ALKT - Earnings call transcript Q1 2024

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Operator

Good afternoon, ladies and gentlemen, and welcome to the Alkami Technology First Quarter 2024 Financial Results Conference Call. [Operator Instructions] I'd like to turn the conference to Steve Calk, Vice President of Investor Relations. Steve, go ahead.

Steve Calk

Thank you, operator. With me on today's call are Alex Shootman, Chief Executive Officer; and Bryan Hill, Chief Financial Officer.

may statements statements matters about future we other guidance regarding call, performance. forward-looking make guidance today's make about forward-looking and our During and other are current are and on statements various management's These expectations and based and subject uncertainties. to risks views

may results different. materially be actual Our

of associated Statements. entitled XX-K a to and forward-looking Forward-Looking refer with Risk statements, latest summary For press in release our our please today's and risk factors the sections Factors

no of Statements to made are call revise and statements. update obligation during undertake these being made or today, we as the

Also, be in found unless of to reconciliation our otherwise our in filings measures We call stated, of financial measures release A be SEC. the with useful discussed on believe the earnings press on comparable this investors are our basis. understanding results. will in GAAP the a and financial non-GAAP financial can these measures

over to call I'd now the to like Alex. turn

Alex Shootman

million In to XXXX, delivered am Steve, quarter the of you, of today. us Thank ended million above We to X expectations. I performance. million platform, first thank joining high with XXXX. Alkami adjusted and in report XX% and another QX XX.X the for our registered grew QX EBITDA, live revenue all compared end up the quarter pleased you strong we users $X.X on of both

being Our a results to vibrant a our combination priorities. in execute are of market on and continuing

I've country earnings XX client X face-to-face call, last had themes those common and the Since emerged conversations. regions our of meetings in across different

growth First, we are in market. a

platform are clients investments. from seeing our the our Second, benefits

multiple opportunities Alkami. term is drive platform opportunity And Third, fourth, to for a our data long large there for exist AI.

accounts million accounts. at client X.XX up adult from XXX Every strategy. have accounts X.X User of almost growth are Today, users the financial which That's growing, and accounts, has clients represents average a mindset. a time IPO. our met million user growth or I our per with XXX the has adult U.S.

extending playing growing, are they or certain beachheads. some about establishing building specialties, geographically, are growing into are types not commercial of defense. virtual Others thinking Some but all loan banking are

written lot XX community institutions contracted will number about and which regional X% year over still over of means now. institutions gets the of is be A there a decade but the the FIs per has years, a reality contraction consistent financial from X,XXX

tend clients chain merger of at a ones are happens, When with they be Our they another as merge don't to has the who food top consolidating. FI same and customers do. the the

means for consolidation seat growth Alkami. So generally

independent financial we in is open are digital only growing an found user in party Alkami regional from through financial number community they the switching comparison is counts regional Not say of a digital January, of in and year-over-year. commission community XX% banking our third but XXXX. That's FIs up a ideal client this providers. within XX% institutions profile. open providers banking study among and to switch are a up to And institutions

credit unions next same in addition, anticipate In And over XX% in of increases and banks XX XX% credit their that of about months. future their banks financial and budgets they of said were XX% the XX% in technology of XXXX. optimistic study,

areas we because investments. are growing platform clients serve our mindset. Every them met with I growth through is market that business improvements have recognizes who Our is a growing making with client in to are a we important that

has platform banking the of XX/X most it performance. attributes of is One amazing and that critical runs the digital

our differentiate million all our capabilities functionality the new developer improved user. But our that quality data over hours usage increased crash-free mobile their by rate response type in we lake for The last count adding year, user architectures, platform over application market. and product and improvement XX% an in on our messaging to our mindset broad-based a will while observability, eliminated releases, clients the are uptime telemetry we've delivered downtime begins. $XX over application, achieved Over to add major by time a interoperability. With now XX% investments, and platform growing reducing XX Xx timestamp API-centric Alkami our really fun per will cost allow of

going I'll got hey, to to our the that We market client while drive meetings associated deliver point our AI using clients time, And of is in should our will while need to end the clients X are we quite of and of that, some to have banks models. type continuing Alex, that been to my at made AI onto what evaluating when scene remember the of and they've really burst majority the economics be we at mega AI? for scale. In doing been strategy, up their question, only AI with in parts: XXXX, it I able data GenAI the remind platform it bring with was time. do exciting some they

