Alkami Technology Inc. – a company that offers cloud-based solutions to banks and credit unions in the United States – has partnered with the NYDIG to provide bitcoin services to the Idaho Central Credit Union (ICCU). Customers of the bank will now be able to purchase and sell crypto units through its mobile application and its online banking platform.
Alkami and the NYDIG Bring Crypto and Traditional Finance Together
In an interview, Mark Willden – chief information officer at ICCU – explained:
ICCU is the fastest growing credit union in the state of Idaho and one of the best performing credit unions in the country. To maintain that momentum, we want to continue offering new services as part of our digital menu and deliver additional value in support of the financial goals and investment desires of our members. Fully integrated bitcoin services through NYDIG and the Alkami platform takes us to the next level when it comes to the member experience.
The bank and other institutions throughout the country have struggled to meet the growing crypto demands of their customers. Many have seemingly turned their backs on standard financial products and services and are now looking to get their hands on crypto, which is often touted as the money of the future. As a result, we are seeing more banks throughout the U.S. and abroad working to ensure their customers remain happy and get the crypto-based tools they need.
The ICCU is unique in that it is allowing customers to access both traditional finance and crypto-based products and services through the same platform, providing equal protection in both instances. Stephen Bohanon – co-founder and chief strategy and sales officer at Alkami – stated:
Alkami is dedicated to empowering our clients to stay relevant with the future of finance. That’s why we partnered with NYDIG to enable financial institutions to extend bitcoin options to their own users within a trusted, secure solution. We are excited to help another financial institution confidently adapt and thrive in the digital banking age.
The Company Has Done Quite a Bit
Patrick Sells – chief innovation officer at NYDIG – also threw his two cents into the ring, commenting:
ICCU’s focus on member experience and on providing a diverse array of solutions has enabled it to build a reputation as one of the nation’s leading credit unions, and its decision to implement bitcoin services through NYDIG and the Alkami Platform can supercharge that growth. Credit unions nationwide are eager to evolve and ensure their members have access to the promise of bitcoin, and we at NYDIG couldn’t be prouder of the role we are playing in enabling that evolution.
Thus far, Alkami has formed partnerships with nearly 300 financial institutions throughout the country. The purpose of the firm is to help institutions and traditional investors adapt to the growing world of crypto and modern money.
