Alkami’s MANTL Powers Rhinebeck Bank Account Opening in Under Ten Minutes
Alkami’s MANTL unit has partnered with Rhinebeck Bank to deploy an omnichannel deposit origination platform enabling business accounts in under ten minutes and consumer accounts in under five minutes. The solution automates KYC, AML, BSA checks, funding and core booking to reduce manual processes and expand digital reach.
1. Partnership Launch
Alkami's MANTL unit and Rhinebeck Bank have initiated a collaboration to implement an omnichannel deposit origination platform across physical and digital channels. Deployment will begin with digital enhancements, allowing new business customers to open accounts online and existing clients to access updated onboarding tools.
2. Platform Capabilities
MANTL's platform automates critical processes including KYC, AML and BSA compliance checks, product ordering, funding and core system booking. The technology enables consumer deposit accounts in under five minutes and business deposit accounts in under ten minutes, significantly reducing manual workloads.
3. Strategic Implications
This partnership aligns with Rhinebeck Bank's digital transformation strategy focused on operational efficiency and customer-centric growth. For Alkami, adding Rhinebeck Bank expands its footprint in community banking, bolstering recurring revenue potential and demonstrating platform scalability.