Latest news with #DigitalBankingPlatform
Mint
6 days ago
- Business
- Mint
From idea to execution: A guide for your digital banking platform journey
The number of unique internet banking users has increased by only 18% between March 2019 and September 2021, according to the Reserve Bank of India's Payment Vision 2025 document. This cohort constitutes a very small percentage of over 26 crore digital payment transactions that are processed every day by our burgeoning digital payment ecosystem, of which United Payments Interface (UPI) accounts for more than two-thirds. As India's financial landscape continues to evolve at an unprecedented pace, driven by consumer demand for seamless, personalised experiences and rapid technological innovation, how can financial institutions strengthen their digital platforms to increase adoption and deliver greater value for their customers? Do all banks need digital platforms and, if yes, when is the right time to start building one? In a world where technology is advancing so rapidly, is it wise to wait for Generative AI to stabilise before making the leap? A new e-book titled 'Digital Banking Platform Journey – The 5Ws (and an H) of starting, accelerating or re-aligning your digital platform strategy', attempts to provide answers to these questions and many more that organisations in the Banking, Financial Services and Insurance (BFSI) are grappling with, especially as India takes giant leaps in the adoption of digital in this sector. The e-book is co-authored by Thoughtworks' Bharani Subramanian, CTO, India and the Middle East, Muralikrishnan Puthanveedu, Head of the BFSI Practice, IME and Sandeep Reddy, Global Head of Financial Services Strategic Initiatives and Delivery and is an attempt at offering financial institutions a systematic approach to thinking about developing or revamp their digital banking platforms.'We have carefully curated the strategic ideas and implementation best practices we learned from building banking platforms for global organisations over the last few decades. We intend this e-book to be a useful starting point to structure your thinking and clarify what's important to you,' said the authors in their opening note. Whether you're just beginning your digital journey or looking to re-align an existing platform strategy, this e-book serves as a compass. It introduces a practical six-point readiness framework, explores the build-versus-buy dilemma, and lays out pathways for AI-augmented banking—all while grounding the conversation in the unique needs of Indian financial institutions. Click here to download the e-book. Note to the Reader: This article has been produced on behalf of the brand by HT Brand Studio and does not have journalistic/editorial involvement of Mint.
Yahoo
16-05-2025
- Business
- Yahoo
Clearwater Credit Union Launches Alkami's Digital Banking Platform Activating Its Member Connection Strategy
Enhancing its digital experience strategy, Clearwater Credit Union deepens member connections with timely insights and intuitive member marketing engagements PLANO, Texas, May 16, 2025 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., announced that Montana-based Clearwater Credit Union (Clearwater) is leveraging the innovation and user experience within Alkami's Digital Banking Platform. This partnership reflects Clearwater's commitment to delivering member-centered interactions and data-driven personalization. Clearwater now delivers a more intuitive and unified digital banking experience across devices—all through a single, scalable digital experience platform. By incorporating Alkami's Data & Marketing Solutions, the credit union also gains powerful tools to create personalized marketing engagements, help their members strengthen their financial wellness, and deliver timely, relevant communications that deepen member relationships. "Alkami's technology allows our marketing team to do what they've long wanted to, connect the dots across data and behavior to deliver meaningful, timely communications to our members," said Deborah Colby, chief marketing officer at Clearwater. "The insights from the transaction data enables us to understand and walk alongside our members through all their life stages, helping them to thrive financially. And given the size and reach of our membership base, we needed a best-in-class digital platform that could serve all our members, regardless of location, since building brick-and-mortar branches in every county isn't feasible. Alkami delivers on that need by providing a digital experience that functions as a top-tier branch, accessible anytime, anywhere." Financial services data analytics is catalyzing the personal experience for account holders - converting financial institution leaders into data-informed, member engagement leaders - where they can anticipate needs and optimize engagements. Clearwater's internal teams are maximizing the impact from the new data capabilities, empowering them with actionable analytics and a more connected understanding of member needs. By integrating Alkami's Platform, the credit union is laying the groundwork for a member engagement strategy that supports long-term relationships. "Clearwater exemplifies how mission-driven financial institutions can harness digital tools to meet the rising expectations for personalization," said Mazen Letayf, vice president, customer lifecycle management and data solutions at Alkami. "It's incredibly rewarding to see how our Platform helps their team operate more strategically, making data not just accessible, but actionable." To learn more about Alkami's Digital Banking Platform, visit here. Alkami has been certified by J.D. Power in 2024 and 2025 for providing "An Outstanding Mobile Banking Platform Experience."[1] 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, onboarding and account opening, payment security, and data and marketing solutions. To learn more, visit About Clearwater Credit UnionEstablished in 1956, Clearwater Credit Union is a values-based, member-owned financial cooperative committed to using finance to make the world a better place. Clearwater is Montana's largest certified Community Development Financial Institution (CDFI), one of six U.S. credit unions that are members of the Global Alliance for Banking on Values (GABV), and a member of Inclusiv, a CDFI intermediary with a mission to help low- and moderate-income people enhance economic well-being through credit unions. With $1.2 billion in assets and 65,000 members, Clearwater offers individuals and businesses across Western and Central Montana access to banking, loan, mortgage, and financial counseling and education services. Visit to learn more about how Clearwater is a force for good in banking, in the communities it serves, and for its members. Media Relations ContactsVestedalkami@ Marla _____________ 1J.D. Power 2025 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 View original content to download multimedia: SOURCE Alkami Technology, Inc.
