Latest news with #MANTL
Finextra
10-07-2025
- Business
- Finextra
Mantl becomes first fintech to offer Plaid Layer onboarding tech
MANTL, an Alkami solution team and leading provider of loan and deposit account opening technology, today announced that it is the first fintech to resell and offer Plaid Layer, Plaid's instant onboarding technology used by the most innovative neobanks. 0 Through this first-of-its-kind integration, MANTL empowers regional and community financial institutions to deliver the same seamless digital onboarding experiences as tech-first neobanks while unlocking faster growth and stronger conversion. MANTL already delivers a best-in-class account opening experience, with average account opening times of under five minutes for consumers and under ten minutes for businesses. Now, with Plaid Layer natively integrated into its platform, MANTL can provide a one-minute account opening time. Plaid Layer enables financial institutions to collect identity information and link external accounts in seconds using only a phone number, eliminating friction while maintaining the highest standards of trust and security. By embedding this technology directly into its deposit and loan workflows, MANTL streamlines the entire onboarding process, accelerating time to open and enabling more users to successfully reach and complete applications—all within a secure, optimized experience. 'At Quontic, we are committed to delivering fast, intuitive, and seamless digital banking experiences that meet the evolving needs of our customers. The Plaid Layer integration, through our partnership with MANTL, allows us to dramatically accelerate onboarding while maintaining the highest standards of security and trust,' said Grace Pace, senior vice president of digital banking at Quontic Bank. 'More than a technology provider, MANTL is a strategic partner to regional and community banks. By making cutting-edge innovations like Plaid Layer readily available, MANTL empowers institutions to drive sustained growth and compete more effectively in today's digital-first landscape.' Key benefits of the MANTL-Plaid Layer integration include: Increase in conversion: Plaid customers using Layer have seen up to a 25% increase in end-to-end conversion rates. Faster onboarding: Layer can onboard an account holder in one minute by unifying the collection of identity data for verification and account linking into one conversion-optimized flow, streamlining the signup process by as much as 87%. Secure, scalable growth: MANTL paired with Plaid Layer unlocks an even more seamless, secure, and scalable path to customer growth. 'MANTL is on a mission to empower regional and community banks and credit unions to compete with the likes of Chase and Chime,' said Benjamin Conant, co-founder and chief technology officer at MANTL. 'Until now, only the most tech-forward neobanks have had access to Plaid Layer—and the results speak for themselves. Giving the community banking space built-in access to this powerful technology is another way MANTL helps these institutions reclaim their competitive edge.' This integration reiterates MANTL's commitment to innovation and deepens its long-standing partnership with Plaid. Today, over 100 MANTL customers already use Plaid solutions to streamline onboarding, reporting 37% higher application booking rates. To date, more than 680,000 accounts have been opened on MANTL using Plaid. 'Our partnership with MANTL brings Plaid Layer's instant financial onboarding experience and real-time risk checks directly into the workflows of regional and community financial institutions,' said Adam Yoxtheimer, head of partnerships at Plaid. 'Now banks and credit unions can offer the digital-first experiences that consumers demand—accelerating new account growth, strengthening customer loyalty, and lowering operational costs—all while keeping security and compliance front and center.' Plaid Layer is available to eligible MANTL bank and credit union customers.
