MANTL Surpasses $40 Billion in Deposits Raised on the Platform and Saves Financial Institutions More Than 1 Million Hours on Account Opening

About this update from Alkami Technology, Inc.

The milestone highlights how modern account opening technology can accelerate deposit growth, improve operational efficiency, and deliver better account holder experiences PLANO, Texas, June 30, 2026 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a digital sales and service platform provider for financial institutions in the U.S., today announced that MANTL, an Alkami solution team and leading provider of loan and deposit account opening technology, has helped customers raise over $40 billion in deposits on the Platform while saving more than 1 million hours across account opening workflows in digital and branch channels. Together, these milestones demonstrate how modern account opening technology can help financial institutions accelerate growth while improving operational efficiency. The average time to open a new retail deposit account across channels with MANTL is under five minutes, three times faster than the industry average1. The average time to open a new business deposit account across all channels with MANTL is approximately ten minutes, which is more than 23 times faster than the industry benchmark2. By reducing account opening times well below industry benchmarks for both retail and business deposit accounts, MANTL customers have collectively saved more than 1 million hours on account opening. In a market where consumers and businesses increasingly expect instant, digital-first experiences, account opening speed has become a strategic driver of both growth and operational efficiency, helping financial institutions win more deposits, streamline operations, and empower bankers to spend more time building relationships and serving account holders. "Financial institutions are under increasing pressure to grow deposits, deliver exceptional account holder experiences, and do more with existing resources," said Benjamin Conant, chief product officer at Alkami. "MANTL has proven that these goals are not mutually exclusive. Our approach is simple, and that is to remove friction from account opening, automate manual processes, and create consistent experiences across physical and digital banking channels. By helping institutions raise more than $40 billion in deposits while saving more than 1 million hours on account opening, MANTL enables banks and credit unions to scale deposit growth, improve efficiency, enhance the banker experi...

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