October 1, 2024
Mantl, an account origination solutions provider, has introduced its Business Deposit Origination solution for credit unions. According to a press release, the tool allows businesses to open an account in less than 10 minutes online (15 minutes in a branch) and reduces manual review workflows by more than 50%.
Mantl has designed tools with automated business and customer workflows, automated “memberization,” staff guidance, and real-time synchronization across channels. The solution also offers digital document collection, dynamic application checklists, and more.
“Mr. Mantle is addressing critical technology gaps in the financial services industry towards a modern, member-centric business account opening process. ,” said co-founder Nathaniel Hurley. said Mantl’s CEO in a release. “Mantl Bank customers have been using our business deposit origination platform for two years and have seen up to a 60% increase in business account openings and a 75% reduction in document requests. We can’t wait to see the positive impact the account opening process will have on our credit union partners, their business members, and our communities.”