Yahoo
09-07-2025
- Business
- Yahoo
MANTL Becomes First Fintech to Offer Plaid Layer
The MANTL–Plaid Layer integration gives regional and community financial institutions the same instant onboarding experience offered by leading neobanks PLANO, Texas, July 9, 2025 /PRNewswire/ -- MANTL, an Alkami solution team and leading provider of loan and deposit account opening technology, today announced that it is the first fintech to resell and offer Plaid Layer, Plaid's instant onboarding technology used by the most innovative neobanks. Through this first-of-its-kind integration, MANTL empowers regional and community financial institutions to deliver the same seamless digital onboarding experiences as tech-first neobanks while unlocking faster growth and stronger conversion. MANTL already delivers a best-in-class account opening experience, with average account opening times of under five minutes for consumers and under ten minutes for businesses. Now, with Plaid Layer natively integrated into its platform, MANTL can provide a one-minute account opening time. Plaid Layer enables financial institutions to collect identity information and link external accounts in seconds using only a phone number, eliminating friction while maintaining the highest standards of trust and security. By embedding this technology directly into its deposit and loan workflows, MANTL streamlines the entire onboarding process, accelerating time to open and enabling more users to successfully reach and complete applications—all within a secure, optimized experience. "At Quontic, we are committed to delivering fast, intuitive, and seamless digital banking experiences that meet the evolving needs of our customers. The Plaid Layer integration, through our partnership with MANTL, allows us to dramatically accelerate onboarding while maintaining the highest standards of security and trust," said Grace Pace, senior vice president of digital banking at Quontic Bank. "More than a technology provider, MANTL is a strategic partner to regional and community banks. By making cutting-edge innovations like Plaid Layer readily available, MANTL empowers institutions to drive sustained growth and compete more effectively in today's digital-first landscape." Key benefits of the MANTL–Plaid Layer integration include: Increase in conversion: Plaid customers using Layer have seen up to a 25% increase in end-to-end conversion rates. Faster onboarding: Layer can onboard an account holder in one minute by unifying the collection of identity data for verification and account linking into one conversion-optimized flow, streamlining the signup process by as much as 87%. Secure, scalable growth: MANTL paired with Plaid Layer unlocks an even more seamless, secure, and scalable path to customer growth. "MANTL is on a mission to empower regional and community banks and credit unions to compete with the likes of Chase and Chime," said Benjamin Conant, co-founder and chief technology officer at MANTL. "Until now, only the most tech-forward neobanks have had access to Plaid Layer—and the results speak for themselves. Giving the community banking space built-in access to this powerful technology is another way MANTL helps these institutions reclaim their competitive edge." This integration reiterates MANTL's commitment to innovation and deepens its long-standing partnership with Plaid. Today, over 100 MANTL customers already use Plaid solutions to streamline onboarding, reporting 37% higher application booking rates. To date, more than 680,000 accounts have been opened on MANTL using Plaid. "Our partnership with MANTL brings Plaid Layer's instant financial onboarding experience and real-time risk checks directly into the workflows of regional and community financial institutions," said Adam Yoxtheimer, head of partnerships at Plaid. "Now banks and credit unions can offer the digital-first experiences that consumers demand—accelerating new account growth, strengthening customer loyalty, and lowering operational costs—all while keeping security and compliance front and center." Plaid Layer is available to eligible MANTL bank and credit union customers. For more information about MANTL or to schedule a demo, click here. About MANTLMANTL is an Alkami solution team that offers unified account origination technology, empowering banks and credit unions to open loan and deposit accounts seamlessly on any banking channel in real time. MANTL Deposit Origination is among the fastest and most performant solutions on the market; consumers can open a new deposit account in under five minutes, businesses can open a new deposit account in under 10 minutes, and MANTL customers raise billions in core deposits. MANTL Loan Origination simplifies each step in the loan process, automating up to 100% of loan application decisions to ensure an intuitive, feature-rich experience from personal loans to business financing. Founded in 2016, MANTL was acquired in March 2025 by Alkami Technology, Inc. (Nasdaq: ALKT), a leading cloud-based digital banking solutions provider for financial institutions in the U.S. For more information, visit or follow MANTL on LinkedIn. About