MANTL Platform Tops $40 Billion in Deposits as Account-Opening Hours Saved Cross One Million
Alkami Technology, Inc. (Nasdaq: ALKT) said its MANTL platform has surpassed $40 billion in total deposits raised and has helped financial institutions eliminate more than one million hours of account-opening labor. The Plano, Texas-based company made the announcement June 30, 2026, framing the dual milestone as evidence that digital account-opening technology can move the needle on both revenue and cost simultaneously.
Key takeaways
- Alkami Technology's MANTL platform has surpassed $40 billion in total deposits raised for financial institutions.
- MANTL has helped financial institutions eliminate more than one million hours of account-opening labor.
- Alkami announced the dual milestone on June 30, 2026, from its base in Plano, Texas.
- The company did not disclose how many institutions contributed to the total, the time period involved, MANTL's revenue contribution, or updated financial guidance.
- Alkami trades on Nasdaq under the ticker ALKT and targets community banks and credit unions as MANTL's core market.
Alkami Technology, Inc. (Nasdaq: ALKT) said its MANTL platform has surpassed $40 billion in total deposits raised and has helped financial institutions eliminate more than one million hours of account-opening labor. The Plano, Texas-based company made the announcement June 30, 2026, framing the dual milestone as evidence that digital account-opening technology can move the needle on both revenue and cost simultaneously.
Deposits as the Scoreboard
The $40 billion figure is the metric that will draw attention from bank and credit union executives, because deposit growth is the feedstock for lending. Account-opening software has traditionally been sold on friction reduction and abandonment rates — customer-facing metrics that are real but indirect. Citing total deposits raised puts MANTL in the business case language that asset-liability managers and CFOs use, shifting the pitch from technology spend to balance-sheet contribution.
Alkami describes the capability as modern account opening technology that can accelerate deposit growth for financial institutions. The company did not break out how many institutions contributed to the aggregate, or over what time period the $40 billion accumulated.
The Labor Equation
The one-million-hours figure targets the operational side of the ledger. Account opening at community banks and credit unions has historically involved manual review steps, paper-based verification, and back-office reconciliation — processes that carry headcount costs even when the front-end is partially digitized.
Alkami said the hours saved reflect improved operational efficiency across its client base. The company did not specify what portion of those hours translated to staff reductions versus redeployment, nor did it disclose the dollar value of the labor savings.
Commercial Stakes for Community Institutions
For the community banks and credit unions that make up the core market for platforms like MANTL, the competitive pressure is concrete: larger institutions have spent heavily on digital onboarding for years, and account-holder acquisition increasingly happens on mobile. Alkami, trading on Nasdaq under the ticker ALKT, is positioning the MANTL milestone as validation that mid-tier institutions can close that gap without building the capability themselves.
The company did not disclose revenue contribution from MANTL or update financial guidance in connection with the announcement.