Sturgis Bank Partners with MANTL to Transform Business and Retail Account Opening Across All Banking Channels

Alkami (Nasdaq: ALKT) announced that its MANTL solution team is partnering with Sturgis Bank to modernize business and retail account opening across all channels.

Rhea-AI Summary

Alkami (Nasdaq: ALKT) announced that its MANTL solution team is partnering with Sturgis Bank to modernize business and retail account opening across all channels.

Sturgis Bank will use MANTL’s omnichannel onboarding to cut account opening times, automate over 85% of decisions, and streamline fraud and risk checks.

Argus May 13 session

-1.31% close to close Open Argus

Details

News Market Reaction – ALKT

On May 13, the day this news came out, ALKT closed 1.31% below the previous close.

Data tracked by StockTitan Argus for the May 13 session.

Market Context

This announcement highlights Alkami’s continued push to scale MANTL-powered onboarding, as Sturgis B...

Analysis

This announcement highlights Alkami’s continued push to scale MANTL-powered onboarding, as Sturgis Bank adopts a full omnichannel suite across its 16-branch network. The deal emphasizes faster retail and business account opening, with online setup in under five minutes and heavy automation of KYC/AML/BSA checks. In light of multiple recent partnerships, investors may watch how quickly these implementations translate into higher digital adoption and operational efficiency for clients.

Key Figures

Branch count: 16 branches Online account opening time: Under five minutes In-branch opening time: Less than 10 minutes +2 more

Branch count

16 branches

Sturgis Bank physical network

Online account opening time

Under five minutes

Retail deposit accounts opened online with MANTL

In-branch opening time

Less than 10 minutes

Retail deposit accounts opened in-branch with MANTL

Business account timing

Anytime, anywhere

Business deposit accounts opened online, in-branch, or in the field

Application automation

More than 85%

Share of application decisions MANTL automates

Previous Partnership Reports

5 past events · Latest: Apr 01

Same Type 5 events

1. Apr 01

   Bank partnership

   24h Move

   +2.2%

   MANTL partnership to modernize onboarding and expand beyond Hawaii.

2. Mar 26

   Bank partnership

   24h Move

   +2.1%

   Rhinebeck Bank partnership to modernize omnichannel account opening.

3. Mar 19

   Platform launch

   24h Move

   -2.8%

   Clear Mountain Bank launches Alkami platform and data solution.

4. Mar 17

   Credit union deal

   24h Move

   +0.6%

   Austin Telco FCU adopts MANTL for faster retail account opening.

5. Mar 12

   Partnership expansion

   24h Move

   -2.7%

   Empower FCU expands Alkami partnership with MANTL onboarding suite.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

omnichannel, qr codes, kyc, aml, +1 more

5 terms

omnichannel technical

"deliver a truly seamless omnichannel experience"

A coordinated approach to selling and serving customers across all touchpoints—stores, websites, mobile apps, social media, and call centers—so the experience feels like one continuous conversation no matter where a customer interacts. For investors, omnichannel capability signals how well a company can attract and keep customers, turn interactions into sales, and use shared customer data to cut costs and boost revenue—making it a key driver of growth and competitive strength.

qr codes technical

"With features such as QR codes, private application links"

A QR code is a small square “barcode” that stores digital information—such as a web link, payment instruction, or tracking ID—that can be read instantly by a smartphone camera. For investors, QR codes matter because they make customer interactions, sales, product tracking and security checks faster and measurable; like a doorbell that also records who came to the door, they can drive revenue, improve marketing efficiency and supply-chain visibility.

kyc regulatory

"automates more than 85% of application decisions—including KYC, AML, and BSA checks"

KYC (Know Your Customer) is the routine of checks and questions that financial firms use to confirm who a client is, understand their financial profile, and spot risky or illegal activity. It matters to investors because it helps prevent fraud and money laundering, ensures companies follow the law, and protects the integrity of markets—think of it like an identity and background check a bank or airport runs before allowing access.

aml regulatory

"automates more than 85% of application decisions—including KYC, AML, and BSA checks"

AML stands for anti-money laundering — the laws, rules and internal checks that banks and businesses use to spot and stop illicit cash flows, such as proceeds from crime or funding of illegal activities. Think of it as a security checkpoint for money: investors care because poor AML controls can lead to heavy fines, frozen assets and reputational harm that hurt profits and share value, while strong controls reduce legal and operational risk.

bsa regulatory

"automates more than 85% of application decisions—including KYC, AML, and BSA checks"

Body surface area (BSA) is a medical measure of the total skin area of a person, used to adjust drug doses, medical imaging, and some lab results so they fit patients of different sizes. For investors, BSA matters because dosing, safety, and trial outcomes often hinge on BSA-based calculations—think of it like tailoring medication the way you pick clothing size; that tailoring affects a drug’s market use, labeling, and commercial prospects.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Michigan-based bank to modernize onboarding, accelerate deposit growth, and deliver a seamless experience across its 16-branch network

PLANO, Texas, May 13, 2026 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a digital sales and service platform provider for financial institutions in the U.S., today announced a new partnership between MANTL, an Alkami solution team and leading provider of loan and deposit account opening technology, and Sturgis Bank, a community bank serving Michigan through 16 branches, to transform its account opening experience for business and retail customers. Through this partnership, Sturgis Bank will modernize onboarding across all physical and digital banking channels, reinforcing its commitment to delivering a seamless, efficient, and customer-centric experience while expanding accessibility and accelerating digital growth.

