Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a leading cloud-based digital banking solutions provider for banks and credit unions in the U.S., today announced the appointment of Deep Varma to the role of Chief Technology Officer (CTO). 

Varma comes to Alkami with over 20 years of Silicon Valley experience building scalable and reliable distributed systems with underlying platform capabilities to serve high-performing traffic. He also brings deep expertise in artificial intelligence, big data, and building world-class engineering teams. 

A proven technology leader, Varma has a track record of setting and executing the innovation agenda for market-leading software-as-a-service (SaaS) companies and scaling their infrastructure for growth and resiliency. As the former CTO of Varo Bank, his organization built the technology infrastructure for one of the nation’s fastest-growing neobanks, including the digital banking platform, data architecture, and fraud prevention systems. Before Varo, Varma was part of the Zillow Group Technology leadership team, where he led all engineering functions across the Trulia business by successfully migrating to the cloud and consolidating datasets to present a unified view of consumer home information, including search and personalization. Varma has also held leadership roles at Yahoo!, ABB and IBM.

“Deep’s experience in establishing the technology vision and architecture for some of the most progressive software companies is essential at this stage of Alkami’s journey,” said Alex Shootman, Chief Executive Officer of Alkami. “Additionally, his direct expertise in this industry will help both Alkami and our remarkable clients as we shape the future of digital banking.”

“I am very proud to join Alkami to help drive the next wave of innovation for the company and industry,” said Varma. “Finance is not only undergoing massive transformation but is essential to virtually every aspect of life and business, which makes this opportunity all the more exciting.”

Varma’s appointment is effective January 30, 2023.