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FT Partners Advises Segmint on its Sale to Alkami

Overview of Transaction

  • On March 28, 2022, Alkami (NASDAQ: ALKT) announced it has agreed to acquire Segmint Inc., a leading financial data analytics and transaction cleansing provider
  • Powered by data scientists and artificial intelligence, Segmint is a leader in making account and transaction data usable and meaningful for financial institutions of all sizes and sophistication
  • Segmint’s powerful data analytics capabilities will enhance Alkami’s solutions, allowing institutions to understand their account holders and deliver a high degree of personalization across multiple channels

Significance of Transaction

  • Allows Alkami to provide its banks and credit unions access to meaningful and usable transaction data powered by artificial intelligence to expand customer relationships through digital banking
  • Segmint’s algorithms are derived from analysis of billions of transactions, providing financial institutions with customer segmentation based on Key Lifestyle Indicators® (KLIs®) that blend demographic, psychographic and behavioral data points
  • Expected to expand Alkami’s total addressable market by up to $1 billion and enable new cross-selling opportunities across a larger installed base
  • Segmint currently serves nearly 150 financial institutions and approximately 15 million account holders

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to Segmint
  • This transaction highlights FT Partners’ industry-leading expertise within the Bank Software space and its successful track record advising companies powered by Machine Learning / Artificial Intelligence