Texas-based digital banking solutions provider Alkami Technology is bringing Push Provisioning to NASA Federal Credit Union (NASA FCU).
“I truly believe that our card management suite is one of the best,” NASA FCU digital banking manager Liam Petraska said. “Alkami has delivered one of the most cohesive card experiences we’ve seen in the industry. They continue to push the envelope with innovative features, allowing members to start using their cards digitally while the physical card is still in the mail. These cutting-edge features are setting a new standard for what card management can be in the digital banking space.”
The collaboration — Alkami’s latest — has enabled NASA FCU to modernize its digital banking experience for its 200,000+ members with features like push provisioning. Push provisioning enables payment card data to be securely sent or “pushed” from the card issuer or financial institution directly to a digital wallet. Push provisioning facilitates contactless payments and boosts convenience and security by removing the need for the user to manually enter payment card details. This, according to NASA FCU, has led to quantifiable gains in member satisfaction and digital engagement. Additionally, since going live with Alkami’s platform, NASA FCU also has reported faster and more efficient integrations courtesy of Alkami’s API framework.
Alkami’s partnership news comes a month after the fintech announced an enhancement to its Data & Marketing Solutions platform. The enhancement expanded Alkami’s behavioral data tag capabilities to provide financial institutions with deeper account holder intelligence that can be used to provide personalization across marketing and digital banking channels.
Targeted behavioral data tags empower financial institutions to efficiently analyze large datasets and establish accurate categories for accountholder actions and activities. Alkami’s latest behavioral data tags include SavvyMoney data tags to enable banks and credit unions to use data insights from the SavvyMoney offers engine, aggregated account data tags that provide a comprehensive view of account holders’ external accounts, anniversary data tags that track account holders’ anniversaries, and outbound transfer data tags to facilitate tracking of transfers made to other institutions.
“Behavioral data tags allow financial institutions of all sizes to find meaningful insights from large data sets and utilize that information to understand account holder behaviors, make informed business decisions and even find competitive advantages,” Alkami director of product management Mark Leher said. “These insights can be leveraged across digital, mobile, and in-person channels to support a more personalized banking experience.”
As iThryv, Alkami Technology made its Finovate debut in 2009. Today, the fintech reports that customers that have been on its platform for more than five years have outperformed their peers on major financial metrics, based on FI Navigator Data from 2024. This includes 25% higher loan growth, 11% higher core deposit growth, 19% higher revenue growth, and 13% higher average revenue per FTE.
Alkami went public in 2021. The company trades on the NASDAQ under the ticker ALKT and has a market capitalization of $3.5 billion. Alex Shootman is CEO.
Founded in 1949, NASA FCU is headquartered in Upper Marlboro, Maryland. The institution has more than $5 billion in assets.
Photo by Pixabay
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