Banking News

Keystone Bank Partners with MANTL to Enhance its Deposit Onboarding Experience

Keystone Bank Partners with MANTL to Enhance its Deposit Onboarding Experience

This partnership will empower Keystone Bank to launch online business deposit account opening for the first time to better serve commercial customers and deliver a best-in-class digital experience

Keystone Bank, one of the fastest-growing banks in Central Texas, announced a partnership with MANTL, a leading provider of account origination solutions, to enhance its deposit onboarding experience for businesses and consumers and continue Keystone’s goal of becoming an industry leader in the digital space.

“Keystone’s commitment to digitizing and providing its commercial and retail customers with the best deposit onboarding experience ensures that its customers will have an excellent digital experience from their very first touchpoint.”

Keystone Bank will leverage Consumer Deposit Origination by MANTL to enhance its online account opening process. With MANTL, Keystone Bank will remove friction from its current account opening process, empowering customers to open a new deposit account in less than three minutes with a superior digital experience. Keystone will also leverage Commercial Deposit Origination by MANTL to launch online business deposit account opening for the first time. Businesses will be able to seamlessly and securely open a new business account on any device or any channel, including in-branch, online, on a mobile app, or in the field.

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“This is an exciting time and a tremendous opportunity for our bank. The MANTL platform will allow us to effectively expand our brand to acquire both consumer and commercial relationships from a digital channel,” said Ty Byrd, Vice President, Digital Banking Officer. “We sought a partner who is tech-first, entrepreneurial, and has a forward-thinking mentality. In addition to transforming the front-end user experience, MANTL will dramatically streamline our operations, reduce friction, and eliminate duplication of processes.”

Keystone Bank grew deposits by $220 million or over 50% in 2022 with the expectation of continued deposit growth in 2023. This partnership will allow Keystone to quickly and effectively raise deposits at scale, reach new audiences and activate additional revenue streams. MANTL automates up to 97% of application decisions, so the Keystone Bank team can focus on providing customers with exceptional service and deepening existing banking relationships, even during periods of rapid growth.

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“Keystone Bank is a tech-forward institution with a deep understanding of the changing banking landscape and customers’ increased expectations for modern digital experiences,” said Nathaniel Harley, co-founder and CEO of MANTL. “Keystone’s commitment to digitizing and providing its commercial and retail customers with the best deposit onboarding experience ensures that its customers will have an excellent digital experience from their very first touchpoint.”

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[To share your insights with us, please write to sghosh@martechseries.com]

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