Alkami Enhances Digital Banking with $400M Mantl Acquisition

Alkami Technology acquires Mantl to revolutionize account opening capabilities for financial institutions

Highlights

1. Alkami Technology acquires Mantl for $400 million to enhance digital banking solutions.
2. The acquisition aims to streamline account opening processes for community banks and credit unions.
3. Mantl’s technology has helped financial institutions raise over $31 billion in deposits.

Summary

Alkami Technology, a leading cloud-based digital banking solutions provider, has announced its acquisition of Mantl, an account opening technology provider, for $400 million. This strategic move aims to enhance Alkami’s digital banking platform by streamlining the account opening process for community banks and credit unions.

Mantl’s innovative technology has already helped financial institutions raise over $31 billion in deposits and save employees over 350,000 hours through automation and process transformation. With this acquisition, Alkami solidifies its position as a top digital sales and service platform in the industry.