PlaidPlaid is a global data network that powers the tools millions of people rely on to live healthier financial lives. Our ambition is to facilitate a more inclusive, competitive, and mutually beneficial financial system by using data analytics to simplify payments, revolutionize lending, and lead the fight against fraud. Plaid works with thousands of companies, including fintechs, Fortune 500 companies, and many of the largest banks to empower people with more choice and control over how they manage their money. Headquartered in San Francisco, Plaid's network spans over 12,000 institutions across the U.S., Canada, U.K., and Europe. About Quontic Quontic is the adaptive digital bank that empowers its customers financially while embracing their diverse circumstances. Quontic's innovative banking platform reimagines traditional banking with adaptive lending and innovative deposit products that transcend legacy banking inequities. Quontic's mission to break the system for financial empowerment stands in the face of big banks and proves there is a better and more equitable way to put the customer first. The bank focuses on truly understanding and serving the underdogs, entrepreneurs, gig-economy workers, immigrants, and more with a curated banking experience as opposed to a one-size-fits-all banking approach. Quontic is a privately held company based in New York, New York. Follow and connect with Quontic on LinkedIn, Facebook and Instagram. Media Relations ContactsVestedalkami@ Marla View original content to download multimedia: SOURCE Alkami Technology, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-06-2025
- Business
- Yahoo
State Employees' Credit Union of Maryland Partners with MANTL to Give New and Existing Business and Retail Members a Seamless Account Opening Experience
Maryland's largest credit union will modernize its account opening process across all banking channels, including its 23-branch network PLANO, Texas, June 17, 2025 /PRNewswire/ -- MANTL, an Alkami solution team and leading provider of account origination technology, today announced a partnership with State Employees' Credit Union of Maryland (SECU), a $5.7B credit union with 23 financial centers across Maryland, to enhance its in-branch and online account opening processes for businesses and retail members. This partnership will allow SECU to seamlessly open new member accounts on any banking channel, at any time, and demonstrates SECU's commitment to giving its business members, retail members, and employees the best possible banking experiences. SECU is also a customer of Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading provider of cloud-based digital banking solutions for financial institutions in the U.S. SECU leverages Alkami's Digital Banking Platform to provide a seamless, innovative, and user-friendly digital banking experience. SECU will benefit from the combined power of MANTL and Alkami—two solutions that are part of the digital sales and service platform—to drive growth, provide a best-in-class user experience, and streamline operations throughout the entire account holder lifecycle. This position brings multiple use cases for SECU to deliver a cohesive, end-to-end experience that delivers greater customer value and increased revenue. SECU will leverage Consumer Deposit Origination by MANTL to transform the online account opening experience and streamline the in-branch experience for members and employees. With MANTL, SECU will remove friction from its current account opening process, empowering members to open a new deposit account, typically in less than 5 minutes, and with a superior account opening experience (and typically within 10 minutes for in-branch experiences). By serving a wider audience of consumers across digital channels and providing a simple and intuitive account opening experience, SECU will drive deposit and new member growth. Business Deposit Origination by MANTL will allow SECU to better attract, serve, and deepen relationships with businesses across its target markets. Businesses of all sizes will be able to seamlessly and securely open a new business account on any device or any channel, including online, on a mobile application (app), in-branch, or in the field. Adaptive workflows and automated, real-time decisioning on the MANTL platform will reduce friction in the application process and keep operations streamlined, so SECU can better focus on serving the needs of its business members. "At SECU, we pride ourselves on our commitment to cutting-edge digital solutions for our members and employees. Credit unions are built on a foundation of putting people first, and we look forward to reimagining our account processes with the help of innovative partners like MANTL," said Jason Reimer, executive vice president, chief infrastructure and experience officer at SECU. "SECU members across Maryland will be able to utilize sensible, real-time digital solutions that seamlessly improve member experiences in our financial centers and online." By integrating MANTL with its core processing system, SECU will now be able to automate over 85% of application