data Data for It AI normalized The cleansed, characteristics and maintained, data needs a scale. X for and must these characteristics. Alkami platform well, has is fuel be to run curated. X AI at

billion have and Our concerns. and about with of our through data AI of along apply that deposit day. The with AI our financial historical business, the as regional part contains scale shows this and in XX data million of community XX performance data mirrors ties added million clients adopting which institutions siloed we nature our and completed, The sets XX to each security new transactions barrier achieving top their accounts outcomes. research platform regulatory transactions platform are business allows

to drives list of good model that driving growth customer daily likely patterns which and a is recognize behaviors drives adopt is predictive financial insights AI, used account in needs. for good perspective, holders identifies FIs a financial products. holders model account predictive targeted and holders account clients Our to a This a classification Alkami. From has build new model identify data shifts that to model, and predict grow which to stay, by most Alkami

being use targeted activated and in AI regional among insights rank today. the institutions cases financial banking Customer and top offers community consistently digital

agreed XX% all being them data personalized and their processed users use provider shows for better This banking banking a cases wish financial the experience. The will makes experience by saying models I transaction customer data they're AI productivity. offers pursue and XX% comfortable of banking content half be personalized support digital our it fraud met more with, a if gave models with based they will the other that offered their millennials in with upon digital text for and of sense, near given clients employee based unstructured term, upon or research

Alkami We platform and is can differentiator long-term Alkami. a major a believe become for growth contributor the data

a I near increase through Dallas, hundred conference event year. with attendees, history our We the had our held April annual addition met XX% the at with the the got XX. spring, clients last in which X I see several In XXX to over more largest over is to

being As with is in banking these XX% Chief were as that in of as attendees CFOs, executive roles, topic Technology rolls evidenced were CEO, strategic for a Officers. technical financial digital prospect XX% and CMOs, the CIOs roles and such XX% institutions, client business such of other

qualified of strength conference a last our to by The pipeline in in demand year. compared market prospect demonstrated XX% our at was increase

as over banking days, new with out parts from our and pulled our team exciting up and skies coordination the developers services X in the attendees, first event and created close hackathon our demonstrating we're products off to where opening and marketing A communities investments client innovative partner included few amazing XXX platform. over digital an eclipse-viewing making our banking ever women [indiscernible] celestial Dallas conference We an event. for and the had a cleared of

company the last had all over many pace of I've and client continue to belief at my for reinforced couple of grow interaction our the a years. closing, potential to In has months of healthy the

our us have customers and and no does for like for and turning with. members. they partner company, a their reinventing, Everything is our trust Our clients culture, up They know like their they digitizing to they to like and transforming back. can as a in work like for operation software what there's

in the areas Alkami. To me for which position potential, to participate the we invest we'll will digital XXXX, long-term broadening ourselves on on the the long-term year. launching upon growth. to in Alkami our will clients our banks. growth our they our beyond product If priorities in our opportunity the in maintain We'll we focus beginning to I excellence build invest new We'll in for satisfaction. and banking, prospects experiencing maintain outlined at give we're invest the bullish of very support makes leadership necessary client momentum in continue portfolio, We'll infrastructure

interaction level of with reinforces that to our execution to really customer It's it's the and Alkami. a get so that's start of strength market. great happening reassuring the exciting across see much And the quarter year

our great that their investors you trust our Alkami Alkamist you clients as as business software the thank you continue company. and build all to our the a Thank partner North to to keep with we us clients with to who Star, thank that

good to the to We putting keep will have Bryan. to technology. I'll deserves work now this them hand call because over industry

W. Hill

Thank you, afternoon, Alex, good and everyone.

the and XXXX, continue pipeline quarter for both clients. new our existing additional healthy deliver our to to products among strong and first results sales clients financial continue During we of demand in see for

For achieved and Subscription the grew growth million, of ARR XX% at We revenue. year-over-year also exited XX% quarter which XXXX, revenue of revenue XX%. million. represents the we $XXX increased represented XX% first quarter approximately by total total of $XX.X and of

implemented occur XX.X platform, We implementation higher in of million or XXX,XXX new users. representing clients XXXX new XXX. and the X XX backlog digital with year-end digital last users quarter will in platform next quarter, our currently majority We ARR We have to have over digital registered clients bringing approximately of compared digital now $XX our in to million our months. X count on the up We live client X.X users implementation banking banking XX year. the XX% million the backlog than which exited million

we million the XX Over institutions months, financial digital supporting implemented XX last users. X.X

