Alkami vs. Blend

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Alkami
Score 7.0 out of 10
N/A
Alkami aims to enable financial institutions to outsmart, not outspend, the Megabanks by providing a successful cloud-based digital banking platform. The Alkami Platform humanizes digital banking so banks and credit unions can confidently grow, adapt quickly, and build a thriving digital community.N/A
Blend
Score 6.2 out of 10
N/A
Blend is a digital lending platform that simplifies applications for mortgages, consumer loans, and deposit accounts. The company enables customers to process more than $4 billion in mortgages and consumer loans per day. Erin Collard, Eugene Marinelli, Nima Ghamsari, and Rosco Hill headquartered the company in San Francisco, California in 2012.N/A
Pricing
AlkamiBlend
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
AlkamiBlend
Free Trial
NoNo
Free/Freemium Version
NoYes
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
AlkamiBlend
Top Pros

No answers on this topic

Top Cons

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User Ratings
AlkamiBlend
Likelihood to Recommend
7.0
(1 ratings)
10.0
(1 ratings)
User Testimonials
AlkamiBlend
Likelihood to Recommend
Alkami Technology
If you are looking for a high-quality online banking product and you don’t want/need to customize it too much, Alkami is a great choice- it has a lot out of the box and the people are great. If you need a lot of customization, and you don’t have the internal resources to help you do that, Alkami may be a challenge to satisfy your needs.
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Blend Labs Inc.
I have not experienced any other system that can do what Blend does as easily as Blend. It's very well suited for the mortgage industry and its ability to communicate with Encompass. I don't think it would be a great CRM tool for a company that doesn't need multiple touch points to a client, for instance, if you simply need a name, phone number, and email address Blend would be overkill. Blend is designed specifically to capture a lot of specific details about a client's financial position.
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Pros
Alkami Technology
  • Mobile-first design is great on both iOS and Android.
  • Broad array of retail banking capabilities.
  • A large array of integrated partner products to enhance the core functionality of the base product.
  • SDK and API-centric architecture are helping to design for the future of banking applications.
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Blend Labs Inc.
  • Easy to use
  • Transfers between Blend to Encompass easily
  • Runs employment verification
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Cons
Alkami Technology
  • SDK and APIs are not fully mature - while they are functional and have a bright future, the support infrastructure is not fully developed.
  • Custom development can take a long time.
  • They may be focused on sales over support given their recent public offering.
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Blend Labs Inc.
  • Adding non occupant co-borrowers can be challenging
  • I wish we could mirror the client's screen in real-time so we can see where they are in the application
  • The user side can be a little challenging, some fields are required to be filled out even though they are not important to the application
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Return on Investment
Alkami Technology
  • Enabled a solid mobile first.
  • Ember experience.
  • Allowed flexibility via the SDK.
  • Allowed us to focus on the business needs over the technology infrastructure.
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Blend Labs Inc.
  • Blend allows me to manage my pipeline easily without having to resort to Excel
  • Captures things like birthdays allowing me to have a reason to call clients
  • Clients love that it's a secure portal, no more replying to emails with sensitive documents
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ScreenShots