Amplify Credit Union Partners with MANTL to Modernize Business and Retail Account Opening
MWN-AI** Summary
Amplify Credit Union has announced a strategic partnership with MANTL, aiming to enhance and modernize the onboarding experience for both business and retail account openings. This collaboration will deploy MANTL's omnichannel deposit origination technology, which is designed to streamline the process, significantly minimizing the friction users face in opening accounts.
With this new system, both business and retail members can expect a more efficient account opening process, available online, in-branch, or in the field. Notably, business accounts can be established in under 10 minutes, while retail accounts can be opened in less than five minutes. This initiative is part of Amplify’s broader growth strategy, including the introduction of a Business Deposit Origination tool followed by a Retail Deposit Origination system, aimed at providing a seamless experience for users and staff alike.
Stacy Armijo, Amplify’s Chief Experience Officer, highlighted the importance of choosing the right platform to support their ambitious treasury management services and noted MANTL's strength in delivering a blend of convenience and security. The partnership will also enable Amplify to automate over 85% of its application processes, including essential checks like Know Your Customer (KYC) and Anti-Money Laundering (AML), enhancing operational efficiency and reducing manual tasks.
MANTL, known for its real-time account origination technology, aims to redefine modern onboarding practices within the financial sector. The implementation of this enhanced digital banking infrastructure positions Amplify Credit Union to better serve its over 50,000 members while leveraging data insights to drive growth and improve user experience. The partnership is expected to set a new standard for account opening within the industry.
MWN-AI** Analysis
The partnership between Amplify Credit Union and MANTL to modernize account opening processes presents a significant opportunity for investors and stakeholders in the financial services sector. This collaboration underscores the growing trend of digital transformation within banking, allowing Amplify to streamline its business and retail account onboarding.
As customer preferences shift toward digital solutions, the implementation of MANTL's omnichannel deposit origination technology is timely. Amplify's ability to enable businesses to open accounts in under 10 minutes and retail customers in under five minutes positions it favorably in a competitive landscape. This reduced friction not only enhances customer satisfaction but is likely to attract new members, ultimately driving growth in deposits and, consequently, revenue.
The automation of over 85% of application decisions, along with advanced compliance checks, signifies a strategic move to reduce operational costs and errors. Investors should note that this efficiency—along with the access to over 1,350 data points—will empower Amplify to fine-tune its marketing strategies, enhance member experiences, and make data-driven decisions. This capability could offer a significant competitive edge in member acquisition and retention.
Additionally, Amplify has demonstrated a commitment to innovation and excellence, as evidenced by its accolades for workplace and service quality. This reputation will likely contribute to its appeal among potential members and investors alike.
In terms of market advice, stakeholders should consider the potential for Amplify Credit Union to capture additional market share amid the digital banking revolution. As this partnership matures, close monitoring of deployment results, member acquisition rates, and growth in core deposits will be crucial indicators of Amplify’s evolving market position and future profitability. Overall, Amplify's modernization efforts through this partnership not only strengthen their operational framework but position them well for sustained growth in an increasingly digital financial landscape.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
PR Newswire
The partnership will transform credit union's business and consumer account opening journey, creating a faster, more intuitive onboarding experience online and in-branch
PLANO, Texas, Feb. 4, 2026 /PRNewswire/ -- MANTL, an Alkami solution team and leading provider of loan and deposit account opening technology, today announced a partnership with Amplify Credit Union (Amplify), a credit union headquartered in Austin, Texas, to modernize its business and consumer onboarding and account opening experience across all physical and digital banking channels.
With MANTL's omnichannel deposit origination technology, Amplify will remove friction from its current onboarding process, allowing businesses and consumers to open deposit accounts anytime, anywhere, including online, in-branch, or in the field. Amplify will launch Business Deposit Origination by MANTL first as part of its expansive growth plans, followed by Retail Deposit Origination to deliver a seamless digital and in-branch onboarding and account opening journey for members and employees alike. Business members will be able to open new accounts online in less than 10 minutes, while retail members will benefit from a faster, intuitive onboarding experience that can be completed in under five minutes.