Sturgis Bank will deploy the full omnichannel suite of MANTL Onboarding & Account Opening solutions to reimagine retail and business account opening. With MANTL, the bank will significantly reduce friction, enabling retail customers to open deposit accounts in under five minutes online and in less than 10 minutes in-branch. Existing customers will be able to open additional accounts in just a few clicks.

Businesses of all sizes will be able to securely open deposit accounts anytime, anywhere—online, in-branch, or in the field—through a consistent and intuitive experience. MANTL will also support Sturgis Bank's "Banking Brought to You" planned initiative, empowering teams to onboard local businesses and their employees more effectively. With features such as QR codes, private application links, and real-time account opening capabilities, the bank will be able to flexibly open new business accounts at locations outside of a Sturgis Bank branch.

"By partnering with MANTL, we are modernizing our account origination strategy to deliver a truly seamless omnichannel experience," said Andrew McCall, vice president of operations at Sturgis Bank. "This transformation enables our teams to move beyond manual processes and focus on what matters most: building stronger customer relationships. At the same time, we're driving efficiency, supporting deposit growth, and enhancing the level of service we provide to our communities."

By implementing MANTL, Sturgis Bank will be able to streamline operations across the organization. The Platform's integrated fraud and risk tools will enable strengthened fraud prevention and reduced need for manual application reviews, allowing staff to focus on higher-value interactions and growth initiatives. MANTL automates more than 85% of application decisions—including KYC, AML, and BSA checks—as well as product setup, funding, and core booking, significantly improving operational efficiency.

"MANTL is proud to partner with Sturgis Bank as they invest in a more modern, flexible approach to account opening," said Benjamin Conant, chief product officer, Alkami. "By equipping their teams with true omnichannel capabilities, Sturgis Bank is creating a faster, more accessible experience for both consumers and businesses while unlocking new opportunities for deposit growth and community engagement."

To learn how MANTL can transform your account opening process and empower your team, or to schedule a demo, click here.

To learn more about Anticipatory Banking and Alkami's Digital Sales & Service Platform, visit here.

About Alkami
Alkami provides a digital sales and service platform for U.S. banks and credit unions. Our unified Platform integrates onboarding, digital banking, and data and marketing—each solution can stand alone, but together they deliver more—to help institutions onboard, engage, and grow relationships. As the future shifts toward Anticipatory Banking, we help data-informed bankers meet the moment with technology that drives action.

About Sturgis Bank
Sturgis Bank is an independent bank, operating for the benefit of its customers and community since its founding in 1905. Sturgis Bank and Trust serves customers through 17 locations in southwest Michigan, providing personal, commercial, mortgage, and trust services. Sturgis Bank and Trust includes subsidiaries Oakleaf Financial Services, Inc., Oak Mortgage, LLC; Oak Insurance Services, LLC; and Oak Title Services, LLC. For additional information, visit www.sturgis.bank.

Media Relations Contacts
Vested
alkami@fullyvested.com

Marla Pieton
marla.pieton@alkami.com

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SOURCE Alkami Technology, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Alkami (NASDAQ: ALKT) announce about its partnership with Sturgis Bank on May 13, 2026?

Alkami announced that MANTL, its solution team, will partner with Sturgis Bank to modernize account opening. According to Alkami, MANTL’s omnichannel onboarding will support faster, more accessible business and retail account opening across digital, branch, and in-field banking channels.

How will the MANTL partnership change account opening at Sturgis Bank for retail customers?

Retail customers at Sturgis Bank will be able to open deposit accounts in under five minutes online and under 10 minutes in-branch. According to Alkami, existing customers can open additional accounts in just a few clicks through the MANTL Onboarding & Account Opening platform.

What benefits does the MANTL onboarding platform provide to Sturgis Bank’s operations?

The MANTL platform will streamline operations by automating more than 85% of application decisions, including KYC, AML, and BSA checks. According to Alkami, it also automates product setup, funding, and core booking, reducing manual reviews and enabling staff to focus on higher-value activities.

How does the Alkami–MANTL solution support Sturgis Bank’s business banking and ‘Banking Brought to You’ initiative?

Business customers can open accounts anytime, anywhere, through a consistent omnichannel experience. According to Alkami, features like QR codes, private application links, and real-time account opening support Sturgis Bank’s planned ‘Banking Brought to You’ initiative outside traditional branches.

What fraud and risk management capabilities does MANTL bring to Sturgis Bank through Alkami’s platform?

MANTL includes integrated fraud and risk tools designed to strengthen fraud prevention and reduce manual application reviews. According to Alkami, this allows Sturgis Bank teams to spend more time on customer relationships, growth initiatives, and higher-value interactions across its 16-branch network.