RICHARDSON, Texas, Aug. 6, 2024
/PRNewswire/ -- Texans Credit Union (Texans), a
premier credit union in North
Texas, proudly announces the launch of Atomic Financial's
(Atomic) direct deposit switching solution in partnership with
Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading
cloud-based digital banking solutions provider for financial
institutions in the U.S.
This integration seamlessly incorporates Atomic's market-leading
technology and Alkami's Digital Banking Platform, empowering
Texans' members to manage and transition their direct deposits with
enhanced efficiency through their payroll providers. Members can
now independently initiate changes without the involvement of HR
representatives.
The product enables the credit union to benefit from a
streamlined, fully digital process to set up and switch direct
deposits, contributing to increased deposit growth, improved
account acquisition and stronger primary member relationships. This
enhancement has shown a significant increase in direct deposit
conversion rates for Atomic partners while eliminating paper
processes, reducing wait times associated with traditional methods
and optimizing the cost-effectiveness of deposit acquisition.
"Our commitment at Texans is to prioritize our members and
continually innovate to elevate their experience," said
David Frazier, president and CEO of
Texans Credit Union. "Partnering with Atomic and Alkami allows us
to lead in financial institution advancements, ensuring we deliver
cutting-edge solutions that meet our members' evolving needs."
Since 2022, Texans has collaborated closely with Alkami to
introduce a software development kit featuring open application
programming interfaces (APIs) to develop customized digital banking
enhancements, including a user-friendly online loan application
interface. These advancements optimize processes for members and
employees, offering enhanced functionality, increased customization
and greater control over account features for a cohesive and modern
digital banking experience.
"We are thrilled to support Texans Credit Union in enhancing
their digital banking solutions with the implementation of Atomic's
direct deposit switch. This integration aligns perfectly with
Alkami's commitment to providing financial institutions with
innovative technology that elevates the user experience. By
leveraging our digital banking platform, Texans Credit Union can
offer its members a seamless and efficient way to set up and manage
their direct deposits, reinforcing their position as a leader in
digital banking innovation," said Jeff
Chen, vice president of product management at Alkami.
"At Atomic, we are dedicated to creating exceptional user
experiences for financial institutions of all sizes," said
Andrea Martone, chief product
officer at Atomic. "Our partnership with Texans Credit Union and
Alkami Technology exemplifies this commitment. By integrating our
direct deposit switching solution into their digital banking
platform, we are empowering Texans' members with seamless,
efficient and independent control over their financial decisions,
enhancing their overall banking experience."
For more information about Texans Credit Union and its enhanced
digital banking offerings, visit www.texanscu.org.
About Texans Credit Union
Texans Credit Union is a
not-for-profit financial institution serving North Texas members since 1953. Headquartered
in Richardson, Texas, Texans
Credit Union has more than 120,000 members and $2.2 billion in assets. Our mission is to provide
members with exceptional service, value and financial products to
help individuals achieve their financial goals. We offer a full
range of banking services, including checking and savings accounts,
loans, mortgages, credit cards and investment options. Texans
Credit Union is one of the largest credit unions in the state. For
more information, please visit texanscu.org or follow us on
LinkedIn, Facebook and Twitter.
About Alkami
Alkami Technology, Inc. is a leading cloud-based digital banking
solutions provider for financial institutions in the United States that enables clients to grow
confidently, adapt quickly, and build thriving digital communities.
Alkami helps clients transform through retail and commercial
banking, digital account opening, and data and marketing solutions.
To learn more, visit www.alkami.com.
About Atomic
Atomic is a leading financial
connectivity platform trusted by over 195 financial institutions
and fintech firms, including 13 of the industry's largest
digital-first neobanks and 6 of the top 10 financial institutions.
Atomic serves as the essential bridge between consumer data and
financial solutions by allowing unparalleled access to payroll,
HRIS systems, and merchants, facilitating a range of financial
services including direct deposit switching, income and employment
verification, payment method updating and subscription
management. For more information, visit
https://atomic.financial.
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SOURCE Texans Credit Union