Webinar explores how financial institutions
can prepare, while educating employees and account holders
PLANO,
Texas, Sept. 11, 2024 /PRNewswire/ -- Alkami
Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based
digital banking solutions provider for financial institutions
in the U.S., recently held its latest webinar, "A Banking
Executive Masterclass: Preparing for Open Banking in the United States," which explores the impact
of open banking on financial institutions and account holders, and
delivers prescriptive guidance for bank and credit union executives
on the path to preparation.
The masterclass via a webinar brought together Deep Varma, chief
technology officer at Alkami, Jamie
Lang, product owner at Alkami and Tyler Brown, senior research analyst at CCG
Catalyst, who shared critical insights on how open banking is
likely to reshape financial services, empower and create efficiency
for consumers, and spur enhanced experiences for account holders.
In addition, Varma and Brown provided guidance for financial
institutions on how to prepare their employees and account holders
– with education being critical across the board.
Open banking promises significant benefits for financial
institutions and their account holders, but many bank and credit
union leaders are looking for direction on how to prepare for this
movement. "Our industry must educate itself on open banking so we
can, in turn, educate consumers – because financial institutions
need to start building awareness with their account holders now,"
said Varma. "Financial institution partners must also be prepared
for this shift. At Alkami, our developer-first mindset, investment
in high-quality data, and best-in-class APIs (application
programming interfaces) position us well to scale for the demand
for open banking solutions we are likely to see in the coming
years."
This webinar comes amidst increased open banking regulation,
such as the upcoming launch of a new rule to recognize open banking
standards by the Consumer Financial Protection Bureau (CFPB).
Regulations such as these highlight the acceleration and importance
of the shift to open banking in the U.S.
"Consumer demand is driving the push for open banking. While
upcoming regulations will enforce it, the industry is moving in
this direction because consumers want control over their data,"
said Brown. "For financial institutions, open banking is not
something to passively observe – it is coming faster than many
anticipate, and now is the time for financial institution leaders
to start these conversations."
"It is critical for financial institutions to stay ahead of
developments in open banking," said Lang, who hosted the webinar.
"Alkami is proud to provide resources like this which arm financial
institutions with essential insights as they navigate this
transformative change."
The webinar is available for viewing here.
Alkami has been certified by J.D. Power for providing "An
Outstanding Mobile Banking Platform Experience."*
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 commercial banking, digital account opening, and data and
marketing solutions. To learn more, visit www.alkami.com.
*J.D. Power 2024 Mobile App Platform Certification
Program℠ 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/business/awards..
About CCG Catalyst
CCG Catalyst is a premier bank
consulting and research advisory firm, dedicated to helping
financial institutions navigate the evolving financial landscape
with strategic guidance and innovative solutions. With a deep
industry expertise, CCG Catalyst empowers banks, credit unions, and
fintechs to achieve sustainable growth and success. To learn more,
visit www.ccgcatalyst.com.
Media Relations Contacts
Vested
alkami@fullyvested.com
Marla Pieton
marla.pieton@alkami.com
CCG Catalyst
marketing@ccg-catalyst.com
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SOURCE Alkami Technology, Inc.