MANTL Unveils Bulk Account Opening to Streamline Branch Operations, Simplify Banker Workflows, and Increase Wallet Share
MANTL, an Alkami (NASDAQ:ALKT) solution team, has launched its new Bulk Account Opening feature, enabling financial institutions to open multiple retail or business accounts through a single application. This innovative solution allows banks to streamline their in-branch operations and enhance customer onboarding efficiency.
The new feature has demonstrated significant success with early adopters, who have opened up to 14 business accounts in a single workflow. Ascend Bank in Connecticut has already implemented the solution, reporting improved operational efficiency and reduced error risks. The feature will be available to credit union customers later in 2025.
MANTL, un team di soluzioni di Alkami (NASDAQ:ALKT), ha lanciato la nuova funzionalità Bulk Account Opening, che permette alle istituzioni finanziarie di aprire più conti retail o business tramite una singola richiesta. Questa soluzione innovativa consente alle banche di snellire le operatività in filiale e migliorare l'efficienza nell'onboarding dei clienti.
La nuova funzionalità ha mostrato risultati significativi con gli early adopter, i quali hanno aperto fino a 14 conti business in un unico flusso di lavoro. Ascend Bank nel Connecticut ha già implementato la soluzione, segnalando un miglioramento dell'efficienza operativa e una riduzione del rischio di errori. La funzionalità sarà disponibile per i clienti delle credit union nella seconda metà del 2025.
MANTL, un equipo de soluciones de Alkami (NASDAQ:ALKT), ha lanzado su nueva función Bulk Account Opening, que permite a las instituciones financieras abrir múltiples cuentas minoristas o comerciales mediante una sola solicitud. Esta solución innovadora ayuda a los bancos a optimizar sus operaciones en sucursal y a agilizar la incorporación de clientes.
La nueva función ha mostrado un éxito notable con los primeros usuarios, que han abierto hasta 14 cuentas comerciales en un único flujo de trabajo. Ascend Bank en Connecticut ya ha implementado la solución, informando de mejoras en la eficiencia operativa y una reducción del riesgo de errores. La función estará disponible para clientes de cooperativas de crédito a finales de 2025.
MANTL은 Alkami(NASDAQ:ALKT)의 솔루션 팀으로, 새 기능인 Bulk Account Opening을 출시했습니다. 이를 통해 금융기관은 단일 신청으로 다수의 개인 또는 기업 계좌를 개설할 수 있습니다. 이 혁신적인 솔루션은 지점 내 업무를 간소화하고 고객 온보딩 효율을 향상시킵니다.
초기 도입 사례에서 이 기능은 큰 성과를 보였으며, 단일 워크플로우로 최대 14개의 비즈니스 계좌를 개설한 사례가 있습니다. 코네티컷의 Ascend Bank는 이미 이 솔루션을 도입해 운영 효율성 개선과 오류 위험 감소를 보고했습니다. 이 기능은 2025년 후반에 신용조합 고객에게 제공될 예정입니다.
MANTL, une équipe de solutions d'Alkami (NASDAQ:ALKT), a lancé sa nouvelle fonctionnalité Bulk Account Opening, permettant aux institutions financières d'ouvrir plusieurs comptes particuliers ou professionnels via une seule demande. Cette solution innovante permet aux banques de rationaliser leurs opérations en agence et d'améliorer l'efficacité de l'intégration des clients.
La nouvelle fonctionnalité a rencontré un succès notable auprès des premiers utilisateurs, qui ont ouvert jusqu'à 14 comptes professionnels dans un seul flux de travail. Ascend Bank dans le Connecticut a déjà mis en œuvre la solution, signalant une amélioration de l'efficacité opérationnelle et une réduction des risques d'erreur. La fonctionnalité sera disponible pour les clients des coopératives de crédit plus tard en 2025.
MANTL, ein Lösungsteam von Alkami (NASDAQ:ALKT), hat seine neue Funktion Bulk Account Opening vorgestellt, mit der Finanzinstitute mehrere Privat- oder Geschäftskonten über einen einzigen Antrag eröffnen können. Diese innovative Lösung ermöglicht es Banken, ihre Filialprozesse zu straffen und die Effizienz bei der Kundenaufnahme zu steigern.
