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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.

By Tomas Reyes2 min read
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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.

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Key takeaways

Frequently asked

How much has MANTL raised in deposits and how many labor hours has it saved?

MANTL has surpassed $40 billion in total deposits raised and has eliminated more than one million hours of account-opening labor for financial institutions.

When and where was the milestone announced?

The Plano, Texas-based Alkami Technology made the announcement on June 30, 2026.

Who is the core market for the MANTL platform?

Community banks and credit unions are the core market, which Alkami says can close the digital onboarding gap with larger institutions without building the capability themselves.

Why does Alkami emphasize total deposits raised as a metric?

Citing total deposits raised frames MANTL in the balance-sheet language CFOs and asset-liability managers use, shifting the pitch from technology spend to revenue and cost contribution.

What details did Alkami not disclose?

Alkami did not break out the number of contributing institutions, the accumulation period, the dollar value of labor savings, MANTL's revenue contribution, or any updated financial guidance.