Alkami, a cloud-based digital banking core platform, has acquired account opening technology provider Mantl for $400 million to expand its digital sales and service position. Mantl, which currently services 112 institutions, has facilitated over $31 billion in deposits and saved 350,000 hours of employee time through automation. The acquisition allows Alkami to expand its share of the market, increase its cross-sell opportunities, and enhance its competitive capabilities for financial institutions.
Alkami Boosts Account Opening Capabilities with $400M Mantl Acquisition
