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Alkami and Greenlight Partner to Bring Youth Banking to Financial Services

1. Alkami partners with Greenlight for youth financial education solutions. 2. Greenlight offers tools for money management to kids and teens. 3. Alkami enhances its mobile platform with Greenlight's family banking tools. 4. Integration aims to attract and retain depositors among families. 5. Greenlight will be showcased at Alkami's upcoming conference.

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Why Bullish?

This partnership positions Alkami to capture a growing youth market, mirroring trends seen with similar fintech collaborations in the past. For example, partnerships like those between banks and educational tools have historically led to increased customer engagement and retention.

How important is it?

The article highlights a strategic alliance that can significantly enhance Alkami's offerings, making it more appealing amidst increasing competition in the digital banking space.

Why Long Term?

As more families adopt financial education tools, Alkami can expect sustained growth in user engagement and deposits over time, similar to trends in digital banking expansions seen in the past few years.

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The technology empowers kids and teens with innovative money management tools and financial education, while also helping financial institutions grow deposits , /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., announced today its partnership with Greenlight Financial Technology, Inc. ("Greenlight"), a leading family fintech company that empowers kids and teens with smart money management skills. With money habits forming as early as age seven, Greenlight's family finance application (app) can give kids and teens hands-on money management interactions with parental supervision, while providing a channel for banks and credit unions to grow deposit accounts. Through this collaboration, Alkami's clients can now offer their account holders access to Greenlight, a debit card and finance mobile app experience that enables kids and teens to earn, save, spend wisely, and give. Greenlight also gives parents tools for monitoring transactions, automating allowances, and tracking spending—all integrated within Alkami's Mobile Banking Platform. "Our partnership with Greenlight aligns perfectly with our mission to empower financial institutions with innovative, user-centric digital solutions," said Josh Winstead, vice president, corporate development at Alkami. "By integrating Greenlight's financial literacy tools, we are enabling banks and credit unions to offer families an invaluable resource for teaching responsible money management—helping attract and retain depositors by providing a trusted, youth-friendly banking* solution that seamlessly transitions kids into adult accounts." With built-in parental controls, chore tracking, and interactive educational features like Greenlight's curriculum-based Level Up™ financial education game, families can build healthy financial habits in a fun and engaging way. Through Alkami's integration, parents can link existing Greenlight accounts or register for new ones directly through their bank or credit union's mobile banking platform, making financial education more accessible than ever. "Greenlight partners with financial institutions across the country because banks and credit unions are uniquely positioned to help younger generations develop strong financial habits," said Matt Wolf, senior vice president of business development at Greenlight. "Working with Alkami to bring Greenlight's suite of family banking* tools to its customers advances our mission to help parents raise financially-smart kids." "At Valley Strong Credit Union, we are committed to providing our Members with innovative tools that support financial well-being, including kids and teens to help them spend and save with confidence," said Christina Trayers, vice president of product at Valley Strong Credit Union. "Integrating Greenlight through Alkami's Platform has allowed us to offer families a powerful way to educate their kids on financial responsibility—right from their mobile banking experience." Greenlight will also be attending Alkami's Co:lab conference in Nashville from March 31 – April 2, 2025, where attendees can meet with the Greenlight team in the Innovation Lab to learn how financial institutions can equip families with youth banking* solutions that drive financial literacy. More details on Alkami's Co:lab can be found here. To learn more about Alkami's Digital Banking Platform, visit here. Alkami has been certified by J.D. Power for providing "An Outstanding Mobile Banking Platform Experience1." About Alkami Alkami Technology, Inc. is a leading cloud-based digital banking solutions provider for financial institutions in the United States that enables clients to grow confidently, adapt quickly, and build thriving digital communities. Alkami helps clients transform through retail and business banking, digital account opening, payment security, and data and marketing solutions. To learn more, visit www.alkami.com. About GreenlightGreenlight Financial Technology is the family fintech company on a mission to help parents raise financially smart kids. Its product, Greenlight, is an award-winning banking app, complete with a debit card for kids and teens. Parents can automate allowance, manage chores and set flexible spending controls. Kids and teens learn to earn, save, spend wisely, and give. Greenlight partners with more than 100 leading banks, credit unions, and employers to bring its family finance solution to more families through the Greenlight for Banks, Greenlight for Credit Unions, and Greenlight for Work programs. For more information, please visit: greenlight.com. Media Relations ContactsVested[email protected]  Marla Pieton[email protected]  _____________________________________ 1 J.D. Power 2024 Mobile App Platform Certification ProgramSM recognition is based on successful completion of an audit and exceeding a customer experience benchmark through a survey of recent servicing interactions. For more information, visit www.jdpower.com/awards. *Greenlight is a financial technology company, not a bank. The Greenlight app facilitates banking services through Community Federal Savings Bank (CFSB), Member FDIC. SOURCE Alkami Technology, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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