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Alkami Technology Inks Digital Banking Deal with Desert Schools FCU

Alkami Technology Inks Digital Banking Deal with Desert Schools FCU


One of our oldest alums just inked a deal with the biggest credit union in Arizona.

Alkami Technology, which demoed at FinovateSpring 2009 as iThryv and transitioned to its current incarnation a year later, announced this week that Desert Schools Federal Credit Union will use its ORB (Online Relationship Builder) digital banking platform. Desert Schools FCU is the largest credit union in Arizona, with $4 billion in assets and more than 220,000 online banking users.

Stephen Bohanon, chief strategy and sales officer for Alkami Technology, cited research indicating that mobile banking provided an “immediate lift in overall satisfaction” in praising his company’s partnership with Desert Schools. “Financial institutions like Desert Schools are embracing this shift in consumer expectations by investing in digital technology that delivers a superior, engaging experience,” Bohanan said.

Alkami’s ORB platform will give members of Desert Schools FCU access to a wide array of features inducing retail and business banking tools, mobile, billpay, PFM, P2P payments, and more. The technology will also enable Desert Schools to build their own apps and product extensions, as well as introduce additional, new features to provide its members with what Alkami calls a “highly, customized digital banking experience.”

And this is exactly what the Arizona-based credit union was looking for. “We selected Alkami for their modern and engaging user experience,” SVP of digital strategy for Desert Schools FCU, Tim Lipsky, said, “as well as their flexible and extensible platform, which aligns with our vision to strengthen our digital capabilities to meet our members’ needs.”

Based in Plano, Texas, Alkami Technology teamed up with security specialist Easy Solutions this spring, bringing enhanced fraud protection to Alkami’s digital banking platform. The company’s ORB was recognized in the 2015 GonzoBanker awards as part of Tim Daily’s “Online Banking/Mobile Banking Franken-Banking Product.”