Yahoo
28-04-2025
- Business
- Yahoo
Pinwheel taps Q2 to ease direct deposit switching process
Fintech company Pinwheel has announced an integration with Q2's Digital Banking Platform, aiming to support instant direct deposit switching. This alliance is facilitated via the Q2 Partner Accelerator Program. Using Pinwheel's data network of payroll providers, banks and credit unions can get income and employment data from 1,800 platforms. This covers up to 100% of all US workers who receive direct deposit payments. The integration allows financial providers to offer consumers a streamlined process for switching direct deposits during account onboarding. Research indicates that 40% of new accounts remain inactive, primarily due to difficulties associated with the direct deposit switching process. The collaboration between Pinwheel and Q2 enables all Q2 customers to implement a one-click deposit switching feature. Pinwheel revenue head Brian Karimi-Pashaki said: 'Removing friction from the deposit switching process is critical for financial institutions to boost activation rates and secure primacy. 'We're thrilled to help Q2 customers take advantage of Pinwheel Deposit Switch by making it available through Q2's Partner Accelerator Programme. We are committed to helping credit unions and banks offer the best possible customer experience.' The Q2 Partner Accelerator Programme, facilitated by the Q2 Innovation Studio, allows financial services companies to integrate their technologies with the Q2 Digital Banking Platform. This initiative supports financial institutions in adopting new solutions and deploying standardised integrations efficiently. In October 2024, Pinwheel introduced Bill Navigator, a subscription management tool aimed at helping banks and financial institutions save their customers money on unused subscriptions. "Pinwheel taps Q2 to ease direct deposit switching process" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
16-04-2025
- Business
- Yahoo
Digital Banking Platform Market Disruptions: The $15.77 Billion Opportunity Vendors Can't Afford to Miss
Digital Banking Platform Market Set for Explosive Growth, Projected to Reach $15.77 Billion by 2030 MIDDLETON, Mass., April 16, 2025 /PRNewswire/ -- QKS Group, a premier market intelligence and advisory firm, has unveiled its latest comprehensive analysis of the global Digital Banking Platform Market, providing crucial insights for industry leaders aiming to capitalize on this rapidly evolving segment. The newly released reports- 'Market Share: Digital Banking Platform, 2024, Worldwide & Regional Report' and 'Market Forecast: Digital Banking Platform (AMR), 2025-2030, Worldwide & Regional Report' - reveal a projected market valuation of $15.77 billion by 2030, growing at a CAGR of 15.24% from 2025 to 2030. This analysis equips businesses with the strategic intelligence needed to navigate the dynamic Digital Banking landscape and make informed decisions as the market scales new heights. The Next Growth Frontier in Digital Banking Platform Digital Banking Platforms are redefining how financial institutions deliver services, engage customers, and scale innovation. These platforms provide the foundational infrastructure for banks and credit unions to offer omnichannel experiences, personalized financial insights, and real-time transactions across retail, corporate, and SME segments. As digital-native challengers gain traction and customer expectations evolve rapidly, traditional institutions are embracing cloud-native, API-first digital banking platforms to accelerate modernization, reduce operational friction, and drive continuous innovation. According to VVVD Akhilesh, Senior Analyst at QKS Group, "The evolution of Digital Banking Platforms marks a pivotal moment for the financial services industry. As customer behavior shifts toward hyper-personalized, real-time engagement, banks can no longer afford legacy inertia. The winners will be those who embrace composable architecture, AI-driven insights, and open ecosystem integration, not as future goals, but as immediate imperatives. The Digital Banking Platform is no longer just IT infrastructure; it is the bank's competitive core." Key Market Insights from QKS Group's Report Global and Regional Market Analysis: An in-depth examination of worldwide and regional digital banking adoption trends, competitive landscapes, and future growth projections. Competitive Benchmarking: A comparative analysis of top digital banking platform vendors, their market positioning, and strategic differentiators. Industry Adoption Trends: Insights into which sectors are investing most heavily in digital banking platform and why. Technology Disruption & AI's Role: AI, cloud-native architecture, and API orchestration are driving a fundamental shift in digital banking. Banks are leveraging AI to deliver predictive financial services, automate customer interactions, and enable real-time fraud detection. At the same time, microservices and low-code capabilities are empowering faster product rollouts, ecosystem partnerships, and hyper-scalable infrastructures. These innovations are not just optimizing operations, they're redefining what it means to be a digital-first bank. Market Leaders & Competitive Landscape The report covers key industry players, including Alkami Technology, Avaloq, Backbase, Bottomline Technologies, BPC, Coconet, Codebase Technologies, CR2, Data Action, Data Center Inc, Edgeverve, Finastra, Fisa Group, Fiserv, ieDigital, Intellect Design Arena, Mambu, Oracle, Sandstone Technology, Silverlake Axis, Sopra Banking Software, Tagit, TCS, Thought Machine, Ultradata, and Veritran. Why This Matters for AMR Vendors For CEOs, CMOs, and Chief Product Officers of digital banking solution providers, this is a critical inflection point. The demand for hyper-agile, secure, and intelligent digital banking experiences is not just growing, it's being