Strata Credit Union has selected Alkami's Digital Banking Platform to modernise its consumer digital banking experience.
Under the agreement, Strata Credit Union will build a connected digital banking ecosystem intended to simplify everyday banking activities and reduce friction across digital interactions. The platform is designed to bring together financial tools, payments functionality, and personalised engagement features within a single environment, while allowing the credit union to add further capabilities as member expectations change.
The deployment will draw on Alkami's open and extensible architecture, which is intended to let Strata Credit Union connect multiple third-party technologies within its digital ecosystem. Planned capabilities include payments, transfers, card management, financial wellness tools, and security features, combined into one interface. In addition, the credit union has stated that members will also gain access to spending insights, savings goal tools, and a consolidated view of their financial position.
Strategic rationale
According to Brandon Ivie, chief executive officer at Strata Credit Union, the partnership is intended to make financial tools and insights more accessible to members, supporting their ability to assess their financial health and make informed decisions. The credit union has framed the investment as part of a broader mission to help members build stronger financial futures by pairing digital banking functionality with personalisation and integrated financial wellness features.
In addition, Benjamin Conant, chief product officer at Alkami, said the partnership reflects demand among credit unions for technology that supports personalised and secure digital experiences while retaining flexibility for future development. Alkami positioned the platform as a foundation intended to support Strata Credit Union's member engagement over the longer term.
Industry context
The partnership reflects an ongoing trend among US credit unions to consolidate digital banking, payments, and financial wellness functionality within single platforms operated by external technology providers, rather than maintaining separate systems for each function. Vendors offering open and extensible architectures, such as Alkami, are positioned to support this consolidation by enabling integration with additional third-party tools over time.
For credit unions, such partnerships are typically aimed at supporting member retention and engagement in a market where digital banking capabilities increasingly influence member choice of financial institution. At the same time, the addition of financial wellness features, including spending insights and savings tools, aligns with broader industry efforts to position digital banking platforms as tools for financial management rather than purely transactional interfaces.
