- A pair of Finovate alums – Alkami and Chimney – announced a strategic partnership this week.
- The partnership will help banks offer their customers actionable advice on their home’s value, equity, and their borrowing power.
- Alkami is one of Finovate’s earliest alums, demoing as “iThryv” in 2009. Chimney has won Finovate Best of Show honors twice since 2021.
A newly announced strategic partnership between digital banking solutions provider Alkami and two-time Finovate Best of Show winner Chimney will help banks better serve their homeowner customers as they seek information about their home’s value, home equity, and their own borrowing power. The partnership will make it easier for financial institutions to leverage digital banking to give homeowners the financial tools, data, and insights they need to understand and manage their home as not just a home, but as a financial asset, as well.
Chimney’s tools and APIs enable users to track home value, borrowing power, and access home equity from within the bank’s app. The combination of Chimney’s property data and Alkali’s financial health data gives financial institutions the resources they need to boost user engagement, cross-sell, personalize offers, and better compete against third-party real estate websites and others.
“Alkami believes innovation unlocks new growth opportunities and enhances account holder experiences” Alkami co-founder and chief strategy and product officer Stephen Bohanon said. “Chimney’s platform exemplifies this and delivers a tool that supports homeowners’ financial journeys and deepens relationships.”
Founded in 2020, Chimney is headquartered in New York. The company won Best of Show last September at FinovateFall with a demo of its Chimney Home solution. Chimney Home gives homeowners actionable advice on their home value, equity, and buying power from within their banking app. The solution offers convenience for homeowners and helps FIs better engage them with relevant, personalized offers.
As Signal Intent, the company won its first Best of Show award in its Finovate debut at FinovateSpring 2021. The firm rebranded as Chimney two years ago.
One of Finovate’s earliest alums, Alkami first demoed on the Finovate stage in 2009 as “iThryv.” Since then, the Plano, Texas-based fintech has become a major digital banking solutions provider for regional banks and credit unions. Last month alone, Alkami announced new partnerships with Credit Union of Texas and New York-based Quontic Bank. In November, Alkami teamed up with fellow Finovate alum Plaid.
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