Software

Mantl intros deposit origination solution for credit unions

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October 1, 2024

Mantl, an account origination solutions provider, introduced its Business Deposit Origination solution for credit unions. With this tool, businesses can open accounts in less than 10 minutes online (or 15 minutes in the branch) and reduces manual review workflow by more than 50%, according to a press release.

Mantl designed the tool with automated know-your-business and customer workflows, automated 'memberization', staff guide, and real-time syncing across channels. The solution also offers digital document collection, dynamic application checklist and more.

"Mantl is addressing the critical technology gap in the financial services industry for a modern, member-centric business account opening process. This includes challenging the industry's acceptance that opening a business deposit account must be difficult by default," Nathaniel Harley, co-founder and CEO of Mantl, said in the release. "Mantl bank customers have been using our Business Deposit Origination platform for two years and have experienced up to a 60% increase in business account openings with a 75% reduction in document requests. We can't wait to see the positive impact a streamlined business account opening process has on our credit union partners, their business members, and community."