$4 billion Patelco Credit Union selects Alkami’s ORB platform
Top 30 credit union to deliver exceptional digital banking experience to its more than 280,000 members.
PLEASANTON, CA and PLANO, TX (February 17, 2015) — Alkami Technology Inc., a provider of digital banking solutions, announced that Pleasanton, Calif.-based Patelco Credit Union – the 26th largest credit union in the nation with assets exceeding $4 billion – has selected its ORB Platform to deliver an exceptional digital banking experience to its more than 280,000 members.
Patelco Credit Union selected Alkami’s digital banking platform to enhance the overall experience and value of its digital channels to members. With ORB, the credit union will benefit from superior functionality, security, flexibility and extensibility designed for the future of digital banking. Additionally, its modern interface, intelligent content delivery system and customizable feature set ensure financial institutions like Patelco deliver the ultimate digital banking experience.
“At Patelco Credit Union, we are dedicated to supporting every aspect of our members’ financial lives, and doing so means we must deliver a superior experience in a growing digital era,” said Erin Mendez, president and chief executive officer of Patelco Credit Union. “By implementing Alkami’s ORB, our members will greatly benefit from a modern, sophisticated digital banking platform to achieve a unified banking experience. We have no doubt this will raise the bar in what consumers expect from their financial institution.”
As part of enhancing its digital channels with ORB, Patelco Credit Union will be releasing an improved mobile application, and in addition is currently working with Apple® and its processors to support ApplePay™, which will effectively replace members’ wallets by letting them store credit cards and securely use their smartphone as a way to make payments at participating merchants. This functionality is expected to be made available Spring 2015.
“According to a recent study, nearly two-thirds of adult bankers in the United States now leverage multiple channels (web, mobile and tablet) to interact with their financial institution,” said Stephen Bohanon, founder, chief strategy and sales officer of Alkami Technology. “Largely due to the rapid adoption of smartphones and tablets – and the reemergence of mobile wallets with the launch of Apple Pay – consumers are quickly changing the way they manage their finances, and Patelco Credit Union remains at the forefront of this evolution. We look forward to being a part of their journey as they continue to innovate and deliver superior service to their members.”
About Patelco Credit Union
Founded in 1936, Patelco Credit Union ranks among the largest credit unions in California and the nation with more than $4 billion in assets and more than 280,000 members. Throughout its 78-year history, Patelco has helped its members and their communities prosper through volunteer initiatives and personalized service that focuses on transparency, simplicity in banking, and garnering trust. Patelco is a federally insured, not-for-profit, full-service credit union that offers the same types of products and services as large banks.
About Alkami Technology
Alkami Technology, Inc. provides online and mobile banking solutions for credit unions and banks. Based in Plano, Texas, the company’s flagship product, the ORB Platform, delivers unparalleled security, flexibility, extensibility and a superior architecture for the future of digital banking. With its modern interface, intelligent content delivery system and customizable feature set, the ORB Platform is the ultimate digital banking solution for financial institutions. Alkami provides the ORB Platform as either a license or SaaS solution. For more information about Alkami, please visit www.alkamitech.com, visit them on LinkedIn at www.linkedin.com/company/alkami-technology or on Twitter at @alkamitech.