Alkami Technology, Inc. and Plaid Partners to Provide Financial Institutions with Direct Access to Plaid via the Financial Data Exchange Aligned API Core Exchange
November 09, 2023 at 10:00 am EST
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Alkami Technology, Inc. announced that it has enabled its financial institution clients to benefit from direct application programming interface (API) access to Plaid. This is a first-to-market partnership with Plaid for Alkami where a majority of financial institutions are live, and Alkami is the first and major platform fully live on Plaid's FDX aligned API, Core Exchange. Partnerships between technology providers like Alkami and platforms like Plaid will be critical to quickly scale secure and reliable financial data sharing, with minimal technical effort or resourcing.
With the FDX aligned API in place, Alkami's financial institution clients can provide a reliable and consistent user experience for their end account holders, who can connect and link their financial accounts with Alkami. End users also benefit from a highly secure API connection and Alkami-powered financial institutions benefit from reduced friction, resulting in lower call center volume.
Alkami Technology, Inc. is a cloud-based digital banking solutions provider for financial institutions in the United States. It helps clients transform through retail and business banking, digital account opening, payment security, and data analytics and marketing solutions. Its solution, Alkami Digital Banking Platform, offers an end-to-end set of digital banking software products. Its platform integrates with core system providers and other third-party fintech providers, and acts as the primary interaction point among consumers, businesses and financial institutions. Alkami Digital Banking Platform allows financial institutions to onboard and engage new users with the support of a cloud-based, multi-tenant architecture. Alkami Digital Banking Platform provides financial institutions with a complete digital banking solution designed to facilitate and meet the needs of both retail and business users. Its 10 product categories encompass 33 products and more than 300 integrations.
Alkami Technology, Inc. and Plaid Partners to Provide Financial Institutions with Direct Access to Plaid via the Financial Data Exchange Aligned API Core Exchange