decisions, including Know Your Customer (KYC), Anti-Money Laundering (AML), Bank Secrecy Act (BSA), product service ordering, funding, and core booking, to create efficiencies and keep manual processes to a minimum. "MANTL is thrilled to partner with the largest credit union in Maryland to modernize its retail and business account opening process across all of its banking channels," said Nathaniel Harley, co-founder and president at MANTL. "By empowering both members and employees with faster, more intuitive experiences, SECU is demonstrating a bold commitment to innovation and banking accessibility that aligns with MANTL's mission to transform banking and strengthen communities." For more information on SECU and to view current deposit offerings, visit here. For more information on MANTL or to schedule a demo, visit here. About MANTLMANTL is an Alkami solution team that offers unified account origination technology, empowering banks and credit unions to open loan and deposit accounts seamlessly on any banking channel in real time. MANTL Deposit Origination is among the fastest and most performant solutions on the market; consumers can open a new deposit account in under five minutes, businesses can open a new deposit account in under 10 minutes, and MANTL customers raise billions in core deposits. MANTL Loan Origination simplifies each step in the loan process, automating up to 100% of loan application decisions to ensure an intuitive, feature-rich experience from personal loans to business financing. Founded in 2016, MANTL was acquired in March 2025 by Alkami Technology, Inc. (Nasdaq: ALKT), a leading cloud-based digital banking solutions provider for financial institutions in the U.S. For more information, visit or follow MANTL on LinkedIn. About SECUSECU ("see-Q"), Maryland's largest state-chartered credit union, serves over 250,000 members via 23 Financial Centers across the state, including 21 Financial Centers, 1 Digital Center, and a Virtual Financial Center. As a member-owned, not-for-profit organization, SECU puts its members first. Membership is open to all of Maryland, with over 1,900 ways to join. You may be eligible through a family member, work, the college you attended, state employment, an organization you are affiliated with, or simply through a one-time donation to SECU's partner, the SECU MD Foundation. Headquartered in Linthicum, Md., SECU offers convenient access to over 50,000 free ATMs through the CO-OP network, as well as access to expert financial planners. With more than $5 billion in assets, SECU ranks among the top 60 credit unions nationwide based on total assets in the U.S. Insured by NCUA. For more information, visit or follow SECU on Facebook, Instagram, LinkedIn and TikTok. Media Relations Contacts Vestedalkami@ Marla View original content to download multimedia: SOURCE Alkami Technology, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
Alkami to Host Webinar on Innovating Onboarding and Account Opening featuring Quontic Bank
Experts from Alkami, MANTL, and Quontic Bank to share strategies for boosting conversions and enhancing the account holder experience PLANO, Texas, May 13, 2025 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced an upcoming webinar, "Innovating Account Opening & Onboarding with Alkami + MANTL," taking place on Tuesday, May 20 at 12:00PM CT. The webinar will feature experts from Alkami, including MANTL–an Alkami solution team–as well as Quontic Bank, who will explore how financial institutions can modernize onboarding and account opening to drive growth in a highly competitive market. According to recent research1 commissioned by Alkami, digital banking Americans would be extremely or very interested in obtaining a debit card or checking account (58%), or savings account (35%), in the next twelve months if they currently don't have them. Digital disruptors are continuing to capture greater market share, pushing financial institutions to transform their onboarding and account opening experiences to attract and retain retail and business account holders. As consumer expectations quickly evolve, financial institutions must offer a seamless journey across all channels, whether in-branch, online, through the call center, or with a relationship manager, so that individuals receive exceptional and individualized service wherever and however they engage. During the webinar, attendees will hear from industry experts, including: Taylor Adkins, vice president of product management, Alkami; David Carlson, vice president of sales, MANTL; and Grace Pace, senior vice president of digital banking, Quontic Bank. "In 2024, Quontic Bank raised over $150M in net new deposits using MANTL for deposit account opening," said Grace Pace, senior vice president of digital banking at Quontic Bank. "As a customer using both MANTL and Alkami's Digital Banking Platform, the synergy between these two innovative technologies has played a pivotal role in accelerating our growth. The combined power of MANTL and Alkami has fortified our ability to scale quickly, maintain industry-leading fraud prevention measures, and deliver an exceptional customer