Alkami Technology Partners with Sturgis Bank to Enhance Account Opening Experience
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy ALKT?
Alkami Technology announced a new partnership between MANTL and Sturgis Bank to transform its account opening experience for business and retail customers. Through this partnership, Sturgis Bank will modernize onboarding across all physical and digital banking channels, reinforcing its commitment to delivering a seamless, efficient, and customer-centric experience while expanding accessibility and accelerating digital growth.
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Analyst Views on ALKT
Wall Street analysts forecast ALKT stock price to rise
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 16.570
Low
28.00
Averages
31.00
High
34.00
Current: 16.570
Low
28.00
Averages
31.00
High
34.00
About ALKT
Alkami Technology, Inc. is a cloud-based digital sales and service platform provider. The Company’s solution, the Alkami Digital Sales & Service Platform, consisting of the Alkami Digital Banking Platform, Onboarding & Account Opening, and Data & Marketing, allows financial institutions (Fis) to onboard, engage and grow new users, accelerate revenues and improve operational efficiency with the support of cloud-based, multi-tenant architecture. The Alkami Digital Sales & Service Platform provides FIs with a digital sales and service solution designed to facilitate and meet the needs of both retail and business users. It delivers the platform through purpose-built, cloud software as a service (SaaS) solution, enabling clients to avoid disruptive system-wide maintenance windows as well as testing projects during upgrades. The Alkami Digital Banking Platform is a multi-tenant, single-code-based, continuous delivery platform powered by cloud infrastructure.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Sturgis Bank Partners with Alkami to Enhance Customer Experience
- Account Opening Modernization: Sturgis Bank partners with MANTL to reduce retail customers' online deposit account opening time to under five minutes through an omnichannel solution, significantly enhancing customer experience and accelerating digital growth.
- Increased Business Flexibility: The new system allows businesses to securely open deposit accounts anytime and anywhere, utilizing QR codes and real-time account opening capabilities, thereby enhancing the bank's service capacity in local communities.
- Operational Efficiency Optimization: The MANTL platform automates over 85% of application decisions, including KYC and AML checks, reducing the need for manual reviews and allowing staff to focus on higher-value customer interactions.
- Strategic Partnership Significance: By collaborating with MANTL, Sturgis Bank not only improves service efficiency but also creates new opportunities for future deposit growth and community engagement, reflecting its commitment to building stronger customer relationships.
See More
Alkami Partners with Sturgis Bank to Enhance Customer Experience
- Account Opening Modernization: Sturgis Bank's partnership with Alkami will comprehensively upgrade its account opening process, reducing the time for retail customers to open deposit accounts online to under five minutes, significantly enhancing customer experience and accelerating digital growth.
- Omnichannel Solutions: By deploying MANTL's omnichannel account opening solutions, Sturgis Bank will achieve a seamless customer experience, enabling clients to securely open accounts anytime and anywhere, thereby enhancing its competitive position in the market.
- Operational Efficiency Boost: The MANTL platform automates over 85% of application decisions, including KYC and AML checks, reducing the need for manual reviews and allowing staff to focus on higher-value customer interactions and growth strategies, driving deposit growth.
- Enhanced Community Engagement: Sturgis Bank's
See More
Alkami Releases 2026 Digital Banking Performance Metrics Report
- Digital Adoption Growth: Alkami's report indicates a 9-point increase in mobile activations from 2022 to 2025, reflecting the ongoing growth of digital banking as a primary interaction channel, which is expected to enhance customer engagement and product sales.
- Digital Loan Applications: For the first time, over 50% of loan applications are submitted through digital channels, marking a milestone for digital lending, a trend that will help financial institutions improve operational efficiency and customer satisfaction.
- Business Banking Digital Status: 78% of business accounts are active in digital banking, with 75% actively using mobile banking applications; however, only 17% of financial institutions offer digital account opening, highlighting a gap between market demand and service supply.
- Importance of Performance Benchmarks: Alkami's VP Marla Pieton emphasizes that clear performance benchmarks are critical for financial institutions to make informed decisions, with the report providing banks and credit unions tools to assess their current digital strategies to meet consumer and business needs.
See More
Alkami Hosts Webinar on Anticipatory Banking Strategies
- Webinar Focus: Alkami will host a webinar titled 'Anticipatory Banking Starts Here: A Practical Path Forward' on May 14, 2026, aimed at helping financial institutions overcome challenges related to disconnected systems across digital banking, account opening, analytics, and marketing to enhance customer experience and drive growth.