Die neue Funktion hat bei frühen Anwendern beachtlichen Erfolg gezeigt; diese haben in einem einzigen Workflow bis zu 14 Geschäftskonten eröffnet. Die Ascend Bank in Connecticut hat die Lösung bereits implementiert und berichtet von verbesserter operativer Effizienz und verringerten Fehlerrisiken. Die Funktion wird Ende 2025 auch für Kunden von Kreditgenossenschaften verfügbar sein.
- Streamlines multiple account opening process into a single application workflow
- Reduces administrative burden and potential for errors in account opening
- Enables branch staff to focus more on customer relationships rather than paperwork
- Early adoption shows capability to handle up to 14 business accounts simultaneously
- None.
Insights
Alkami's MANTL unveils efficiency-boosting Bulk Account Opening feature, potentially increasing customer retention and wallet share for financial institutions.
MANTL, an Alkami solution team, has introduced a significant operational enhancement to its account opening technology with the launch of Bulk Account Opening. This new feature enables financial institutions to process multiple retail or business accounts through a single application workflow, addressing a critical efficiency pain point in branch operations.
The development represents a strategic evolution in Alkami's product suite, directly targeting three core banking challenges: operational inefficiency, customer acquisition costs, and cross-selling effectiveness. Early implementation results appear promising, with some clients opening as many as 14 business accounts in a single streamlined application.
From a competitive standpoint, this enhancement strengthens Alkami's value proposition in the banking technology space. By focusing on in-branch operational efficiency, the company is addressing a segment often overlooked by fintech innovations that primarily target customer-facing digital experiences. This approach helps position Alkami as a more comprehensive solution provider for financial institutions seeking both frontend and backend improvements.
The feature's ability to reduce administrative burden while facilitating deeper customer relationships aligns with banking industry priorities amid rising customer acquisition costs and deposit competition. For Alkami, this product enhancement represents an opportunity to increase retention of existing customers while potentially expanding average revenue per customer through greater platform utilization.
The phased rollout strategy—beginning with banks and expanding to credit unions later this year—suggests a methodical approach to ensuring successful implementation across different types of financial institutions, potentially reducing support costs and improving customer satisfaction with the product.
New feature enables banks to open multiple accounts in a single application, accelerating onboarding and empowering staff to focus on relationships over paperwork
In particular, MANTL Bulk Account Opening is poised to transform in-branch business account onboarding, delivering substantial efficiency gains for frontline teams. Early adopters have already opened as many as 14 business accounts in a single, streamlined application workflow, reducing administrative burden and creating more opportunities to deepen relationships with business customers.
"MANTL Bulk Account Opening takes an already best-in-class experience and scales it, saving clients and employees significant time while reducing the risk of errors," said Alex Sulpasso, executive vice president, chief operating officer at Ascend Bank in
Key benefits of MANTL Bulk Account Opening include:
- Increase wallet share: Seamlessly open multiple accounts for a customer in a single application
- Deepen relationships: Free bankers to focus on conversations that uncover customer needs, eliminating redundant clicks and manual workload
- Enhance experiences: Deliver a frictionless, intuitive onboarding process for both customers and branch staff
"Bulk Account Opening is a game-changer for branch efficiency and digitization at regional and community banks," said Benjamin Conant, co-founder and chief technology officer at MANTL. "By consolidating the process of opening multiple accounts into a single application and seamless experience, we're giving institutions a modern, scalable tool to deepen relationships and drive meaningful deposit growth. Bulk Account Opening empowers frontline staff to have richer conversations, uncover more opportunities for cross-sell, and deliver exceptional value to every customer they serve."
Bulk Account Opening is now available to MANTL bank customers and will expand to credit union customers later this year. 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
Media Relations Contacts
Vested
alkami@fullyvested.com
Marla Pieton
marla.pieton@alkami.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/mantl-unveils-bulk-account-opening-to-streamline-branch-operations-simplify-banker-workflows-and-increase-wallet-share-302539265.html
SOURCE Alkami Technology, Inc.
FAQ
What is MANTL's new Bulk Account Opening feature and how does it work?
How many accounts can be opened simultaneously using MANTL's Bulk Account Opening?
When will MANTL's Bulk Account Opening be available to credit unions?
What are the main benefits of MANTL's Bulk Account Opening for banks?
How does MANTL's Bulk Account Opening impact branch efficiency?
