BankCherokee, a family‑owned community bank headquartered in St. Paul, Minnesota, announced that it has implemented Alkami Technology’s Digital Banking Platform for its retail and business customers. The deployment, completed on February 18 2026, delivers a cloud‑native digital experience that includes fraud protection, positive pay, and ACH reporting, features designed to enhance operational efficiency and customer satisfaction.
Alkami’s platform is built to provide a modern, end‑to‑end digital banking solution. The new deployment equips BankCherokee with real‑time fraud monitoring, streamlined positive pay for check processing, and automated ACH reporting, all of which reduce manual effort and lower the risk of errors. The platform’s integration also supports a seamless mobile and web experience for the bank’s customers, aligning with industry trends toward fully digital banking services.
For Alkami, the BankCherokee win is a notable expansion into the Twin Cities market and adds a long‑standing community bank to its growing list of institutional clients. The partnership demonstrates the platform’s appeal to community‑bank customers and underscores Alkami’s strategy of targeting banks that require scalable, cloud‑based solutions to modernize their operations. The win also signals continued demand for Alkami’s digital banking suite amid a broader industry shift toward digital transformation.
Alkami reported strong revenue growth in FY 2024, with a 26.1% increase to $333.8 million, but its operating margin remained negative at –13.4%. The company’s financials reflect significant investment in product development and market expansion. An activist investor, Jana Partners, has expressed interest in a potential sale, and Alkami is expected to announce its Q4 2025 earnings on February 25 2026. The new customer acquisition may help Alkami improve its margin profile over time by adding recurring revenue streams and demonstrating the scalability of its platform.
The announcement was met with a mild positive market reaction, reflecting investor interest in Alkami’s continued customer growth and the broader trend of banks adopting cloud‑native digital solutions.
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