increased by their our adoption user digital million addition, clients existing In users. X.X

banking churn last compares X% ARR. In our not to expect X%. X% experience expected the did over of X less of XXXX, representing churn, we XX in long-term we terms and clients than lose any This digital average to to months, client of churn

of quarter RPU average X% add-on last a an onboard of which addition and who $XX.XX, by to tend with than We the higher is RPU. success with new year, ended driven sales higher the clients

healthy to product our We demand across continue portfolio. see

platform clients sales sales for represented of the Our sales our We first over quarter over and of add-on digital performance effort XX%. new new banking XX% outpaced signed quarter. XXXX X XXXX new by

led and fraud protection, the service financial data quarter of first our For categories marketing, and wellness XXXX, insights product clients. adoption our among customer

add-on sales to renewals. team addition for responsible In contract client sales, is our client

or XX more renew client XXXX. relationships to in expect We

ago. client, XX obligation purchase remaining year and U.S. our reached XXXX, During $X.X the largest first a we representing quarter relationships, finally, ARR credit client renewed our higher including billion, And X Xx of top than our XX% union. a

gross Now to turning margin.

XXXX, points the of XXX of For when improvement XX.X%, quarter. in Gross compared expansion expansion from hosting operating across operations. to combined basis representing per margin first post-sale year quarter was non-GAAP cost our registered with resulted user margin prior gross leverage our the

Moving expenses. to operating

while this platform to focus offering. the our quality of expand enhance quarter our XXX of first G&A, leverage operating continue million our of Related $XX.X improve basis areas the category. and the we banking in scaling R&D commercial drive invest led points. Operating of of For operating or operational market include revenue fit to where efficiency by R&D, represented initiatives and an product expenses scale. to product and Investment was offering, platform, XXXX continue expense of realize extensibility XX.X% cost leverage we to

we expenses, As go-to-market high to marketing for non-GAAP of sales level productivity achieve and efficiency. and team continue sales a

months, marketing this increased for marketing X.X:X and of terms million we investment. $XX in our representing in and investing while of to million and efficiency sales SaaS believe $XX efficiency. ranks an XX ARR last sales ARR marketing, among best the the creation We ratio For sales in

profitability. to Moving

quarter are our becoming with third We adjusted since in pleased positive EBITDA XXXX. the progress of

for EBITDA quarter is high first which the expectations. $X.X our was better end million, than adjusted Our the of

and and securities. ended to moving $XX our quarter with balance We Now million the marketable sheet cash liquidity. of just under

by year provides $XX flow million borrowing produced facility $XX cash and positive million. We revolving operating that undrawn exceeded Our capacity. approximately credit last of remains

guidance. to turning Now

XX% quarter guidance second million. in $X.X guidance to to the revenue XXXX, the the of which Related million, providing revenue range are XX% of to million range For XX% growth. XX% we $XX to $X.X revenue for are represents total adjusted of in million to growth we providing EBITDA, subscription $XX.X and

representing XXXX, total year guidance revenue million of XX% for are XX% subscription full revenue million, to $XXX.X in the growth to of range growth of For XX%. and XX% $XXX we providing revenue to

are guidance $XX.X providing of million We also adjusted $XX.X to million. EBITDA

to be conference, in client from expect the second as adjusted our low point Because of performance the our the impact timing EBITDA such expense quarter we XXXX. of

our and execution, both In operationally closing, financially. continued with I'm pleased very

costs continued margin cross hand the managing growing demonstrating in margin Alkami adjusted the We gross and in our the the and premier that, XXXX digital are objectives success questions. our marketplace. With We establishing over XX% to while market all the to operating provider investments. operator call discipline XX% remain for in over track on and EBITDA now as I'll banking

Operator

the comes Citizens [Operator line of Walravens Instructions] JMP. Your question from from first Patrick

Patrick Walravens

Great.

comment you more? your of that investments in What platform. remarks was open a they? So you. what's the for the you introduction much of One what's Alex, about Thank question kind so little you've made are And the later to the up driving super you driving bit Can thing for it. and about made that? tone was a business -- one That and helpful. talk that

Alex Shootman

across into have gotten X like an Yes. feedback the platform that company SDK they or both and the to we being SDK. It's through we for And able SDK. too APIs and Pat. they a SDK challenging. our customers supported them which platform, and development things, fragmented the the was had by that way they was we APIs center we access the the provision have is But the that process found Today, software would through from the the

support code to respect process would rebuilt consolidation and the access all of entire to the so and with provisioning the help SDK. get site a that's they the And as got we that the -- well built we of developer of the find ways snippets, SDK,

