ConnectOne Bank Partners with MANTL to Enhance Deposit Onboarding for Businesses and Consumers
13 Setembro 2022 - 9:00AM
MANTL, a leading provider of account origination solutions, today
announced a partnership with ConnectOne Bank, the wholly-owned
depository subsidiary of ConnectOne Bancorp, Inc. (NASDAQ: CNOB),
to streamline and digitize the bank’s deposit onboarding process
for consumer, small business and commercial clients while driving
efficiency and opening new revenue streams.
MANTL will enhance ConnectOne’s deposit origination platform,
providing omnichannel Consumer Deposit Origination and Business
Deposit Origination solutions that enable consumers and businesses
of all sizes and complexities to simply and efficiently open a
deposit account online, in-branch, in a call center or in the
field. This partnership is a strategic initiative that allows
ConnectOne to expand its commercial banking model and will help
drive deposit growth, support geographic and market expansion,
create new verticals and streamline back-office efficiencies at the
nearly $9B asset-sized bank.
“ConnectOne and MANTL share a tech-first, entrepreneurial and
forward-thinking mentality,” said Nathaniel Harley, co-founder and
CEO of MANTL. “We are building for the future and believe that
strategic banking technology is key to remaining agile and relevant
in today’s digital-first banking landscape. We are thrilled to
support ConnectOne’s ongoing growth and business objectives as its
deposit origination solution of choice.”
“We’re building for the future and our partnership with MANTL
furthers ConnectOne’s tech-forward strategy while supporting our
growth and scale. MANTL’s modern digital platform allows ConnectOne
to offer our clients and bankers an end-to-end deposit onboarding
solution, optimizing business opportunities and creating
efficiencies,” said Frank Sorrentino, chairman and CEO of
ConnectOne. “In addition to transforming the user experience on the
front-end, MANTL will dramatically streamline operations to reduce
friction and the duplication of processes, while providing access
to actionable real-time data. These initiatives expand ConnectOne’s
reach, support our growth into new markets, and work to enhance our
industry-leading efficiency ratio.”
MANTL will replace a variety of systems at ConnectOne to create
new avenues for growing deposits while refining and modernizing new
client onboarding, client engagement, and the management of deposit
origination, product set and services.
For more information on MANTL or to schedule a demo, please
visit: https://www.mantl.com/request-a-demo/.
About MANTLMANTL is a financial technology firm
offering omnichannel account origination software for banks and
credit unions. Consumer Deposit Origination by MANTL is among the
fastest and most performant solutions on the market, empowering
net-new prospects to open accounts in under three minutes, enabling
existing account holders to open additional accounts with just one
click, and reducing fraud by as much as 67%. Business Deposit
Origination by MANTL is a first-of-its-kind solution that
reimagines account opening for businesses of all sizes by
automating up to 97% of application decisions. MANTL’s customers
have raised billions in core deposits to date. Founded in 2016,
MANTL is a privately held company headquartered in New York with
the backing of prominent venture capital investors. For more
information, visit mantl.com.
About ConnectOne BankConnectOne Bank, a
subsidiary of ConnectOne Bancorp, Inc. (NASDAQ: CNOB) is a leading
commercial bank with total assets nearing $9 Billion. ConnectOne
offers a full suite of banking and lending services to commercial,
small business and consumer clients. Founded by an entrepreneur,
ConnectOne combines leading digital solutions with high-level
service to offer an unparalleled experience to its
clients.www.ConnectOneBank.com
Investor Contact
William S. BurnsSenior Executive VP
&
CFO201.816.4474: bburns@cnob.com
Media
Contact :Shannan Weeks,
MWW732.299.7890: sweeks@mww.com
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