnership in addressing the challenges faced by financial institutions in providing payment options for consumers. The collaboration aims to streamline the payment experience for account holders, allowing for self-serve payments with various methods and types.

SWIVEL’s Payments Processing solution provides financial institutions with a seamless way to process automated clearing house (ACH) and card-based payments. As a result of the partnership, Alkami’s clients can benefit from a flexible payment experience, decreased call center volume, streamlined payment processing, and a secure, white-labeled payment portal optimized for web and mobile.

Jeff Chen, vice president of product management at Alkami, emphasized the importance of the partnership in offering clients more choices and flexibility in payment options. This collaboration underscores Alkami’s dedication to partnering with innovative fintech companies to enhance the overall banking experience for financial institutions and their customers.