- The Credit Union of Texas (CUTX) has chosen cloud-based digital banking solutions provider Alkami for its business banking platform.
- Alkami’s platform equips business customers with payment solutions, sub-user management and actionable reporting under one solution.
- CUTX, which manages over $2.5 billion in assets, aims to better serve its small business members through the Alkami platform.
The Credit Union of Texas (CUTX) has partnered with Alkami, a U.S.-based firm specializing in cloud-based digital banking solutions, to utilize its business banking platform. CUTX plans to provide its small business members with advanced functionalities through the Alkami platform. Alkami’s “market-tested” business banking solution assists financial institutions with customer onboarding, fosters product adoption and engagement, and provides business customers with comprehensive payment solutions, sub-user management, and actionable reporting under a single platform.
CUTX, established almost a century ago, offers banking and financial services to individuals and businesses located in North and East Texas, including checking, savings, deposits and investing, credit cards, and loans. The credit union currently oversees 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 also emphasized that by implementing Alkami’s business banking solution, and gaining direct feedback from their customers, the credit union will be capable of offering its small business members with functionality that will engage them on a daily basis.
Jeff Chen, VP of Product Management at Alkami further underscored the significance of digital banking in the current financial landscape. He stated, “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.”
