Latest news with #accountopening
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
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
Zawya
25-05-2025
- Business
- Zawya
NBK leads the way with complete digital account opening for non nbk customers through its mobile banking app
Al-Dakhil: The service enables users to seamlessly join the NBK customer base and enjoy a superior, fully digital banking experience Reinforcing its pioneering role in digital banking, National Bank of Kuwait (NBK) has introduced a fully digital account opening feature through its NBK Mobile Banking App — marking a first-of-its-kind service in Kuwait's banking sector. The innovative service enables non-NBK customers to open any type of account through a seamless, fully digital process — anytime, anywhere — without the need to visit a branch. Users can simply fill in the application and electronically sign the agreement using 'Kuwait Mobile ID' digital verification system via the Public Authority for Civil Information (PACI) takes few minutes, so customers can enjoy the offerings of exceptional banking Following the verification process, users create their login credentials and gain instant access to NBK Mobile Banking, where they can deposit funds into their new account through K-Net and manage all banking transactions with ease, speed, and security. Commenting on the new service, Mr. Mohammad Al-Dakhil, AVP - Digital Business at NBK, said: ' This launch underscores NBK's commitment to delivering cutting-edge digital banking services that enable customers to enjoy a faster, easier, and more integrated banking experience.' He added that the new account opening feature opens the door for non-NBK customers to join the NBK family effortlessly and benefit from a wide range of innovative products and services. The rollout is part of NBK's ongoing efforts to enhance and expand its mobile banking capabilities by introducing new features and optimizing existing ones. Through the NBK Mobile Banking App, customers can perform a variety of banking transactions, including opening new accounts, reviewing account and card activity, checking NBK Miles and NBK Rewards Points, make credit card payments and settle e-bills, updating personal information, and locating NBK branches, ATMs, and CDMs across Kuwait — all in a secure digital environment. The NBK Mobile Banking App is available for download via the Apple App Store, Google Play, and Huawei App Gallery.
