#United States #Texas #digital banking #Alkami Technology #Spiral Fintech

Alkami and Spiral Partnership: A New Era in Digital Banking

In a significant move, Alkami Technology, Inc. and Spiral have announced a new partnership aimed at enriching the digital banking experience for users. With Alkami’s expertise as a leading provider of digital sales and service platforms and Spiral’s innovative fintech solutions, the collaboration is set to transform everyday banking into a powerful driver of savings and community involvement.

Revolutionizing Customer Experience

Alkami, noted for its extensive services across U.S. financial institutions, has consistently focused on enhancing user engagement. By integrating Spiral's solutions, Alkami is offering its customers new methods for members to enhance their savings effortlessly while also giving back to their communities through everyday transactions. This initiative has the potential to significantly raise user engagement and satisfaction across participating credit unions and banks.

According to Matt Moore, senior vice president of retail at Texans Credit Union, one of Alkami's clients, enhancing the digital experience for members has always been a top priority. Moore stated, “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.” In fact, within just 48 hours of launching the Roundup program, more than 1,000 members had enrolled, demonstrating the immediate impact and appeal of these new tools.

Innovative Tools for Savings and Giving

Spiral’s tools are designed to provide users with unique functionalities that facilitate automated savings features and options for charitable giving. Account holders can benefit from the Roundup Center, where their everyday purchases are rounded up to the nearest dollar. The spare change can then be directed either to personal savings or charitable donations, effectively merging financial management with community support.

Furthermore, the Giving Center allows account holders to contribute to over 1.5 million nonprofits, offering them real-time donation receipts and even year-end tax reports. These capabilities empower users not only to manage their finances better but also to make meaningful contributions to causes they care about, enhancing the overall community impact.

Strengthening Financial Institutions

Josh Winstead, vice president of corporate development at Alkami, emphasized that this partnership empowers financial institutions to stand out in a competitive marketplace. By embedding Spiral’s tools into their offerings, banks and credit unions can provide value that members genuinely appreciate, driving not only financial growth but also community engagement.

Winstead noted, “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.” This alignment underscores how technology can be harnessed effectively to benefit both the financial institutions and their customers.

Community-Centric Banking

Spiral’s mission reflects a commitment to enhancing the lives of individuals through personalized banking experiences. The CEO and co-founder of Spiral, Shawn Melamed, stated, “Our mission is to help people build better lives through banking.” This partnership with Alkami is seen as a significant step towards fostering growth, loyalty, and community contributions from financial institutions.

The collaboration promises to accelerate financial institutions' growth while helping them establish lasting relationships with their account holders, all while making a difference in the communities they serve. As banks and credit unions face increasing pressure to innovate and engage their customers meaningfully, partnerships like that of Alkami and Spiral represent a forward-thinking approach to modern banking.

Conclusion

In conclusion, the Alkami and Spiral partnership marks a pivotal shift in the digital banking landscape. By prioritizing savings growth and community impact, these two entities are setting new standards in how everyday banking can empower users to improve their financial health and support the causes they love. Financial institutions looking to elevate their offerings and engage their members can look to this collaboration for inspiration.

For more information on Alkami’s digital sales and service platform, visit their website. Together with Spiral, they are redefining what is possible in the realm of digital banking, and paving the way for a future where financial institutions actively contribute to societal well-being.