- Kennebec Savings Bank, based in Maine, went live with the digital banking platform from Alkami.
- The technology will help the $1.6 billion financial institution provide a seamless and consistent user experience for its business, retail, and mobile banking customers.
- Alkami made its Finovate debut in 2009 as “iThryv.” The company is headquartered in Plano, Texas.
Kennebec Savings Bank launched the Alkami Digital Banking Platform this week. The Maine-based financial institution, with $1.6 billion in assets, will leverage the newly integrated solution to provide a seamless digital banking experience for its business, retail, and mobile banking customers. Founded more than 150 years ago, Kennebec Savings Bank has a team of nearly 200 employees and maintains offices in Augusta, Farmingdale, Freeport, Waterville, and Winthrop.
“One of our key goals is to expand support for local businesses,” Kennebec SVP and Chief Information Officer Kevin Dono explained. “Alkami’s platform enables us to provide a seamless and consistent user experience for our business customers by giving them access to all accounts through a common user interface within a single system. Self-service capabilities help them manage multiple accounts and enable functionality options for individuals through permission settings.”
Headquartered in Plano, Texas, Alkami made its Finovate debut as “iThryv” in 2009. The company’s digital banking platform offers an intuitive solution for enhancing the onboarding process for new customers, and accelerating deposit and loan growth. The platform also supports digital cards and P2P transfers, offers financial wellness tools, and will enable Kennebec to leverage data to provide customers with greater personalization.
“We are excited to support Kennebec’s efforts to go beyond the traditional banking footprint and further empower and engage with customers,” Alkami CEO Alex Shootman said. “The Alkami Platform, combined with Kennebec’s outstanding service, will position them to deliver even greater value and service benefits to both current and future customers.”
Alkami began the year earning special recognition from AMOCO Federal Credit Union, which named Alkami its “Partner of the Year.” The award is designed to recognize the “outstanding positive impact” that the FCU’s business partners have had on the institution’s member service, growth, and innovation. AMOCO FCU, with 78,000 users — including 56,000 active digital banking users – has relied on Alkami’s Digital Banking Platform since 2019.
“We were very specific about the user experience (UX) and capabilities we needed for our members,” AMOCO SVP of Operations Technology Nate Ashworth said. “Alkami not only brought a best-in-class UX to the table, but also has the extensibility to build in the integrations we require now and into the future.”