The MANTL-Alloy Partnership Surpasses 2 Million Processed Applications
MWN-AI** Summary
MANTL and Alloy have achieved a significant milestone by processing over 2 million deposit applications through their partnership, which emphasizes an average automated decision rate exceeding 80%. This collaboration has transformed how financial institutions manage the balance between growth, user experience, and fraud prevention. Supporting more than 150 shared customers, the partnership delivers an integrated approach to account opening and risk management, enhancing conversion rates and minimizing fraud.
One notable success story is Ascend Bank, where implementing the MANTL and Alloy integration resulted in a $165,000 reduction in new account fraud losses. This transformation has improved the bank's operational efficiency and customer onboarding processes, granting real-time visibility into identity risks and automating key compliance workflows.
The foundation of the MANTL-Alloy partnership lies in their shared vision of enabling institutions to grow securely while mitigating identity and fraud risks. MANTL’s technology streamlines the account opening experience, while Alloy handles crucial identity validation and compliance processes. This partnership has set a new standard in the financial sector for digital account opening.
Both companies emphasize their commitment to innovation and enhancing client outcomes. Benjamin Conant from Alkami highlights the depth of their integration and alignment on product strategy, while Alloy's CEO Tommy Nicholas points out that effective fraud prevention supports business growth by providing clients with a comprehensive view of customer identities.
As MANTL and Alloy focus on continually modernizing operational workflows in digital banking, they remain dedicated to addressing complex identity and risk challenges. Their partnership signals a robust future for financial institutions looking to optimize onboarding and enhance customer experience.
MWN-AI** Analysis
The recent milestone achieved by the MANTL-Alloy partnership, surpassing 2 million processed applications, signals a transformative shift in the landscape of financial services. By providing a seamless, integrated solution for account opening and fraud prevention, MANTL and Alloy have redefined how financial institutions can balance growth, user experience, and risk management.
With an impressive automated application decision rate exceeding 80%, this partnership has demonstrated its efficacy in enhancing operational efficiency, illustrated by Ascend Bank's substantial reduction of $165,000 in new account fraud losses. Such tangible results highlight the value proposition that MANTL and Alloy present to financial institutions, especially as they navigate increasingly sophisticated fraud threats while striving for higher conversion rates.
Investors should take note of the implications this partnership has on the broader financial technology sector. Financial institutions are under increasing pressure to digitize and enhance their customer onboarding processes, and the MANTL-Alloy collaboration represents a best-in-class example of how to effectively achieve this. With over 150 shared clients, the potential for continued growth and innovation seems robust.
Moreover, as both companies focus on modernizing their operational workflows and addressing identity risk challenges, the scalability of their solutions can appeal to a wide range of financial institutions, positioning MANTL and Alloy as leaders in the digital banking transformation.
For investors and market analysts, observing the progression of their integrated solutions into additional use cases will be critical. The alignment on product strategy and customer outcomes suggests a forward-thinking approach that could lead to sustained competitive advantages, thereby providing a lucrative investment opportunity in a space ripe for modernization.
In conclusion, keeping an eye on MANTL and Alloy's trajectory could yield insights into the future of digital banking and identity security, presenting a promising investment narrative.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
This milestone reflects the strength of the partnership as it redefines how financial institutions balance growth, user experience, and fraud prevention
MANTL , an Alkami solution team and leading provider of loan and deposit account opening technology , and Alloy , a leading identity and fraud prevention platform provider, today announced that their partnership has processed more than 2 million deposit applications, achieving an average automated application decision rate exceeding 80%. The partnership now supports over 150 shared customers, delivering a seamless, end-to-end account opening and risk management workflow that helps financial institutions increase conversion rates, reduce fraud, and scale their operations.
“Within a year of overhauling our account opening process with MANTL and fully leveraging the MANTL–Alloy integration, Ascend Bank reduced new account fraud losses by $165,000,” said Alex Sulpasso, executive vice president and chief operating officer at Ascend Bank in Connecticut. “The integrated solution has also transformed how our Risk and BSA teams operate, giving them real-time visibility into fraud and identity risk and automating critical KYC and KYB workflows. It’s dramatically improved both our operational efficiency and our ability to onboard customers with confidence.”
The longstanding partnership was built on a shared vision: enabling financial institutions to grow efficiently while managing identity and fraud risk with confidence. MANTL provides a configurable, streamlined omnichannel account opening experience, while Alloy orchestrates and validates identity, fraud, and compliance data behind the scenes. Together, the integration has fundamentally changed how banks and credit unions onboard customers and members, setting an industry standard for digital account opening and risk management.
“What makes this partnership so effective is the depth and maturity of our integration, our shared commitment to innovation, and our clear alignment on both product strategy and customer and member outcomes,” said Benjamin Conant, chief product officer, Alkami. “MANTL and Alloy were founded within a few years of each other, and we’ve grown together as strategic partners, helping the industry rethink what growth can look like, all while raising the bar for fraud prevention both online and in-branch. We’re excited for the next 2 million applications to be processed as we continue expanding into additional use cases that will further strengthen the joint value we deliver to financial institutions and their account holders.”
“Our partnership with MANTL shows that strong fraud prevention can actively fuel business growth,” said Tommy Nicholas, co-founder and chief executive officer of Alloy. “By giving our joint clients a complete view of customer identities, we’re helping them stay ahead of fraud, unlock more opportunities to serve legitimate customers, and deliver a better experience.”
Both companies remain focused on helping financial institutions modernize and streamline operational workflows, while addressing increasingly complex identity and risk challenges within digital banking.
To learn how MANTL and Alloy can transform your onboarding and account opening process, empowering your team, or to schedule a demo, click here .
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), a digital sales and service platform provider for financial institutions in the U.S. For more information, visit mantl.com or follow MANTL on LinkedIn .
About Alloy
Alloy provides an identity and fraud prevention platform that enables global financial institutions and fintechs to manage identity risk so they can grow with confidence. Over 700 of the world's largest financial institutions and fintechs turn to Alloy's end-to-end platform to access actionable intelligence and the broadest network of data sources across the industry, as well as stay ahead of fraud, credit, and compliance risks. Founded in 2015, Alloy is powering the delivery of great financial products to more customers around the world. Learn more at alloy.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20251218512104/en/
Jacquelyn Daane
Jacquelyn@mantl.com
FAQ**
How do the integration synergies between MANTL and Alloy enhance the overall value proposition for clients like Alkami Technology Inc. ALKT in terms of fraud prevention and operational efficiency?
In what ways has the partnership between MANTL and Alloy redefined user experience for clients following the average automated application decision rate exceeding 80% reported by Alkami Technology Inc. ALKT?
What specific strategies are MANTL and Alloy employing to address the increasingly complex identity and risk challenges faced by financial institutions as highlighted in their collaboration with Alkami Technology Inc. ALKT?
Can you elaborate on future developments that MANTL and Alloy are considering to further strengthen their partnership and support clients like Alkami Technology Inc. ALKT in processing new applications and managing risk?
**MWN-AI FAQ is based on asking OpenAI questions about Alkami Technology Inc. (NASDAQ: ALKT).
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