Citizens Bank Expands Alkami Partnership, Adopts MANTL for Digital Account Opening
ALKT sits 19% above its 52-week low of $14.11.
Summary
Citizens Bank, an existing Alkami client with $1.4 billion in assets, is expanding its relationship by adopting Alkami's MANTL solution to enhance digital account opening across all channels. This upsell demonstrates Alkami's ability to grow revenue within its existing client base and highlights the value proposition of its MANTL product for streamlining banking operations. The news adds to recent positive momentum, including strong Q1 results and significant insider buying by General Atlantic.
At the time of this announcement, ALKT was trading at $16.82 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.8B. The 52-week trading range was $14.11 to $31.18. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.