MANTL, an Alkami solution team, announced a partnership with State Employees' Credit Union of Maryland (SECU), a $5.7 billion credit union, to enhance its in-branch and online account opening processes for businesses and retail members. SECU already leverages Alkami's Digital Banking Platform, and this expanded partnership will utilize the combined power of MANTL and Alkami.
SECU will use MANTL's Consumer Deposit Origination to transform online account opening, enabling members to open new deposit accounts typically in less than 5 minutes, and within 10 minutes for in-branch experiences. MANTL's Business Deposit Origination will allow SECU to attract and serve businesses by providing seamless and secure account opening on any device or channel.
Jason Reimer, EVP, chief infrastructure and experience officer at SECU, emphasized their commitment to cutting-edge digital solutions for members and employees. The integration with SECU's core processing system will automate over 85% of application decisions, including KYC, AML, and BSA, creating efficiencies and minimizing manual processes.
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