bankingciooutlook

Liberty Bank Chooses Alkami for Digital Banking Platform

Banking CIO Outlook | Friday, May 07, 2021

Dave Mitchell, EVP, GM and Chief Digital Officer at Liberty Bank, mentioned two strategic objectives that led them to the Alkami Platform: cultivate a culture of innovation and offer extraordinary customer experiences.

FREMONT, CA: Alkami Technology, a leading cloud-based digital banking solutions provider for banks and credit unions in the US, has declared that Liberty Bank of Middletown, Connecticut has signed a long-term contract to use the Alkami Platform. The Connecticut-based bank holds over $7 billion in assets and represents yet another addition to Alkami's growing list of bank clients.

With a rapidly expanding fintech environment and increased competition from mega and challenger banks, Liberty Bank pursued a partner to assist them in competing in a continuously changing digital banking landscape. Dave Mitchell, EVP, GM and Chief Digital Officer at Liberty Bank, mentioned two strategic objectives that led them to the Alkami Platform: cultivate a culture of innovation and offer extraordinary customer experiences.

"Our customers expect an anytime, anywhere, highly personalized banking experience that rivals that of media, entertainment, and online shopping," Mitchell stated. "We needed a partner who could provide the ability to add new features and functions quickly with an open digital banking platform. Alkami's deep expertise in retail and business banking translates into platform innovations like extensibility with APIs, an expansive software development kit, plus a modern UX with cybersecurity tools and world-class data centers. In addition, their unique one-platform approach for both retail and business banking gives us confidence that we'll be able to provide a seamless experience to our entire customer base."

Alkami CEO Mike Hansen said, "We are thrilled to welcome Liberty Bank to our remarkable client community. Our Alkamists wake up every day focused on one thing: designing and delivering the best digital banking experiences for businesses and consumers of financial institutions. We are excited for the opportunity to provide Liberty Bank with the platform that will power their digital innovations and outstanding services to their business and retail customers. The Liberty Bank team is well aligned with us in both vision and values, and we look forward to the future with this leading financial institution."

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