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Elevations Credit Union launches with Alkami’s banking platform

By Delisha Fernandes

January 18, 2024

  • Alkami Technology
  • credit union
  • Credit Unions

Alkami Technology, Digital Banking Solution, FinTech, USA, Ideal Credit UnionAlkami Technology, a digital banking solutions provider, has announced that Elevations Credit Union has launched Alkami’s online business and retail banking platform.

After beginning its digital transformation journey, Elevations looked for a digital banking vendor to expand and improve its digital banking capabilities. The Alkami Digital Banking Platform provides Elevations’ retail and business members with intuitive, self-service tools within a personalised user experience powered by a dataset rivaling the largest megabanks.

Craig Draayer, vice president of digital transformation at Elevations, said, “As a credit union serving communities in Colorado’s Front Range, we must keep pace with a member base that is incredibly technologically savvy and open to innovation. It was imperative for us to work with a vendor who matched our strategic approach and digital vision. Alkami shares Elevations’ user interface and user experience principles and emphasis on member engagement, and we know that with Alkami, we will never be in the position of outrunning our vendor.”

Elevations now also benefits from enhanced account opening capabilities, data analytics that can drive improved engagement, and payment fraud prevention. Alkami’s comprehensive single platform enables financial institutions like Elevations to drive new account holder growth and cross-sell opportunities while deepening institutional loyalty via reliable, innovative banking services.

After completing the implementation process, Elevations’ members were able to seamlessly convert to Alkami’s Digital Banking Platform, showcasing its effective and user-friendly characteristics. Elevations also leverage SavvyMoney, Alkami’s marketing and educational capability, to improve members’ financial wellness.

“Elevations understands that business growth is inextricably linked to innovation for financial institutions,” said Jeff Chen, vice president, product management at Alkami. “The success of Elevations’ launch with our platform also demonstrates the business value of investing in technology with intuitive user experiences, allowing institutions like Elevations to devote more time to personalised human interactions with members focused on their financial journey.”

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