The MANTL–Alloy Partnership Surpasses 2 Million Processed Applications

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Key Terms

omnichannel technical

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.

fraud prevention financial

Fraud prevention is the set of policies, tools and checks an organization uses to stop dishonest schemes like false accounting, embezzlement or scams before they happen; think of it as the locks, alarms and identity checks businesses use to keep money and information safe. It matters to investors because effective fraud prevention reduces the risk of sudden financial losses, costly legal trouble and damage to a company’s reputation, all of which can hurt share value.

KYC regulatory

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.

KYB regulatory

Know Your Business (KYB) is the set of checks and documentation firms use to verify the identity, ownership, and legitimacy of corporate customers and partners — like running a background check on a company before you trust it. Investors care because strong KYB reduces the risk of fraud, hidden liabilities, money-laundering exposure and regulatory fines, which can protect a company’s reputation, cash flow and long-term value in ways similar to avoiding a risky tenant or business partner.

BSA regulatory

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.

12/18/2025 - 10:00 AM

This milestone reflects the strength of the partnership as it redefines how financial institutions balance growth, user experience, and fraud prevention

PLANO, Texas--(BUSINESS WIRE)-- MANTL, an Alkami solution team and leading provider of loan and deposit account opening technology, and Alloy, a leading identity and fraud prevention platform provider, today announced that their partnership has processed more than 2 million deposit applications, achieving an average automated application decision rate exceeding 80%. The partnership now supports over 150 shared customers, delivering a seamless, end-to-end account opening and risk management workflow that helps financial institutions increase conversion rates, reduce fraud, and scale their operations.

“Within a year of overhauling our account opening process with MANTL and fully leveraging the MANTL–Alloy integration, Ascend Bank reduced new account fraud losses by $165,000,” said Alex Sulpasso, executive vice president and chief operating officer at Ascend Bank in Connecticut. “The integrated solution has also transformed how our Risk and BSA teams operate, giving them real-time visibility into fraud and identity risk and automating critical KYC and KYB workflows. It’s dramatically improved both our operational efficiency and our ability to onboard customers with confidence.”

The longstanding partnership was built on a shared vision: enabling financial institutions to grow efficiently while managing identity and fraud risk with confidence. MANTL provides a configurable, streamlined omnichannel account opening experience, while Alloy orchestrates and validates identity, fraud, and compliance data behind the scenes. Together, the integration has fundamentally changed how banks and credit unions onboard customers and members, setting an industry standard for digital account opening and risk management.

“What makes this partnership so effective is the depth and maturity of our integration, our shared commitment to innovation, and our clear alignment on both product strategy and customer and member outcomes,” said Benjamin Conant, chief product officer, Alkami. “MANTL and Alloy were founded within a few years of each other, and we’ve grown together as strategic partners, helping the industry rethink what growth can look like, all while raising the bar for fraud prevention both online and in-branch. We’re excited for the next 2 million applications to be processed as we continue expanding into additional use cases that will further strengthen the joint value we deliver to financial institutions and their account holders.”

“Our partnership with MANTL shows that strong fraud prevention can actively fuel business growth,” said Tommy Nicholas, co-founder and chief executive officer of Alloy. “By giving our joint clients a complete view of customer identities, we’re helping them stay ahead of fraud, unlock more opportunities to serve legitimate customers, and deliver a better experience.”

Both companies remain focused on helping financial institutions modernize and streamline operational workflows, while addressing increasingly complex identity and risk challenges within digital banking.

To learn how MANTL and Alloy can transform your onboarding and account opening process, empowering your team, 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 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 digital sales and service platform provider for financial institutions in the U.S. For more information, visit mantl.com or follow MANTL on LinkedIn.

About Alloy
Alloy provides an identity and fraud prevention platform that enables global financial institutions and fintechs to manage identity risk so they can grow with confidence. Over 700 of the world's largest financial institutions and fintechs turn to Alloy's end-to-end platform to access actionable intelligence and the broadest network of data sources across the industry, as well as stay ahead of fraud, credit, and compliance risks. Founded in 2015, Alloy is powering the delivery of great financial products to more customers around the world. Learn more at alloy.com.