Gate City Bank’s decision to partner with Alkami Technology signals a significant step towards modernizing its digital banking services. The bank, which has been serving communities in North Dakota and central Minnesota since 1923, is aiming to enhance its online experience for both retail and business customers. Central to this partnership is Alkami’s comprehensive suite of cloud-based digital banking solutions, which promises to redefine how customers interact with their finances online. Through this collaboration, Gate City Bank hopes to leverage Alkami’s robust data analytics to provide a more personalized banking experience, offering improved transaction visibility and better account management capabilities.
The integration of Alkami’s single platform for retail and business banking includes advanced features such as Positive Pay for transaction monitoring and efficient new account opening functionalities. These innovations are designed to help business clients manage their cash flow more effectively while mitigating risks associated with fraud. Gate City Bank’s substantial asset base of $3.6 billion will benefit from these enhanced digital tools, ensuring that customers have access to state-of-the-art banking solutions. This move is part of the bank’s broader digital transformation strategy, which also includes a long-standing partnership with Fiserv for payments processing through the DNA core account processing platform.
This trend of financial institutions upgrading their digital banking systems is further highlighted by Kemba Credit Union in Ohio, which also recently partnered with Alkami Technology. The focus on embracing advanced digital banking solutions reflects a broader industry shift towards enhancing customer experiences and increasing operational efficiencies. By adopting Alkami’s technology, Gate City Bank aims to stay ahead of the curve in providing its customers with top-tier digital services, ultimately solidifying its position as a forward-thinking institution committed to continuous improvement and innovation in the banking sector.
