Alkami Technology, a top-tier cloud-based digital banking solutions provider serving U.S. financial institutions, has entered a strategic partnership with Atomic, a leading figure in payroll connectivity.
The primary aim of this partnership is to equip financial institutions with a state-of-the-art direct deposit switching solution. This will empower account holders to effortlessly link their payroll accounts with any financial institution of their choice.
Alkami Technology, Inc. focuses on delivering cloud-based digital banking solutions to financial institutions across the United States. Their services are tailored to help these institutions swiftly adapt, confidently grow, and nurture prosperous digital communities. On the other hand, Atomic stands as the predominant force in providing payroll connectivity solutions, having earned the trust of over 195 financial institutions and millions of customers.
Integral to this collaboration, Atomic’s pioneering direct deposit switch will be embedded into Alkami’s Digital Banking Platform. This integration is set to streamline the process for community and regional financial institutions, allowing them to present their account holders with a fast and user-friendly method for setting up and migrating direct deposits. This modern approach eliminates the need for cumbersome paper processes, significantly shortens the usual waiting periods, and slashes deposit acquisition costs.
Texans Credit Union, a major financial entity serving North Texas, has expressed its enthusiasm for this partnership. They believe that the innovative workflow designed by Alkami and Atomic holds the potential to redefine digital banking experiences by simplifying the direct deposit process.
Alkami’s vice president of corporate development, Adam Craig said, “We are excited to partner with Atomic to offer our customers this valuable solution. The true power of the Alkami platform is in the extensibility it offers financial institutions to grow with best-in-class partners and solutions like Atomic.
“FinTech partnerships like these give financial institutions the tools they need to earn primary financial institution status and maintain that status as they scale to meet the growing needs of their account holders.”
Texans Credit Union’s senior vice president, Matt Moore, remarked, “We were excited to learn that Alkami partnered with Atomic. Their workflow modernises a legacy process that has been a standard for quite some time so that digital banking users can change their direct deposit with just a few clicks. We chose to partner with Atomic and Alkami to deepen member relationships, grow deposits, reduce call centre volume, and create stickiness with our members.”
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