Alkami announced that Harvard Federal Credit Union has integrated MANTL’s Onboarding & Account Opening Solution into its Digital Banking and Data & Marketing platforms. The credit union will deploy omnichannel account opening tools—desktop, mobile, in-branch and in-the-field—to streamline retail and business client acquisition. Automation capabilities will handle over 85% of application decisions, including KYC, AML and BSA checks, funding and core booking, reducing manual intervention and improving operational efficiency. Harvard FCU expects the unified platform to accelerate member growth, drive deposits and reinforce its relationship-driven service model.

Alkami’s SaaS-centric revenue mix remains highly recurring, with approximately 96% of sales derived from subscription fees and implementation services. Third-quarter 2025 annual recurring revenue reached $449 million, marking double-digit growth year-over-year. Registered users climbed to 20.9 million, reflecting broad adoption among community banks and credit unions. The company has sustained revenue growth of 31.5% in Q3 and 36% in Q2 of 2025 despite market headwinds, underscoring the stickiness of multiyear contracts and the structural shift toward modern digital banking platforms for smaller financial institutions.

A consensus of ten brokerages assigns Alkami a “Moderate Buy” rating, with an average 12-month price target of $36.00. Among the analysts surveyed, six recommend buying the shares, three maintain a hold stance and one advises selling. Recent guidance from major firms saw price targets range from $25.00 to $40.00, reflecting confidence in Alkami’s subscription model and large addressable market. Analysts highlight the company’s ability to capture share in a digital banking software market growing at 5%–8% annually and note its competitive positioning against legacy incumbents and fintech challengers.