M&AUS

Alkami Acquires ACH Alert to Add Fraud Prevention for Banks

On October 6, 2020, Alkami Technology announced the acquisition of ACH Alert, a provider of payments fraud prevention technology. ACH Alert's solutions include real-time ACH debit approval and check positive pay services that help financial institutions combat unauthorized transactions. By integrating these capabilities into its digital banking platform, Alkami enhances the security toolset available to the banks and credit unions it serves.

The acquisition reflects growing demand among community and mid-size banks for embedded fraud prevention within their digital banking infrastructure. Financial terms of the deal were not publicly disclosed. The combined offering positions Alkami to deepen its role as a platform provider for banks seeking to modernize their digital operations while strengthening risk management.

The deal was completed in October 2020.

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Implications
  • Consolidation of fraud prevention tools into digital banking platforms signals banks' preference for integrated solutions over point products
  • Strengthens Alkami's value proposition ahead of its eventual IPO, deepening its embedded finance platform for community and mid-size banks
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