And more we're so worked platform things from longer an that we've API area platform -- perspective, API-centric. the term, an that We that will that's in there's the on. doing entire make

like customers a So access rather things of more than you allow do. into APIs different various that that to application use, to the set do allow having to they'd can would for the just APIs

piece So platform. of think second the an final API-centric transformation of a is Alkami into

Patrick Walravens

Right.

you, then, adds think so we And can year? how the about ask of in I Great. rest Bryan, should Okay. XXX,XXX that throughout QX, the net

W. Hill

Yes.

terms quarter implementations in Across be be second have will of and be to and QX XXXX then a QX growth it we user would user in for about the year, we'll even, to the we had that user reflective growth in in comparable QX, think XXXX somewhat lower little full growth should the and QX terms QX You and to QX, same of had quarters. but QX in compared the XXXX. of what in bit

Operator

Needham. the question Your next comes from line of Mayank from Tandon

Mayank Tandon

Alex and the quarter. congrats on Bryan,

So to is Alex, I slide Page X just more. bit think the that very helpful. into I dive little on wanted a

products? So with providers. you your the of you have expect XXX to a your And the terms think realistically, that you you that fast base as mind number portfolio users of in in that million at can with market? today legacy you would do that look How you could us much penetrate with share how we have capture

W. Hill

Yes.

that is the XX% coming is and new expect the and a algorithm implementation, of year our from the think we coming So XX% we user users remaining grow between so to base. growth from growth XX% existing way sales client about and result XX% our

existing today growing is Our XX%. base about

as our with cross-selling then the on And base clients into RPU clients occurring our because of side possess bringing on from new to when is a as additional ARPU XX them. algorithm about And we XX expansion products and other richer sell products products well growth expansion. more is ARPU average products our today, us only

ARPU expect should X% from expansion between X% So quarter-to-quarter. you and

Mayank Tandon

in just your then as update to follow-up, success an get space. I bank the quick on a Great. And wanted

of pipeline, unions. how banks much credit shared I you've think between some the breaks down versus metrics around in that your past,

that's update, change if give of So success? your go-to-market an to progression any there? strategy your And could you us if in that resulted kind drive

W. Hill

No.

a as force sales arranged we're strong really our credit adept our reps both client. at way well So that are union sales go-to-market into selling the pretty -- and is bank

point, our that go-to-market relates that. banks, just in step a But back there's at it focused no areas there's really on. So change this we're as X rhythm, to

market we evaluate United in last States a was that product view to that covered against party need we strong the we we the our on the market. And of call, that is ensure And third area had first as platform. in XX% our the have we a The quarter mentioned product are utilizing fit. management come businesses treasury

we have fit. So strong pretty product market

backlog The that And are XX second integrations. we have area clients is in around core banks. today,

represent and about integrations. are XX We that core live they X have

each in with So the of integrate we'll core going that and by have XX we implement end banks, in we're integrations into. core year, the XXXX, to multiple total,

for So that's us point proof as well. a

we commercial competed you rate space. call And bank greater it brand in recognition banking need We months, XX XX RFPs, about we've back if in it, look and over to need awareness. relates last market as win in, Third, mid-teens commercial the relates. it the the as our is

So making deals and the market. presented that are progress in the of being number being in out we're

be investment a couple we of And those will positions when a integrations fit about push then that credit success, space. accept new to from we interact our have roles, client from resources and to commitment that of individuals in higher it's XX a the at history drive evidence additional move who finally, it's days an have perspective for use legacy because help have having product will announcing truly internally next banks it Alkami unions. announce well from we'll to a rate. And and core a that a Now with commercial we well market the and implementation over win a product, hires XX

lot win XXXX. by year a having of coming about will making areas result XX% in progress that of new clients from banks of X we're ultimately foundational each goal the like we feel we those our So on

Operator

comes Your the Street. next Jacob Lake of Stephan question from from line

Jacob Stephan

rate the on quarter. that you Congrats touching just Maybe of kind on that win referenced.

last think came kind for trending of kind a sense last us give had kind quarter call, goal. down I that But of you been maybe guess, here, as XXXX? mentioned I shots that's since on a just -- you into could how last taking more the call result of

