MANTL Revolutionizes Digital Onboarding with Plaid Layer Integration
MANTL, a cutting-edge financial technology provider, has made a groundbreaking move by becoming the first fintech to offer and resell Plaid Layer, an instant onboarding technology previously exclusive to leading neobanks. This strategic integration empowers regional and community banks to deliver seamless digital onboarding experiences, rivaling those of tech-first neobanks while enhancing growth and conversion rates.
Unlocking Seamless Onboarding Experiences
With the integration of Plaid Layer into its platform, MANTL can now boast a remarkable one-minute account opening time, significantly reducing the traditional onboarding process. Plaid Layer facilitates rapid identity verification and external account linking, all within a secure and user-friendly interface. By streamlining these critical steps, MANTL enhances the efficiency of onboarding, enabling more users to complete applications swiftly and securely.
Empowering Community Banks for Success
Benjamin Conant, MANTL’s co-founder and chief technology officer, highlights the company’s mission to empower local banks and credit unions to compete effectively with major players in the industry. By democratizing access to Plaid Layer, MANTL helps these institutions regain their competitive edge and meet evolving customer demands.
Key Benefits of MANTL-Plaid Layer Integration
- Conversion Boost: Banks leveraging Plaid Layer have witnessed up to a 25% increase in end-to-end conversion rates.
- Rapid Onboarding: Plaid Layer can onboard an account holder in just one minute, simplifying the signup process by up to 87%.
- Secure Growth: The combined solution ensures a secure, scalable path to customer expansion, driving customer loyalty and operational efficiency.
Deepening Partnerships for Innovation
MANTL’s collaboration with Plaid underscores its commitment to innovation and customer-centric solutions. Over 100 MANTL clients already benefit from Plaid services, reporting substantial improvements in application reservation rates and overall user experience.
About MANTL and Plaid
MANTL, now part of Alkami Technology, specializes in providing advanced account origination technology for banks and credit unions, enabling real-time account opening across various banking channels. Plaid, a global data network, empowers millions of individuals with innovative financial tools, revolutionizing lending, payments, and fraud prevention.
Together, MANTL and Plaid are reshaping the digital banking landscape, offering unparalleled convenience and security for financial institutions and their customers.
For more information on MANTL’s transformative solutions or to experience a live demonstration, visit their official website.
SOURCE: Alkami Technology, Inc
