Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., announced today its partnership with Greenlight Financial Technology, Inc. (“Greenlight”), a leading family fintech company that empowers kids and teens with smart money management skills.
With money habits forming as early as age seven, Greenlight’s family finance application (app) can give kids and teens hands-on money management interactions with parental supervision, while providing a channel for banks and credit unions to grow deposit accounts.
Through this collaboration, Alkami’s clients can now offer their account holders access to Greenlight, a debit card and finance mobile app experience that enables kids and teens to earn, save, spend wisely, and give. Greenlight also gives parents tools for monitoring transactions, automating allowances, and tracking spending—all integrated within Alkami’s Mobile Banking Platform.
“Our partnership with Greenlight aligns perfectly with our mission to empower financial institutions with innovative, user-centric digital solutions,” said Josh Winstead, vice president, corporate development at Alkami. “By integrating Greenlight’s financial literacy tools, we are enabling banks and credit unions to offer families an invaluable resource for teaching responsible money management—helping attract and retain depositors by providing a trusted, youth-friendly banking* solution that seamlessly transitions kids into adult accounts.”
With built-in parental controls, chore tracking, and interactive educational features like Greenlight’s curriculum-based Level Up™ financial education game, families can build healthy financial habits in a fun and engaging way. Through Alkami’s integration, parents can link existing Greenlight accounts or register for new ones directly through their bank or credit union’s mobile banking platform, making financial education more accessible than ever.
“Greenlight partners with financial institutions across the country because banks and credit unions are uniquely positioned to help younger generations develop strong financial habits,” said Matt Wolf, senior vice president of business development at Greenlight. “Working with Alkami to bring Greenlight’s suite of family banking* tools to its customers advances our mission to help parents raise financially-smart kids.”
“At Valley Strong Credit Union, we are committed to providing our Members with innovative tools that support financial well-being, including kids and teens to help them spend and save with confidence,” said Christina Trayers, vice president of product at Valley Strong Credit Union. “Integrating Greenlight through Alkami’s Platform has allowed us to offer families a powerful way to educate their kids on financial responsibility—right from their mobile banking experience.”
Greenlight will also be attending Alkami’s Co:lab conference in Nashville from March 31 – April 2, 2025, where attendees can meet with the Greenlight team in the Innovation Lab to learn how financial institutions can equip families with youth banking* solutions that drive financial literacy. More details on Alkami’s Co:lab can be found here.