W. Hill

Yes. level mid-teens is of a consistently we of terms trailing quarter. it longer basis. executing X the compared win as of any we've rates at been like And in we evaluate way a historical on unions in more evaluate banks XX-month mid-XXs I rates time continuum the mean a mid-teens, that being to win on basis, of periods where time. in it the in relates of XX-month the kind we're looking credit over

We can outlined push our the in just with commensurate the with question. last more feel by in be that, credit space again, areas rate XXXX, that union my win we I to success X

Jacob Stephan

Got maybe if kind the won't why question, of such And guess just and efficiency that's sales high that's at by Okay. ARR but X.Xx you I divided Obviously, spend expenditures. a efficiency you that rate? you getting of on of touch it. kind kind sales marketing could nice, high, maybe more

Alex Shootman

is data there's of and Great thing about the a well customers lot market very the known, about our that are customers.

If of either you to because and think stimulate market. marketing, have trying markets sales on lot it's where spend the a to you you're money

that have or be market or product is a to a you you need. You've very, the got demand very found have and and new a that's by concept people a large, product to stimulate new have

regional we don't financial those have one either terms institution market. of us of and for is in do thing the community great to The things

demand. item, about about and banking financial have of spend the budgeted to it. a you're stimulate not sales line market that's information It's published Digital the regulated, is of known dollars tremendous institutions. having it's thing a to all And is this great there's solution. marketing then a because People amount so

precise. are up ability coming spend in is people to create pretty that dollars going precise on and it to are that their that in What contract, when results to territories -- is terms of us that's our allows very marketing be

prudent double marketing and to market itself. sales the because So the of don't be of a of all for our think sudden would expense, us nature we

still envelope we that drive to And us on and the have. business market we so that the sales maintain nature performance spend have marketing the allows and

W. Hill

And Yes. he Alex couple I'll to -- just more comments a how of what answered. make just

sales We are just marketing. our marketing. maintain XX% or marketing slightly we I at we're between growth to sales mean of investing and more and revenue And XX% growing and revenue in rate. expect and sales for below

marketing. And to for that us us provides But that would for the allows take more in in our companies provides versus result It to ratio value heavily very marketing for end investing sales that's our and a more market. best allocate sales allows we more, really by the marketing what the wins, dollars way otherwise having have approach and the and to those that base is And and and always efficient does sales platform. more spending invested value really then go-to-market in is our us invest client platform. platform more and

Operator

the of JPMorgan. Your Gogolev next from line Alexei question from comes

Elyse Kanner

This is Elyse Kanner on for Alexei Gogolev.

So regarding was my gross first question margins.

see kind You likely largely on you that rate to is wondering this driven exceed? by cadence mentioned for I we was you if the expansion exit XXXX expect any here? reducing how and about there's can hosting of year what costs. talked the target containerization focus kind the margin And upside of you'd the of and was it

W. Hill

Yes.

the to gross for XXXX. committed margin still XX% we're So

that activities efficient factors per going expect basis and efficiency the initiatives have more average QX. in lot that. better our continued around those than of becoming do operations, And did have year. cost and from and are as hosting described progression gross move our will we bit other We a post-sale basis areas. implementation I and making more per success but of to points XXX not XXXX, points per would in be margin on happens just better the to that so well that way the we user XX% we're drive than that with XXX a in year. And It we're So expansion a going is to far

Alex Shootman

with from it's doing of customers I perspective, the they've but really investment to we're to we're we're getting where improved us from is just important, is customer we the what turned onboarding to would which not delivering and pleased just gross as And that in margin, add about That's the thinking really the delivering else. onboard, continue platform. to that and results customers with just attractiveness we than when roles satisfaction how increased commentary services And Alkami. allow the a in doing team think responsibilities some they're they're how and scale onboarding terms be out customers anybody they're more things pleased

is and pleased with teams So Alkami business what really what the in the of both implementation terms teams and doing satisfaction. doing results platform customer are are

Elyse Kanner

as you maybe talking it. of adopting from new the follow-up, one than are you a between are were more Got breakdown credit And adopting with any unions customers then a Do quick products how if how adopting versus new expansion RPU comes there banks about your have more products. trends lot other?