expected. Vendors must go beyond feature parity and focus on delivering platforms that are cloud-native, integration-ready, and built for adaptability. Offering composable banking, real-time analytics, and regulatory agility will be key to capturing mindshare and wallet share in a fiercely competitive, rapidly evolving market. Get Access to Exclusive Market Insights (single report or subscription offering) Market Share: Digital Banking Platform, 2024, Worldwide Market Forecast: Digital Banking Platform (AMR), 2025-2030, Worldwidehttps:// The comprehensive research package includes: Most Comprehensive Market Forecast Analysis: A separate market forecast report for each of the regions, including North America, Asia Pacific, European Union, MEA, Latin America Unmatched Competitive Analysis: A separate market share report for each of the regions, including North America, Asia Pacific, European Union, MEA, Latin America QKS TrendsNXT on Digital Banking Platform Market QKS TAMSAM Insights report on Digital Banking Platform Market Exclusive Analyst Advisory Sessions for strategic decision making and validation About QKS Group QKS Group, formerly Quadrant Knowledge Solutions, is a leading global advisory and research firm, dedicated to empowering technology innovators to accelerate their growth journeys and enable technology adopters to achieve their digital transformation objectives. Click below to learn more about Competitive Intelligence Service: To gain access to the full market insights, growth forecasts, and competitive analysis, Connect: Shraddha Roy PR & Media RelationsQKS GroupRegus Business Center35 Village Road, Suite 100,Middleton Massachusetts 01949United StatesEmail: shraddha.r@ Source: with us on LinkedIn- Logo: View original content: SOURCE QKS Group
Yahoo
19-03-2025
- Business
- Yahoo
Alkami Customers Including Gate City Bank Strengthen Fraud Prevention with BioCatch
The Alkami-BioCatch partnership has prevented millions of dollars in fraudulent transactions in 2024 PLANO, Texas, March 19, 2025 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., announced today that its clients leveraging BioCatch's fraud prevention solutions through the Alkami Digital Banking Platform stopped more than $54 million in fraudulent transactions in 2024. "Alkami takes a strategic, multi-layered approach to fraud prevention, and BioCatch is a valuable component in helping financial institutions detect and stop emerging threats," said Brad Cranford, director of product management at Alkami. "By operating seamlessly in the background, BioCatch's Account Takeover Protection strengthens security without adding friction or disrupting the user experience." Fraud remains one of the most pressing challenges in financial services, with cybercriminals continually refining their tactics to gain access to consumers' and businesses' banking information through stolen credentials, social engineering, and advanced digital threats. To combat these threats, Alkami and BioCatch, which prevents financial crime by recognizing usage patterns, provide a proactive, behavior-based approach to fraud prevention, enabling financial institutions to identify and stop account takeover fraud before money disappears. "The results were immediate. BioCatch enhanced our defenses by continuously learning and adapting to customer behavior to protect against suspicious activity. This technology has been instrumental in safeguarding our customers' identities without disrupting their experience," said Jessica Ebeling, executive vice president, chief digital and payment officer at Gate City Bank. Every user interacts with their device in a unique way—through mouse movements, typing cadence, and swipe or scroll patterns. BioCatch's Account Takeover Protection analyzes these digital behaviors in real time to identify fraudsters who exhibit telltale signs of manipulation such as using keyboard shortcuts, remote access tools (RATs), or developer consoles to navigate banking sessions. By detecting these subtle yet critical high-risk actions, BioCatch helps financial institutions stop fraud before financial losses occur. "Our partnership with Alkami enables financial institutions to proactively stop fraud in real time before it impacts their members or customers," said Jay Whoriskey, north america director at BioCatch. "The $54 million in fraud Alkami customers deploying our solutions prevented last year demonstrates how BioCatch's real-time analysis of behavioral, device, and network signals helps financial institutions distinguish legitimate users from fraudsters, catching threats traditional security measures often miss." 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 About BioCatchBioCatch prevents financial crime by recognizing patterns in human behavior, continuously collecting more than 3,000 anonymized data points – keystroke and mouse activity, touch screen behavior, physical device attributes, and more – as people interact with their digital banking platforms. With these inputs, BioCatch's machine-learning models reveal patterns in user behavior and provide device intelligence that, together, distinguish the criminal from the legitimate. The company's Client Innovation Board – an industry-led initiative in partnership with American Express, Barclays, Citi Ventures, HSBC, National Australia Bank, and others – collaborates to pioneer innovative ways of leveraging customer relationships for improved fraud detection. Today, 34 of the world's largest 100 banks and 257 total financial institutions deploy BioCatch solutions, analyzing 14 billion user sessions per month and protecting 447 million people around the world from fraud and financial crime. Media Relations ContactsVestedalkami@ Marla ____________________ 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 View original content to download multimedia: SOURCE Alkami Technology, Inc. Sign in to access your portfolio