experience that drives long-term success," she continued. The panelists will discuss the exponential power of having a digital sales and service platform, giving banks and credit unions the technology to onboard, engage, and grow their account base. Alkami's acquisition of MANTL has combined two industry-leading solutions to empower financial institutions in multiple ways: Seamlessly convert applicants with a median retail account opening experience of 5 minutes and a median 8-minute account opening experience for business deposit accounts Deliver comprehensive, omnichannel experiences both in-branch, online, with a relationship manager, and through the call center Leverage automation to reduce fraud, streamline operations, and increase efficiency Deepen wallet share with existing account holders To register for the webinar, click here. To learn more about Alkami's Digital Banking Platform, visit here. To learn more about MANTL, visit here. Alkami has been certified by J.D. Power in 2024 and 2025 for providing "An Outstanding Mobile Banking Platform Experience."2 About AlkamiAlkami Technology, Inc. is a leading cloud-based digital banking solutions provider for financial institutions in the United States that enables clients to grow confidently, adapt quickly, and build thriving digital communities. Alkami helps clients transform through retail and business banking, onboarding and account opening, payment security, and data and marketing solutions. To learn more, visit About QuonticQuontic is the adaptive digital bank that empowers its customers financially while embracing their diverse circumstances. Quontic's innovative banking platform reimagines traditional banking with adaptive lending and innovative deposit products that transcend legacy banking inequities. Quontic's mission to break the system for financial empowerment stands in the face of big banks and proves there is a better and more equitable way to put the customer first. The bank focuses on truly understanding and serving the underdogs, entrepreneurs, gig-economy workers, immigrants, and more with a curated banking experience as opposed to a one-size-fits-all banking approach. Quontic is a privately held company based in New York, New and connect with Quontic on LinkedIn, Facebook and Instagram. Media Relations ContactsVestedalkami@ Marla Center for Generational Kinetics research, commissioned by Alkami. Fifteen hundred U.S. PARTICIPANTS (AGES 22-65). Survey was conducted online from February 24, 2025, to March 14, 2025 2J.D. Power 2025 Mobile App Platform Certification ProgramSM recognition is based on successful completion of an audit and exceeding a customer experience benchmark through a survey of recent servicing interactions. For more information, visit View original content to download multimedia: SOURCE Alkami Technology, Inc.
Yahoo
03-03-2025
- Business
- Yahoo
Alkami to acquire account opening tech provider MANTL
US-based digital banking solutions provider Alkami Technology has agreed to acquire MANTL, an account opening platform, for an enterprise value of $400m. The acquisition is expected to enhance Alkami's digital banking and data and marketing solutions, creating a comprehensive digital sales and service platform for financial institutions. The transaction, which is expected to see a customary purchase price adjustment of approximately $7m, will be funded through $380m in cash and $13m in restricted stock units for MANTL employees. These stock units will replace unvested compensatory stock options. MANTL's platform stands out for its multi-tenant, core-agnostic capabilities, enabling financial institutions to support account opening across various channels, including in-branch, call centre, and digital, highlighted Alkami. The technology automates the account opening process for a wide range of deposit account types and roles, streamlining operations across front, middle, and back-office functions. Currently, MANTL serves 112 financial institution clients, with assets ranging from $80m to over $20bn. Since its inception in 2016 by Nathaniel Harley and Benjamin Conant, MANTL has facilitated over $31bn in deposit raises and saved over 350,000 hours for employees through its automation and process transformation. By acquiring MANTL, Alkami reinforces its leadership in the digital banking sector, offering financial institutions robust tools to onboard, engage, and grow their customer base. The completion of the acquisition is anticipated by 31 March 2025, contingent on standard conditions. Alkami CEO Alex Shootman said: 'MANTL is a leader in account opening, allowing financial institutions to boost deposit growth with a higher application conversion, higher initial funding, and less fraud than competitive alternatives. 'And, when combined with Alkami's strengths in digital banking and data and marketing, it completes the Alkami Digital Sales & Service Platform, our solution to help financial institutions land and expand the account holder relationship and create competitive advantage." "Alkami to acquire account opening tech provider MANTL" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
