Amplify Credit Union Partners with MANTL to Modernize Business and Retail Account Opening

Core Insights - The partnership between MANTL and Amplify Credit Union aims to modernize the onboarding and account opening experience for both business and consumer accounts, enhancing efficiency across digital and physical banking channels [1][4] Company Overview - MANTL is a leading provider of loan and deposit account opening technology, acquired by Alkami Technology in March 2025, and specializes in unified account origination technology [5] - Amplify Credit Union, founded in 1967, offers fee-free banking and award-winning lending services to over 50,000 members in Texas, focusing on improving financial lives [6][7] Partnership Details - The collaboration will utilize MANTL's omnichannel deposit origination technology to streamline the account opening process, allowing businesses to open accounts online in under 10 minutes and retail members in under 5 minutes [2][5] - Amplify will automate over 85% of application decisions, including KYC, AML, and BSA checks, to reduce manual processes and enhance growth [3] Strategic Goals - The initial focus will be on launching Business Deposit Origination, followed by Retail Deposit Origination, to create a seamless onboarding journey for members and employees [2][3] - The partnership is expected to provide Amplify with insights from over 1,350 data points, enabling strategic decision-making to drive growth and improve member experience [3]