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Alkali Technology, Inc. (Nasdaq: ALKT) announced on June 30, 2026 that its MANTL solution team has enabled client institutions to generate more than $40 billion in new deposits while trimming more than one million hours from account‑opening workflows. The figures, released from Plano, Texas, represent a tangible benchmark for financial‑services firms wrestling with the twin pressures of deposit competition and the demand for frictionless digital experiences.
Record‑setting deposit inflows
MANTL’s impact is measured not only in speed but also in capital. According to the company, customers using the platform have collectively raised upwards of $40 billion in deposits since its launch. In an environment where banks and credit unions are scrambling to attract and retain funds—especially as interest‑rate cycles shift—such an inflow signals that faster onboarding can translate directly into bottom‑line growth.
The deposit surge is accompanied by an operational gain: more than one million hours have reportedly been eliminated from the account‑opening process across both digital and branch channels. For institutions that typically juggle staffing constraints and legacy systems, that level of time savings can free personnel to focus on higher‑value activities, such as relationship management and cross‑selling.
Speed advantage over industry benchmarks
MANTL’s performance metrics underscore a dramatic departure from traditional onboarding timelines. The platform reportedly opens a new retail deposit account in under five minutes on average—a figure that is three times quicker than the industry norm. For business accounts, the average time drops to roughly ten minutes, a pace more than 23 times faster than the benchmark for that segment ².
These numbers matter because the speed of account creation has become a strategic lever. Faster onboarding reduces the likelihood of prospective customers abandoning the process, a risk that has grown as consumers expect near‑instant digital services. Moreover, quicker account setup can accelerate deposit capture, especially in competitive markets where the first‑mover advantage often translates into lasting relationships.
Product innovations driving efficiency
- Application Comments – A collaborative workspace embedded directly within the application, allowing team members to leave time‑stamped, auditable notes. This feature aims to replace email threads and manual logs, thereby speeding up decision points and preserving a compliance‑ready audit trail.
- Bulk Account/Share Opening – Enables branch staff to initiate multiple accounts in a single workflow. Institutions have reported opening as many as 16 accounts within one application, dramatically cutting administrative overhead for both consumer and business products.
- Joint Owner Applications – Simplifies multi‑applicant scenarios by allowing all parties to be added at the outset of the workflow. The enhancement reduces post‑booking adjustments and shortens the overall time to activation.
- Multi‑Authorized Signer Applications – Gives branch personnel the ability to configure complex signer hierarchies before the account is booked. Capturing these requirements early reduces follow‑up work and accelerates readiness for business clients that often need layered approval structures.
Collectively, these tools address a common pain point in legacy banking environments: the disjointed handoff between digital intake and branch processing. By consolidating decision‑making and documentation within a single platform, MANTL reduces the “silo” effect that traditionally slows down onboarding.
Executive perspective
Benjamin Conant, Alkami’s chief product officer, framed the results as evidence that growth and efficiency need not be mutually exclusive. “Financial institutions are under increasing pressure to grow deposits, deliver exceptional account holder experiences, and do more with existing resources,” Conant said. “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 experience, and strengthen relationships with the people, businesses, and the communities they serve.”
Market context: Digital‑first expectations
The press release’s timing aligns with a growing consensus that modern banking customers expect near‑instant, omnichannel experiences. A 2024 Alkami proprietary survey of 202 digital‑banking decision makers found that speed of onboarding is now a top‑tier factor influencing platform selection. The same study highlighted that institutions that lag in digital efficiency risk higher abandonment rates and lower deposit capture.
In parallel, regulatory scrutiny around “know‑your‑customer” (KYC) and anti‑money‑laundering (AML) compliance continues to tighten. By embedding auditable comment trails and pre‑configured signer structures, MANTL helps institutions meet compliance obligations without sacrificing speed—a balance that many legacy systems struggle to achieve.
Competitive positioning
Alkami’s MANTL platform sits at the intersection of two competitive forces: the race for deposit market share and the push toward branch digitization. While many fintech vendors focus exclusively on either digital‑only onboarding or branch automation, MANTL’s hybrid approach—supporting both digital and physical channels—offers a differentiated value proposition for banks that still maintain a significant branch footprint.
The platform’s ability to handle complex business account structures also positions it against niche loan‑origination solutions that often lack robust deposit‑account capabilities. By providing a unified workflow for both consumer and business products, MANTL may appeal to mid‑size banks and credit unions seeking to consolidate technology stacks.
Outlook for 2026 and beyond
Alkami indicated that 2026 will see dozens of additional features aimed at further reducing post‑booking cleanup and enhancing branch efficiency. While the company did not disclose a detailed roadmap, the emphasis on “bulk” operations and collaborative comment streams suggests a continued focus on scaling staff productivity.
Industry analysts will likely watch how the platform’s adoption translates into measurable deposit growth for its clients over the next twelve months. If the early numbers hold—particularly the claim of a ten‑minute average for business accounts—MANTL could become a benchmark for “fast‑track” onboarding in a market where speed is increasingly synonymous with competitiveness.
Bottom line
Alkami’s MANTL solution appears to deliver a compelling mix of deposit generation, operational efficiency, and compliance‑friendly design. By cutting retail account opening times to under five minutes and business account times to roughly ten minutes, the platform not only outpaces industry averages but also provides a tangible pathway for banks and credit unions to capture deposits in a highly competitive environment. The reported $40 billion in new deposits and the one‑million‑hour labor reduction underscore the tangible business impact of modernizing the onboarding experience.
For financial institutions grappling with legacy bottlenecks, MANTL offers a concrete example of how integrated, cross‑channel technology can transform a traditionally labor‑intensive process into a strategic growth engine.
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