Alkami and Greenlight Partner to Bring Youth Banking to Financial Services

Core Insights - Alkami Technology, Inc. partners with Greenlight Financial Technology, Inc. to enhance financial education and money management tools for kids and teens, while also aiding financial institutions in growing deposits [1][2][3] Company Overview - Alkami is a leading cloud-based digital banking solutions provider in the U.S., focused on helping financial institutions grow and adapt through various digital solutions [5] - Greenlight is a family fintech company aimed at helping parents raise financially smart kids through its banking app and debit card for children and teens [6][7] Partnership Details - The collaboration allows Alkami's clients to offer Greenlight's mobile app, which includes features for earning, saving, spending wisely, and giving, along with parental monitoring tools [2][3] - The integration of Greenlight's financial literacy tools into Alkami's platform provides banks and credit unions with resources to teach responsible money management to families [3][4] Educational Features - Greenlight's app includes interactive educational features such as the Level Up™ financial education game, which helps families build healthy financial habits in an engaging manner [3] - Parents can link existing Greenlight accounts or create new ones directly through their financial institution's mobile banking platform, enhancing accessibility to financial education [3] Industry Impact - The partnership is positioned to help financial institutions attract and retain depositors by offering a youth-friendly banking solution that prepares kids for adult accounts [3][4] - Greenlight collaborates with over 100 banks and credit unions to expand its family finance solutions, emphasizing the role of financial institutions in fostering strong financial habits among younger generations [7]