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Cloud-based banking solutions provider Alkami Technology has forged an alliance with Greenlight Financial Technology, a fintech company focused on family finance.
The collaboration offers Alkami’s clients, which include banks and credit unions, access to Greenlight, a debit card and finance mobile app for kids and teens.
Greenlight incorporates tools for parental supervision, helping them track transactions as well as automate allowances.
It also includes educational features, such as Greenlight's Level Up game, which teaches financial concepts in an interactive manner.
Alkami corporate development vice president Josh Winstead said: “Our partnership with Greenlight aligns perfectly with our mission to empower financial institutions with innovative, user-centric digital solutions.”
“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.”
Greenlight senior vice president of business development Matt Wolf said: “Greenlight partners with financial institutions across the country because banks and credit unions are uniquely positioned to help younger generations develop strong financial habits.”
“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.”
Greenlight is set to participate in Alkami's upcoming Co:lab conference in Nashville, from 31 March to 2 April 2025.
Attendees will have the opportunity to engage with the Greenlight team and explore how financial institutions can provide effective youth banking solutions that promote financial literacy.
Earlier this month, American Eagle Financial Credit Union selected Alkami's digital banking platform to offer a more intuitive banking experience.
Additionally, in August 2024, Alkami bolstered its platform's security by implementing credential stuffing protection.
"Alkami partners with Greenlight for youth banking solutions" was originally created and published by Retail Banker International, a GlobalData owned brand.
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