"When Amplify launched our fee-free treasury management services, we knew one of the keys to our success would be choosing the right account opening platform," said Stacy Armijo, chief experience officer at Amplify. "MANTL stood out from day one. The MANTL Platform prioritizes convenience and security in equal measure, and we cannot wait to work with the insights we will gain into our members' account opening experience. We look forward to rolling out MANTL for organizations and individuals alike in the months ahead."
Through the partnership, Amplify will be able to automate over 85% of application decisions, including Know Your Customer (KYC), Anti-Money Laundering (AML), Bank Secrecy Act (BSA) checks, product service ordering, funding, and core booking, to reduce manual processes and accelerate growth. MANTL provides access to more than 1,350 data points across demographic, behavioral, and other account opening insights, enabling Amplify to make actionable and strategic decisions to drive growth, inform marketing spend and improve member experience.
"MANTL is excited to partner with Amplify Credit Union as they expand digital business banking efforts and scale growth institution-wide," said Benjamin Conant, chief product officer, Alkami and co-founder, MANTL. "By implementing a unified, omnichannel deposit account opening experience, Amplify is redefining what modern onboarding looks like for members and employees: confident, seamless, and digital-first."
To learn how MANTL can transform your account opening process and empower your team, or to schedule a demo, visit here.
To learn more about Anticipatory Banking and the Alkami Digital Sales & Service Platform, visit here.
Alkami has been certified by J.D. Power in 2024 and 2025 for providing "An Outstanding Mobile Banking Platform Experience."1
About MANTL
MANTL is an Alkami solution team that offers unified account origination technology, empowering banks and credit unions to open loan and deposit accounts seamlessly on any banking channel in real time. MANTL Deposit Origination is among the fastest and most performant solutions on the market; consumers can open a new deposit account in under five minutes, businesses can open a new deposit account in under 10 minutes, and MANTL customers raise billions in core deposits. MANTL Loan Origination simplifies each step in the loan process, automating up to 100% of loan application decisions to ensure an intuitive, feature-rich experience from personal loans to business financing. Founded in 2016, MANTL was acquired in March 2025 by Alkami Technology, Inc. (Nasdaq: ALKT). For more information, visit mantl.com or follow MANTL on LinkedIn.
About Amplify Credit Union
Amplify Credit Union offers fee-free banking and award-winning lending to anyone who lives or works in Texas. In 1967, the organization was founded as the credit union for IBM employees in Austin. Today, it provides digital-first banking and lending services to over 50,000 members, including home loans, checking & savings accounts, commercial lending, and more. In addition, Amplify has been named a Top Workplace in Austin for three years in a row, and this year was named a Top 50 Workplace in the USA. The organization is rooted in its mission to improve the financial lives of its members and uses the proceeds from that to provide a safe place to call home for those without. Join us at www.goamplify.com.
Media Relations Contacts
Vested
alkami@fullyvested.com
Marla Pieton
marla.pieton@alkami.com
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SOURCE Alkami Technology, Inc.
FAQ**
How will the partnership between Amplify Credit Union and MANTL, an Alkami Technology Inc. (ALKT) solution team, enhance the overall account opening experience for both business and retail members?
In what ways does MANTL's technology automate over 85% of application decisions, and how will this impact Amplify Credit Union's operational efficiency moving forward with Alkami Technology Inc. (ALKT)?
What specific metrics does Amplify Credit Union anticipate using to measure the success of its modernized account opening process in collaboration with MANTL as part of Alkami Technology Inc. (ALKT)?
How does the partnership with MANTL position Amplify Credit Union for future growth and competitive advantage in the digital banking space, especially as part of Alkami Technology Inc. (ALKT)?
**MWN-AI FAQ is based on asking OpenAI questions about Alkami Technology Inc. (NASDAQ: ALKT).
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