ALKAMI TECHN. DL-,001

Activist Jana Partners is calling on Alkami’s board to start a proper sale process and pursue realistic valuations. Jana, which holds more than 10% economic ownership, reports that potential buyers were deterred by a lack of cooperation and unrealistic price expectations. The investor had already in June requested contact with strategic and financial suitors and, according to sources, is also seeking a change in the board’s leadership. Alkami’s shares in New York are down about 23% year to date. » More on de.investing.com

Alkami has expanded its partnership with Plaid and gone live with the integration of account linking and financial-data analytics features into the Alkami Digital Banking Platform. Banks and credit unions on the platform can now instantly verify external accounts, consolidate transactions across multiple institutions, and use enriched transaction data with merchant descriptions and categories. The solution requires no separate vendor management or custom development effort and is intended to improve onboarding conversions and authentication rates, according to Alkami and Plaid. » More on de.investing.com

Activist investor Jana Partners has built an economic stake of more than 10% in Alkami and is pressing the digital banking software provider to engage with multiple interested parties about a potential sale. JPMorgan lowered its price target to $19 but maintained an Overweight rating, calling Alkami an attractive acquisition candidate given its leadership in a consolidated market and high customer switching costs. Alkami develops cloud-based digital banking platforms for banks and credit unions, offering account opening, payments, fraud prevention and analytics. » More on finance.yahoo.com