Alkami Enables $2.5B Austin Telco FCU to Open New Accounts in Five Minutes
Alkami’s MANTL team will deliver a digital-first account opening solution to Austin Telco FCU, a $2.5B credit union, reducing online deposit account openings to under five minutes and in-branch to under 10 minutes. The platform automates over 85% of KYC, AML, BSA checks and streamlines funding and core booking workflows for faster member onboarding.
1. Partnership Details
Alkami’s MANTL team has partnered with Austin Telco Federal Credit Union, a $2.5 billion institution with 24 branches, to modernize its retail account opening process. The collaboration covers both digital and physical channels, unifying the member onboarding experience under a single platform.
2. Operational Impact and Benefits
With MANTL Retail Account Opening, Austin Telco FCU members can open deposit accounts online in under five minutes and in-branch in under 10 minutes. The solution automates more than 85% of application decisions—covering KYC, AML, and BSA checks—while integrating funding and core booking to reduce manual effort and improve staff productivity.