Streamlined branch operations, simplified banker workflows, and increased wallet share are the primary objectives of MANTL's newly introduced Bulk Account Opening service.
MANTL, an Alkami solution team and leading provider of loan and deposit account opening technology, has launched a game-changing feature: MANTL Bulk Account Opening. This innovative solution is designed to help financial institutions open multiple retail or business accounts through a single application, streamlining the account opening process and offering a faster, more seamless in-branch experience for customers.
In-branch business account onboarding, in particular, is transformed by Bulk Account Opening. This feature delivers substantial efficiency gains for frontline teams, reducing administrative burden and saving significant time. Early adopters have opened as many as 14 business accounts in a single, streamlined application workflow.
Ascend Bank in Connecticut is one such early adopter, successfully opening up to 14 business accounts simultaneously through a single workflow using MANTL's Bulk Account Opening solution. Alex Sulpasso, executive vice president and chief operating officer at Ascend Bank, stated that this new feature saves significant time and reduces the risk of errors.
The benefits of MANTL Bulk Account Opening extend beyond operational efficiency. It can deepen customer relationships and grow wallet share by providing true value for businesses and households with multiple accounts. By offering a faster, more efficient account opening process, financial institutions can attract and retain more customers, fostering long-term relationships and increasing customer loyalty.
In conclusion, MANTL Bulk Account Opening is a valuable tool for financial institutions looking to boost operational efficiency, improve customer experience, and grow their business. By streamlining the account opening process, this new feature is set to revolutionise the way banks operate, delivering a more efficient, customer-focused banking experience.
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