MANTL Becomes First Fintech to Offer Plaid Layer
MANTL, an Alkami (NASDAQ:ALKT) solution team, has become the first fintech to offer Plaid Layer integration for regional and community financial institutions. This groundbreaking integration enables traditional banks to deliver the same instant onboarding experience as leading neobanks.
The integration reduces account opening time to just one minute, compared to MANTL's previous average of five minutes for consumers and ten minutes for businesses. Key benefits include up to 25% increase in end-to-end conversion rates and 87% faster signup process. The partnership has already demonstrated success, with over 100 MANTL customers using Plaid solutions reporting 37% higher application booking rates and more than 680,000 accounts opened.
MANTL, un team di soluzioni di Alkami (NASDAQ:ALKT), è diventato il primo fintech a offrire l'integrazione Plaid Layer per istituti finanziari regionali e comunitari. Questa integrazione innovativa permette alle banche tradizionali di offrire la stessa esperienza di onboarding istantaneo dei principali neobank.
L'integrazione riduce il tempo di apertura del conto a soli un minuto, rispetto alla media precedente di MANTL di cinque minuti per i consumatori e dieci minuti per le aziende. I vantaggi principali includono un aumento fino al 25% nei tassi di conversione end-to-end e un processo di registrazione 87% più veloce. La partnership ha già dimostrato il suo successo, con oltre 100 clienti MANTL che utilizzano le soluzioni Plaid e riportano un 37% in più di prenotazioni di applicazioni e più di 680.000 conti aperti.
MANTL, un equipo de soluciones de Alkami (NASDAQ:ALKT), se ha convertido en el primer fintech en ofrecer la integración Plaid Layer para instituciones financieras regionales y comunitarias. Esta integración innovadora permite a los bancos tradicionales brindar la misma experiencia de incorporación instantánea que los principales neobancos.
La integración reduce el tiempo de apertura de cuentas a solo un minuto, en comparación con el promedio anterior de MANTL de cinco minutos para consumidores y diez minutos para empresas. Los beneficios clave incluyen un aumento de hasta el 25% en las tasas de conversión de principio a fin y un proceso de registro 87% más rápido. La asociación ya ha demostrado su éxito, con más de 100 clientes de MANTL que utilizan soluciones Plaid reportando un 37% más de reservas de aplicaciones y más de 680,000 cuentas abiertas.
MANTL은 Alkami(NASDAQ:ALKT)의 솔루션 팀으로서 지역 및 커뮤니티 금융 기관을 위한 Plaid Layer 통합을 제공하는 최초의 핀테크가 되었습니다. 이 혁신적인 통합은 전통 은행이 선도적인 네오뱅크와 동일한 즉시 온보딩 경험을 제공할 수 있게 합니다.
통합을 통해 계좌 개설 시간이 기존 MANTL의 평균 5분(소비자 기준)과 10분(기업 기준)에서
MANTL, une équipe de solutions d'Alkami (NASDAQ:ALKT), est devenue la première fintech à proposer l'intégration Plaid Layer pour les institutions financières régionales et communautaires. Cette intégration révolutionnaire permet aux banques traditionnelles d'offrir la même expérience d'intégration instantanée que les néobanques leaders.
L'intégration réduit le temps d'ouverture de compte à une minute seulement, contre une moyenne précédente de MANTL de cinq minutes pour les consommateurs et dix minutes pour les entreprises. Les principaux avantages incluent une augmentation jusqu'à 25 % des taux de conversion de bout en bout et un processus d'inscription 87 % plus rapide. Le partenariat a déjà démontré son succès, avec plus de 100 clients MANTL utilisant les solutions Plaid rapportant un taux de réservation des demandes supérieur de 37 % et plus de 680 000 comptes ouverts.
MANTL, ein Lösungsteam von Alkami (NASDAQ:ALKT), ist das erste Fintech-Unternehmen, das Plaid Layer Integration für regionale und Gemeinschaftsfinanzinstitute anbietet. Diese bahnbrechende Integration ermöglicht es traditionellen Banken, dasselbe sofortige Onboarding-Erlebnis wie führende Neobanken zu bieten.
Die Integration reduziert die Kontoeröffnungszeit auf nur eine Minute, verglichen mit MANTLs vorherigem Durchschnitt von fünf Minuten für Verbraucher und zehn Minuten für Unternehmen. Zu den wichtigsten Vorteilen gehören eine Steigerung der End-to-End-Konversionsraten um bis zu 25% und ein 87% schnellerer Anmeldeprozess. Die Partnerschaft hat bereits Erfolge gezeigt, wobei über 100 MANTL-Kunden, die Plaid-Lösungen nutzen, eine 37% höhere Antragsbuchungsrate und mehr als 680.000 eröffnete Konten melden.
- First fintech to offer Plaid Layer integration, providing competitive advantage
- Reduces account opening time to just 1 minute from previous 5-10 minutes
- Up to 25% increase in end-to-end conversion rates
- 37% higher application booking rates for existing Plaid solution users
- Over 680,000 accounts opened using the platform
- None.
Insights
Alkami's MANTL is now offering Plaid Layer integration, potentially boosting its competitive position in the fintech infrastructure market.
MANTL's strategic integration with Plaid Layer represents a notable competitive advancement for Alkami (ALKT). This first-to-market partnership enables MANTL to offer regional and community financial institutions the same instant onboarding capabilities previously available only to leading neobanks, reducing account opening times to just one minute compared to their previous five-minute average.
The integration addresses a critical market gap by democratizing access to sophisticated onboarding technology for smaller financial institutions. Early results appear promising, with Plaid Layer customers reporting up to
Particularly telling is that over 100 MANTL customers already utilize Plaid solutions, reporting
For Alkami, this partnership strengthens its competitive positioning against both traditional core banking providers and newer fintech challengers. By offering smaller financial institutions capabilities previously reserved for technology-forward neobanks, Alkami enhances its value proposition as a digital transformation enabler in the banking sector. This move aligns with industry trends toward improved digital onboarding experiences, which have become increasingly critical for customer acquisition in financial services.
The MANTL–Plaid Layer integration gives regional and community financial institutions the same instant onboarding experience offered by leading neobanks
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
"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 MANTL
MANTL 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
About Plaid
Plaid 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
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
Media Relations Contacts
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alkami@fullyvested.com
Marla Pieton
marla.pieton@alkami.com
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SOURCE Alkami Technology, Inc.
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