Alkami partners with SWIVEL for enhanced loan payments

PLANO, Texas - Alkami Technology, Inc. (NASDAQ: ALKT), a prominent provider of digital banking solutions, has partnered with SWIVEL to integrate loan payment capabilities into its platform. This collaboration enables Alkami's clients, including banks and credit unions, to offer their account holders a self-serve loan payment experience with a variety of payment methods and types.

SWIVEL's Transaction Enablement™ Platform will provide a streamlined payment process for account holders, allowing them to make loan payments through automated clearing house (ACH) and card-based transactions. The partnership is expected to reduce call center volumes, increase payment volume and adoption, and consolidate all payment channels into a single source for direct loan payment posting.

Jason O'Brien, CEO of SWIVEL, emphasized the value of the partnership in addressing the lack of integrated payment options in the financial sector. The partnership promises a convenient and secure transaction experience, which includes a white-labeled loan payment portal optimized for both web and mobile use, as well as unusual activity monitoring services.

Jeff Chen, vice president of product management at Alkami, highlighted the partnership's alignment with the company's commitment to enhancing the payment experience for their clients' account holders. Alkami's collaboration with SWIVEL also underscores its strategy of partnering with innovative fintech companies to provide seamless back-end experiences for financial institutions.

Alkami is known for its cloud-based digital banking solutions that support client growth, adaptability, and community building through various services, including retail and commercial banking, digital account opening, and data and marketing solutions.

SWIVEL, a subsidiary of SWBC and a provider of specialized transaction enablement solutions, focuses on reducing friction for financial transactions while managing risks associated with digital payments processing.

The information for this article is based on a press release statement.

As Alkami Technology, Inc. (NASDAQ: ALKT) forges ahead with strategic partnerships to enhance digital banking solutions, the company's financial health and market performance remain key factors for investors. According to recent data from InvestingPro, Alkami holds a market capitalization of approximately $2.24 billion. Despite not being profitable over the last twelve months, the company has shown impressive revenue growth of nearly 29.65% in the same period, indicating an expanding market presence and the potential for future profitability.

InvestingPro Tips suggest optimism, with five analysts having revised their earnings upwards for the upcoming period, signaling confidence in Alkami's growth trajectory. Additionally, the company's liquid assets exceed its short-term obligations, providing financial flexibility. An InvestingPro Tip also highlights that Alkami operates with a moderate level of debt, which may offer stability in its financial structure. However, investors should note that Alkami is trading at a high revenue valuation multiple and a high Price / Book multiple of 7.11 as of the last twelve months ending Q1 2023.

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For those considering investing in Alkami, there are additional InvestingPro Tips available, providing deeper insights into the company's financials and market performance. By using the coupon code PRONEWS24, investors can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription to access these valuable tips and make more informed decisions.

The company's stock has experienced a large price uptick over the last six months, with a six-month price total return of 32.64%. Furthermore, analysts predict the company will be profitable this year, which could be a turning point for Alkami. With the next earnings date approaching on May 2, 2024, investors will be keenly watching for signs of continued growth and profitability.

For a comprehensive analysis of Alkami Technology and access to exclusive InvestingPro Tips, visit https://www.investing.com/pro/ALKT. There are currently nine additional tips listed in InvestingPro, offering a more detailed perspective on the company's financial health and market position.

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