- Account Opening Efficiency: Amy Krasikov, VP of Digital Experience at Raiz Federal Credit Union, stated that the implementation of MANTL Account Opening & Onboarding has reduced online account opening time to 4.5 minutes, eliminating friction in the user experience and fostering growth in digital banking relationships.
- Industry Leaders Sharing Insights: The webinar will feature industry leaders from Tri City National Bank, Raiz Federal Credit Union, and Educators Credit Union, who will share their practical experiences in digital transformation, emphasizing a phased approach that does not disrupt operations.
- Data-Driven Customer Relationships: George Dow, Senior Director of Solution Architecture at Alkami, highlighted that while many financial institutions have foundational tools to acquire and serve account holders, these systems were not designed to work together; connecting them allows for better anticipation of customer needs and delivery of more relevant service experiences.
See More
Alkami Hosts Webinar on Anticipatory Banking Strategies
- Webinar Focus: Alkami will host a webinar titled 'Anticipatory Banking Starts Here: A Practical Path Forward' on May 14, 2026, aimed at assisting financial institutions in transitioning to more proactive service models to address current market challenges.
- Digital Transformation Example: Amy Krasikov, VP of Raiz Federal Credit Union, noted that by implementing MANTL Account Opening & Onboarding, the online account opening time has been reduced to 4.5 minutes, significantly enhancing customer experience and fostering growth in digital banking relationships.
- Industry Leaders Insights: The webinar will feature executives from Tri City National Bank, Raiz Federal Credit Union, and Educators Credit Union, sharing their practical experiences and strategies in digital transformation, helping other institutions implement changes gradually without disrupting operations.
- Enhanced Customer Experience: Alkami's solutions aim to integrate onboarding, digital banking, and data marketing to reduce system fragmentation, improve visibility, and support more cohesive, data-informed interactions, enabling financial institutions to better meet customer needs.
See More
Alkami Technology to Present at J.P. Morgan Conference
- Executive Presentation: Alkami's CEO Alex Shootman and CFO Cassandra Hudson will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 18, 2026, showcasing the company's latest advancements in fintech, which is expected to attract investor and industry attention.
- Webcast Availability: The event will feature a webcast and replay accessible via Alkami's investor relations website, enhancing interaction with investors and improving transparency and trust in the company's operations.
- Digital Platform Benefits: Alkami's digital sales and service platform integrates onboarding, digital banking, and data marketing, assisting U.S. banks and credit unions in enhancing customer relationship management and adapting to the anticipated banking model of the future, thereby driving business growth.
- Clear Market Positioning: As the financial industry shifts towards digital transformation, Alkami's technological solutions not only meet immediate banking needs but also provide strategic advantages in a competitive market, positioning the company for greater market share in the future.
See More
Sturgis Bank Partners with Alkami to Enhance Customer Experience
- Account Opening Modernization: Sturgis Bank partners with MANTL to reduce retail customers' online deposit account opening time to under five minutes through an omnichannel solution, significantly enhancing customer experience and accelerating digital growth.
- Increased Business Flexibility: The new system allows businesses to securely open deposit accounts anytime and anywhere, utilizing QR codes and real-time account opening capabilities, thereby enhancing the bank's service capacity in local communities.
- Operational Efficiency Optimization: The MANTL platform automates over 85% of application decisions, including KYC and AML checks, reducing the need for manual reviews and allowing staff to focus on higher-value customer interactions.
- Strategic Partnership Significance: By collaborating with MANTL, Sturgis Bank not only improves service efficiency but also creates new opportunities for future deposit growth and community engagement, reflecting its commitment to building stronger customer relationships.
See More
Alkami Partners with Sturgis Bank to Enhance Customer Experience
- Account Opening Modernization: Sturgis Bank's partnership with Alkami will comprehensively upgrade its account opening process, reducing the time for retail customers to open deposit accounts online to under five minutes, significantly enhancing customer experience and accelerating digital growth.
- Omnichannel Solutions: By deploying MANTL's omnichannel account opening solutions, Sturgis Bank will achieve a seamless customer experience, enabling clients to securely open accounts anytime and anywhere, thereby enhancing its competitive position in the market.
