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In a recent transcript from the Citi FinTech Conference, Alkami Technology’s CEO and CFO provided an overview of their business and the market opportunity they are targeting. Alkami is a provider of cloud-based digital banking solutions for financial institutions. They aim to help banks and credit unions modernize their digital banking experience, offering features such as mobile banking, online account opening, and bill pay.
Some key takeaways from the transcript include:
- Alkami sees a significant market opportunity in the digital banking space, with the potential to serve over 10,000 financial institutions in the United States alone.
- The company is focused on providing a comprehensive digital banking platform that can help financial institutions compete with larger players in the industry.
- Alkami differentiates itself through its user-friendly interface, customizable features, and ability to integrate with other banking systems.
- They have experienced strong revenue growth in recent years, with a compound annual growth rate of over 50%.
- Alkami has a strong track record of customer retention, with a 97% retention rate.
- The company is investing in research and development to continue to enhance its platform and stay ahead of market trends.
Overall, Alkami Technology’s CEO and CFO expressed optimism about the future of the digital banking industry and their position in the market. They believe that their focus on innovation and customer satisfaction will drive continued growth and success for the company.
