Nutmeg State Financial Credit Union, a community-focused financial institution in Connecticut, has partnered with Alkami Technology, a leading provider of cloud-based digital banking solutions in the U.S.
This partnership aims to enhance the digital banking capabilities offered to the credit union’s members.
The partnership was formed to advance Nutmeg State Financial Credit Union’s digital-first strategy, enabling the credit union to provide its members with comprehensive online and mobile banking services. These include account aggregation, financial wellness education, and a range of personalized banking services.
Alkami specializes in developing digital tools that cater to the needs of financial institutions looking to offer robust, user-friendly digital banking experiences. Their platform includes features like instant loan payments, powerful account monitoring, and integrated payment options, which rival those of the largest megabanks in terms of capabilities.
Nutmeg State Financial Credit Union is dedicated to exceptional member service, a commitment cultivated over nearly a century. The Alkami Digital Banking Platform allows the credit union to leverage enhanced data and analytics to tailor their services more effectively to member needs, informing future products and service decisions.
The partnership also involves integration with other FinTech companies, ensuring Nutmeg State can maintain competitive digital services. This collaboration underscores both Nutmeg State’s and Alkami’s commitment to leveraging technology for better customer experiences and financial service innovation.
Nutmeg State Financial Credit Union chief experience officer Greg Angelillo said, “After nearly two years of planning and a thorough review of best-in-class providers, we applied a rigorous scoring methodology to select a solution that aligns strategically with our vision. Our new mobile banking Platform represents a significant step forward in advancing our digital-first commitment to our members. It enhances our ability to continuously explore innovative, forward-thinking solutions to meet the evolving financial needs of both our members and their families.”
Jeff Chen, chief of staff, Product at Alkami, said, “Digital banking solutions remain one of the true differentiators for account holders across the country as they assess what financial institutions to trust with their finances. We are proud to provide the critical digital capabilities that help advance financial institutions forward in their digital banking journey.
“Partnering with institutions like Nutmeg State Financial Credit Union showcases how we can collaborate to deliver a seamless and exceptional digital banking experience to their members.”
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