- Operational Efficiency Boost: The MANTL platform automates over 85% of application decisions, including KYC and AML checks, reducing the need for manual reviews and allowing staff to focus on higher-value customer interactions and growth strategies, driving deposit growth.
- Enhanced Community Engagement: Sturgis Bank's
See More
Alkami Releases 2026 Digital Banking Performance Metrics Report
- Digital Adoption Growth: Alkami's report indicates a 9-point increase in mobile activations from 2022 to 2025, reflecting the ongoing growth of digital banking as a primary interaction channel, which is expected to enhance customer engagement and product sales.
- Digital Loan Applications: For the first time, over 50% of loan applications are submitted through digital channels, marking a milestone for digital lending, a trend that will help financial institutions improve operational efficiency and customer satisfaction.
- Business Banking Digital Status: 78% of business accounts are active in digital banking, with 75% actively using mobile banking applications; however, only 17% of financial institutions offer digital account opening, highlighting a gap between market demand and service supply.
- Importance of Performance Benchmarks: Alkami's VP Marla Pieton emphasizes that clear performance benchmarks are critical for financial institutions to make informed decisions, with the report providing banks and credit unions tools to assess their current digital strategies to meet consumer and business needs.
See More
Alkami Hosts Webinar on Anticipatory Banking Strategies
- Webinar Focus: Alkami will host a webinar titled 'Anticipatory Banking Starts Here: A Practical Path Forward' on May 14, 2026, aimed at helping financial institutions overcome challenges related to disconnected systems across digital banking, account opening, analytics, and marketing to enhance customer experience and drive growth.
- Account Opening Efficiency: Amy Krasikov, VP of Digital Experience at Raiz Federal Credit Union, stated that the implementation of MANTL Account Opening & Onboarding has reduced online account opening time to 4.5 minutes, eliminating friction in the user experience and fostering growth in digital banking relationships.
- Industry Leaders Sharing Insights: The webinar will feature industry leaders from Tri City National Bank, Raiz Federal Credit Union, and Educators Credit Union, who will share their practical experiences in digital transformation, emphasizing a phased approach that does not disrupt operations.
- Data-Driven Customer Relationships: George Dow, Senior Director of Solution Architecture at Alkami, highlighted that while many financial institutions have foundational tools to acquire and serve account holders, these systems were not designed to work together; connecting them allows for better anticipation of customer needs and delivery of more relevant service experiences.
See More
Alkami Hosts Webinar on Anticipatory Banking Strategies
- Webinar Focus: Alkami will host a webinar titled 'Anticipatory Banking Starts Here: A Practical Path Forward' on May 14, 2026, aimed at assisting financial institutions in transitioning to more proactive service models to address current market challenges.
- Digital Transformation Example: Amy Krasikov, VP of Raiz Federal Credit Union, noted that by implementing MANTL Account Opening & Onboarding, the online account opening time has been reduced to 4.5 minutes, significantly enhancing customer experience and fostering growth in digital banking relationships.
- Industry Leaders Insights: The webinar will feature executives from Tri City National Bank, Raiz Federal Credit Union, and Educators Credit Union, sharing their practical experiences and strategies in digital transformation, helping other institutions implement changes gradually without disrupting operations.
- Enhanced Customer Experience: Alkami's solutions aim to integrate onboarding, digital banking, and data marketing to reduce system fragmentation, improve visibility, and support more cohesive, data-informed interactions, enabling financial institutions to better meet customer needs.
See More
Alkami Technology to Present at J.P. Morgan Conference
- Executive Presentation: Alkami's CEO Alex Shootman and CFO Cassandra Hudson will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 18, 2026, showcasing the company's latest advancements in fintech, which is expected to attract investor and industry attention.
- Webcast Availability: The event will feature a webcast and replay accessible via Alkami's investor relations website, enhancing interaction with investors and improving transparency and trust in the company's operations.
- Digital Platform Benefits: Alkami's digital sales and service platform integrates onboarding, digital banking, and data marketing, assisting U.S. banks and credit unions in enhancing customer relationship management and adapting to the anticipated banking model of the future, thereby driving business growth.
- Clear Market Positioning: As the financial industry shifts towards digital transformation, Alkami's technological solutions not only meet immediate banking needs but also provide strategic advantages in a competitive market, positioning the company for greater market share in the future.
See More
