Liberty Bank chooses Alkami for digital banking platform

By Pavithra R

Alkami, a leading cloud-based digital banking solutions provider for banks and credit unions in the U.S. has announced that Liberty Bank of Middletown, Connecticut has signed a long-term contract with the company to leverage its platform.

Established in 1825, Liberty Bank is one of the oldest and largest mutual banks in the country. It holds more than $7 bn in assets and this announcement represents another addition to Alkami’s growing roster of bank clients.

“Our customers expect an anytime, anywhere, highly personalized banking experience that rivals that of media, entertainment, and online shopping. 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,” said Dave Mitchell, EVP, GM and Chief Digital Officer at Liberty Bank.

With the FinTech landscape growing exponentially and with the added pressure from mega and challenger banks, Liberty Bank sought a partner to help them compete in a digital banking landscape that’s constantly evolving.

“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,” said Alkami CEO Mike Hansen.