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Alkami & Chimney partner to provide asset management tools to homeowners

By Delisha Fernandes

January 10, 2024

  • Alkami
  • Bill Pay
  • Chimney

Alkami, Chimney, Digital Banking Solution, financial institutions, financial tools, Homeowners, Online Banking, Financial Literacy, Mobile Banking, PFM Tools, Bill Pay, Multi Factor Authentication, MFA, Family Banking, Internet Banking, Credit Union, FinTech news, FinTech US Chimney, a FinTech company, has partnered with Alkami Technology, a cloud-based digital banking solutions provider.

Through this strategic partnership, financial institutions can empower homeowners with the financial tools, data, and insights they need to manage their greatest financial asset within digital banking.

“Alkami believes innovation unlocks new growth opportunities and enhances account holder experiences. Chimney’s platform exemplifies this and delivers a tool that supports homeowners’ financial journeys and deepens relationships,” said Stephen Bohanon, co-founder, chief strategy and product officer at Alkami.

Chimney provides homeowners with actionable advice about their home value, home equity, borrowing power, and personalized offers – regardless of which financial institution holds their mortgage. Until now, many financial institutions have relied on manual methods of activating property data, which restricted their ability to personalize loan offers and engage homeowners, who often leverage third-party real estate websites to track their home value and may be targeted with a competitive offer.

By combining financial health data and property data, Alkami and Chimney can help financial institutions drive user engagement, gain insights into competitive relationships, inform product offers, cross-sell, and verify property data faster than ever before. Chimney’s solution covers 98% of residential properties.

“As consumers evaluate their credit options, a significant portion interested in home equity loans or lines of credit often bypass their local financial institution when researching products. Chimney has reimagined the way financial institutions can leverage property data to keep homeowners engaged with the digital banking experience by delivering home valuations and personalized offers in-platform; enabling them to compete in the home equity space and setting them on the path towards primary financial institution status,” said Matt Covi, co-founder and chief executive officer of Chimney.

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