Alkami Technology, the fast-growing digital banking firm headquartered in Plano, is acquiring a Tennessee company that specializes in electronic payments fraud prevention technology.
The deal for privately owned ACH Alert extends Alkami’s cloud-based platform by adding fraud prevention and secure money movement technology, according to a Tuesday announcement by Alkami. Terms of the deal weren’t disclosed.
ACH Alert’s 20 employees will continue to work from the company’s offices near Chattanooga, said Alkami chief financial officer Bryan Hill.
In a statement, CEO Mike Hansen said the deal gives Alkami “market-leading fraud prevention capabilities.” ACH was founded in 2007 to make electronic,