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