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. On this note, Chimney stated the company reorganised the way financial institutions can leverage property data to keep homeowners engaged with the digital banking experience by delivering home valuations and customised offers in-platform. These changes enable them to compete in the home equity space and set them on the path towards primary financial institution status.
At the end of 2023, Alkami collaborated with Quontic Bank to launch the Alkami Digital Banking Platform, for an improved user experience and wider partner network. Through the use of the Alkami Digital Banking Platform, Quontic Bank and its customers will be able to benefit from optimised account opening capabilities, as well as data analytics which can be utilised to drive improved engagement. Earlier the same year, the company announced its partnership with Plaid to enable bank and financial institution clients in the region of the US to access the latter’s direct API services.
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