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Technology · head to head

Alkami vs Raycast

Alkami logo

Alkami

Technology

Digital banking platform for United States banks and credit unions

From
On request
Rated
-
Full reviewWebsite
Raycast logo

Raycast

Technology

Blazingly fast, totally extendable launcher

From
Free
Rated
-
Full reviewWebsite

The short version

  • Only Raycast has a free tier, so it costs nothing to try first.
  • Each has a real cost: Alkami pricing is per registered user with contractual minimums, so institutions with many enrolled but dormant users pay for accounts that never log in.; Raycast the free plan includes 50 Raycast AI messages, 5 notes and 3 months of clipboard history
  • They diverge on capability: Alkami covers Retail digital banking, Raycast covers Application launcher.
  • Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which Alkami and Raycast actually diverge.

Attributes where Alkami and Raycast differ
AttributeAlkamiRaycast
Starting priceOn requestFree
Pricing modelquotefreemium
Free tierNoYes
PlatformsWeb, iOS, AndroidMacos
FoundedUnknown2020

Identical on both: user rating (Not yet rated), category (Technology).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Alkami

  • Retail digital banking
  • Business banking
  • Digital account opening
  • Payments and money movement
  • Data and marketing
  • Extensibility framework
  • Card controls
  • Multi core integration

Only in Raycast

  • Application launcher
  • File search
  • Clipboard history
  • Snippets
  • Window management
  • Calculator
  • System commands
  • Extension ecosystem

What people use each for

The jobs each tool is most often brought in to do.

Alkami

  • A credit union replacing the weak digital banking bundled with its core contractnot Raycast
  • A community bank that needs commercial entitlements and approvals its core vendor does not providenot Raycast
  • An institution wanting digital account opening and digital banking from one vendor after the MANTL acquisitionnot Raycast
  • A bank competing for deposits online and needing an onboarding funnel that works on mobilenot Raycast

Raycast

  • App launchingnot Alkami
  • Quick calculationsnot Alkami
  • File navigationnot Alkami
  • Snippet expansionnot Alkami
  • Workflow automationnot Alkami

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Alkami

  • Pricing is per registered user with contractual minimums, so institutions with many enrolled but dormant users pay for accounts that never log in.
  • Alkami is a channel layer, not a core, so functionality is bounded by what the core exposes, and a poor core integration produces a slow product no amount of channel work fixes.
  • Implementation typically runs six to twelve months and requires institution staff time, which small credit unions consistently underestimate.
  • The MANTL acquisition adds account opening but also another integration programme, and consolidating on one vendor removes leverage to swap a weak module for a best of breed alternative.
  • Buying digital banking separately from the core vendor means you own the integration risk between two suppliers who will each blame the other when something breaks.

Raycast

  • The free plan includes 50 Raycast AI messages, 5 notes and 3 months of clipboard history
  • Advanced AI models are sold only as an add-on to the paid Pro plan at a further $8 per month on top of the $10 subscription
  • Free team workspaces cap sharing at 30 snippets, 30 quicklinks and 5 commands across all extensions
  • Teams Pro is $15 per user per month, billed per seat rather than per workspace

Pricing, plan by plan

Alkami

On request
  • Alkami Digital Banking Platform$undefined/year
    • Priced per registered user per month with multi year terms
    • Minimum user commitments typical, so enrolled inactive users are still billed
    • Implementation and core integration charged separately

Raycast

Free
  • FreeFree
    • Core features: Clipboard History, Quicklinks, Calculator, Snippets, Window Management
    • Thousands of community extensions
    • 3-month clipboard history
  • Pro$10/month
    • Raycast AI with advanced models
    • Unlimited clipboard history
    • Unlimited notes
  • Pro Annual$8/month
    • Same as Pro plan
    • Annual billing saves 20% compared to monthly
  • Teams FreeFree
    • No cost per user
    • Shared extensions, snippets, and quicklinks

Which should you pick?

Choose Alkami if

  • You need retail digital banking.
  • You work on Web, iOS, Android.
  • You also want business banking.
Alkami review

Choose Raycast if

  • You need application launcher.
  • You want to start without paying.
  • You work on Macos.
  • You also want file search.
Raycast review

Questions people ask

Is Alkami or Raycast better?
Neither clearly leads. Alkami starts at On request and Raycast at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Alkami or Raycast?
Raycast has a free tier; the other does not. Paid plans start at On request for Alkami and Free for Raycast.
Does Alkami or Raycast run on more platforms?
Alkami runs on Web, iOS, Android. Raycast runs on Macos.
Can I use Raycast for free?
Yes. Raycast has a free tier, so you can try it without paying. Alkami starts at On request.
What is Alkami best used for?
Alkami is most often used for a credit union replacing the weak digital banking bundled with its core contract, a community bank that needs commercial entitlements and approvals its core vendor does not provide, an institution wanting digital account opening and digital banking from one vendor after the mantl acquisition, a bank competing for deposits online and needing an onboarding funnel that works on mobile. Of those, a credit union replacing the weak digital banking bundled with its core contract and a community bank that needs commercial entitlements and approvals its core vendor does not provide are not what Raycast is typically brought in for.
What can Alkami do that Raycast cannot?
Alkami covers Retail digital banking, Business banking, Digital account opening, Payments and money movement. Raycast covers Application launcher, File search, Clipboard history, Snippets.

Answered from the vendors’ own pages

Alkami: Does Alkami replace our core?

No. It is the digital channel and account opening layer on top of a core such as Fiserv, Jack Henry or FIS.

Raycast: Does Raycast offer a free plan?

Yes. Raycast has a free plan with core features including clipboard history, quicklinks, calculator, snippets, window management, and access to thousands of community extensions.

Source
Alkami: How is it priced?

Per registered user per month on multi year contracts with minimums, so model your enrolled user count rather than your active user count.

Raycast: How much does Raycast Pro cost?

Raycast Pro costs $10 per month or $8 per month when billed annually, saving 20% with yearly subscription.

Source
Alkami: What did the MANTL acquisition change?

It brought deposit account opening in house, announced February 2025 at $400 million enterprise value, so account opening and digital banking can come from one vendor.

Raycast: Does Raycast offer team plans?

Yes. Teams Free tier is available at no cost per user with shared extensions and snippets. Teams Pro costs $15 per user per month with unlimited team members.

Source
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