Alkami Technology Inc
08/21/2025 | News release | Archived content
$500M+ Raised in Deposits in Just 6 Weeks
How a Top U.S. Bank Transformed Its Deposit Growth Strategy
Ranked by S&P Global Market Intelligence as a top-performing bank, Merchants Bank of Indiana raised over $500 million in deposits in just six weeks-and reached $680 million in under a year.This wasn't just growth.
It was a strategic transformation.
Through a new approach to online account opening, Merchants Bank:
- Increased deposit growth at scale
- Strengthened fraud prevention capabilities
- Boosted automation and back-office efficiency
- Reduced account opening costs by 60%
- Achieved an industry-leading efficiency ratio
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Alkami Technology Inc published this content on August 21, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on September 01, 2025 at 10:11 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]