W. Hill

No. same, products about... included . just couple in It's about but are the of when a

Alex Shootman

unions. credit between [indiscernible] and banks difference

W. Hill

except our banks product, commercial the But our of ACH always a take. of couple take that In they product, commercial that different Alert sell, a we same, take about always also for product is a adoption high will XX% banks product. then banking will RPU the is Yes. RPU which product. about And high the is products which the general,

RPU and those are XX are are those XX of of -- of backlog we of today, in I XX how Of what and the average XX drive mean credit higher clients banks. are you an -- average RPU have XX give at some of credit our of of are banks The an XX $XX RPU. unions ideas those had those can a higher RPU products those and those banks and you When So $XX. by backlog. look have unions I'll

So higher our backlog $XX.XX. driving of is about that and average up the company banks to are overall $XX Compare average. our

as new higher on coming RPU on, existing the base they're a coming at than today. logos are So much

Alex Shootman

a excellent do news is a and that for we've grown. that RPU surface really the higher credit coming Certainly, us is contribution sales digital to on team. want banking And for But what to got board. area banks unions both has of the great people with also

in are or And demand that pull products versus, X of number it, years so call X there's people a today terms purchasing ago.

Operator

next of from Your the question Van comes Jeff from Craig-Hallum. Rhee line

Jeff Van Rhee

the couple A product on side.

banks segment, whether unions, First, since I can I credit met too not gathering, met and you expectations. how on just and as it's bought that I mean, and or the struggling about want to -- are analytics. asset guess, talk really into you your correlate focused

Just curious, rates to it the overall attach then in And your terms any of terms thoughts relates maybe as in on but also deals, analytics it, recent segment. missed of I update to deals?

Alex Shootman

like me But more with that convenient is digital the trying of talked suffer were a happening the right? first pressures. open competing more the that's just I upwards Yes. One because they enable the that for account opening to from items accounts. account digital thing fraud So Well, all, XX% they attacks. you let really different to to opening, the X give folks anywhere fraudulent opening, to with like more commentary capabilities customers convenient that on interesting account really assets attracting of is customers our navigate they're were want offer opening. the digital can the that Several digital that accounts had XX% account of very of they

So money the easy I intersection on very we have interesting more intuitive those they the But account than by movement. say, analytics. they're then challenged customers this the what a experience. fraud. press is to digital and do discussion They overall, have to really I'll that want see open between and great get to But overall, on would just want more that

navigate. to somebody great a product Alkami provider and like an be a place both strategic for to provider that's So a a help customer

I -- what to seeing demand we're my data platform, mentioned seeing drive we're analytics. in is opening which the Alkami in able comments is that

know business for creating some I product Bryan, so is but terms separately, great we may line. in us. And you break of don't that that it out that's something results product And have commentary just

W. Hill

Yes.

sales the our little X this both bookings, our so contribute they of of a of well both segment new acquisitions, and ACH over year as full XXXX. terms Alerts, as of QX year contribution, In in XX%

last pretty consistent each the And to that's So XX contributing each. about XX been months. XX% those for of

towards So really it's weighted the not other. more one

Jeff Van Rhee

just next base And variation by opportunity think greatest see and where do curious, when about the helpful. But come additional the guess space you back see I Very your then it's year of last value-wise existing the X, -- or question. into product? a you the for product, greatest existing up-sells base upsell to white the or you

W. Hill

we products average, XX products, our on clients taking Jeff, that right now, we and have are of offer. XX our

So and around we top that is significant. in saw that depends adoption We segment. on other insights, on were strategy and that And in we few quarter that's those nice in predominantly marketing takeover and for then Alert, account was data some fraud the institution our adoption financial products. areas our institutions, fraud some service within And covers and Also customer because ACH where which the to the areas saw prepared white choose of they'll area, area. accomplish space type what first the a in. in of it those XXXX greater out to invest they're trying is areas the called comments financial of

which and play wellness, into and credit come subproducts. of types of to those then starts scoring AI through financial is where products around chats that's other types and So finally,

Alex Shootman

to stack into with -- either that me would either to and or bad keeping card I help get transactional card to be you that a me that I or keeping conversation, issuance digital from movement digital I guys help I then do want to easier able models analyze I tremendous data drive I fraud, want thing always leaving, manage it's make wallet. money One demand translate be amount that data so the out can of have if to push about a your internally can able and then on customer a money to

So anything that experience you a that's of you and a great our a customer for driving really think digital about for demand in read products. terms member, that creating

Operator

attending are Call. for There Thank the time. questions Alkami Earnings more at no you Quarter this First

disconnect. You may now

Alkami Technology (ALKT) 1 May 242024 Q1 Earnings call transcript