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$2.4 Billion Sandia Laboratory Federal Credit Union Selects Alkami ORB Digital Banking Platform

Sandia Laboratory Federal Credit Union (SLFCU), New Mexico’s largest credit union with $2.4 billion in assets, has selected Alkami Technology’s ORB platform to transform its digital banking offering for its 84,000 members.

Alkami’s ORB will provide SLFCU’s members with a convenient way to manage their finances. Users will have access to a modern, consistent digital banking platform that is user-friendly across all devices and functions including retail, mobile, bill pay, personal finance management (PFM), Person-to-Person payments, marketing and more. After SLFCU’s conversion to the Corelation Keystone core operating system in late 2018, the credit union’s business members will also be able to take advantage of the Alkami online banking system. Additionally, the platform allows SLFCU to build its own apps and product extensions as well as integrate new features and functions for all lines of business, creating a highly customizable user experience.

“Alkami Technology was selected for a number of reasons, including the ability to incorporate both retail and business accounts on a single platform, providing a more robust experience for business members,” said Srinivasa Sastri Siravuri, SLFCU’s chief information officer. “In addition, the Alkami platform offers improved infrastructure and monitoring, as well as the opportunity for SLFCU to introduce future technological improvements in the online and mobile channel faster and more seamlessly.”

ORB’s highly scalable architecture easily supports broad and fast-growing user bases. It also houses an integrated content management system that delivers dynamic, real-time, one-to-one product marketing and educational content with visibility into cross selling opportunities. ORB allows SLFCU to successfully promote tailored products and services to both its retail and business members in a way that is relevant and timely.

Robert Chavez, president and CEO of SLFCU, added, “We’re looking forward to being able to offer our members a more intuitive and engaging user experience, with relevant content delivery, real-time alerts, and enhanced personal financial management tools. The single platform across all devices will mean a more integrated look and feel, as well as improved functionality for our members.”

“The importance of a consistent experience across retail and business digital banking platforms is increasing as the entrepreneurial spirit of younger generations grows,” said Stephen Bohanon, founder, chief strategy and sales officer of Alkami Technology. “Millennial business owners expect a user-friendly digital banking experience that is just as advanced and uniquely tailored to them as their retail experience. To win the business of these consumers, innovative institutions like SLFCU are updating their digital banking platforms, ensuring that a homogeneous experience is available for all types of accounts. SLFCU is making it a priority to stay innovative, and we’re excited to partner with them to achieve their goals.”

About Sandia Laboratory Federal Credit Union
Sandia Laboratory Federal Credit Union is New Mexico’s largest credit union by asset size, and serves more than 84,000 members with eight branches in the Albuquerque, New Mexico area and two in Livermore, California. SLFCU currently holds over $2.4 billion in assets and is consistently ranked among the top credit unions for total financial return to members by Callahan and Associates, Washington, D.C. (www.creditunions.com). Formed in 1948 by employees of Sandia National Laboratories, the field of membership served by SLFCU now includes a number of companies in New Mexico and California. Employees of those companies and their family members use SLFCU for financial services that include checking, savings, home mortgages, auto loans, credit and check cards, and investment services. Members enjoy a nationwide, surcharge-free ATM system and free online and mobile account services. The Credit Union is federally insured by the National Credit Union Administration (NCUA).

About Alkami Technology
Alkami Technology, Inc. provides online and mobile banking solutions for credit unions and banks. Based in Plano, Texas, the company’s flagship product, the ORB Platform, delivers security, flexibility, extensibility and a superior architecture for the future of digital banking. With its modern interface, intelligent content delivery system and customizable feature set, the ORB Platform is the ultimate digital banking solution for financial institutions. Alkami provides the ORB Platform as a SaaS solution. For more information about Alkami, please visit www.alkamitech.com, visit them on LinkedIn at www.linkedin.com/company/alkami-technology or on Twitter at @alkamitech.

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