Credit Union of Texas taps Alkami for business banking platform
Credit Union of Texas (CUTX) has partnered up with Alkami, a cloud-based digital banking solutions provider in the US, to utilise its business banking platform.
Credit Union of Texas taps Alkami for business banking platform
Alkami says its “market-tested” business banking solution helps financial institutions onboard more customers and increase product adoption and engagement, as well as equip their business customers with payment solutions, sub-user management and actionable reporting under one platform.
Established nearly 100 years ago, CUTX provides banking and financial services to individuals and businesses in North and East Texas, including checking, savings, deposits and investing, credit cards and loans. It claims to manage more than $2.5 billion in assets.
“Partnering with Alkami allows us to access a commercial market that we have never served before,” says Eric Pointer, president and CEO of CUTX.
Pointer adds that by implementing the business banking solution and by levering the direct feedback of their customers, the credit union will be able to provide its small business members with “functionality we know they will engage with on a daily basis”.
Adding to this, Jeff Chen, VP of product management at Alkami, says: “CUTX presents a prime example of how digital banking can be a business driver for financial institutions that are committed to meeting the needs of their members, whether they be retail or business.
“This is particularly critical today, as regional and community financial institutions respond to growing competition from fintechs and the biggest banks and increased pressure to drive deposits.”
