Elk City, Okla. – July 10, 2024 – Great Plains Bank, a $1.6B bank headquartered in Oklahoma, today announced a partnership with MANTL, a leading provider of account origination solutions, to enhance its deposit onboarding experience for businesses and consumers. Great Plains Bank will leverage MANTL’s full suite of omnichannel deposit origination products to remove friction from its current account opening process, empowering businesses and consumers to quickly open new deposit accounts in-branch or online.
MANTL’s omnichannel technology will integrate seamlessly with Great Plains Bank’s core, allowing consumers to open a deposit account within minutes. The new process will offer surprisingly easy funding, real-time application decisions, and instant account details to provide the immediate gratification that consumers expect from digital services.
Businesses will be delighted by an experience that bridges the gap between physical and digital channels to facilitate the seamless, secure flow of information between banker and customer regardless of location or device. Small and medium businesses will be able to open accounts in less than 15 minutes with minimal manual intervention. For complex businesses, beneficial owners and operators can fill out their portions of the application simultaneously, wherever they choose to do so, and can flow between virtual and in-person information collection when support from their banker is needed. Reducing the time it takes to open a business or consumer account in person will allow Great Plains Bank’s employees to focus their efforts on building deeper relationships with their clientele.
“The intuitive nature of MANTL’s omnichannel platform allows Great Plains Bank to provide abetter experience for both our customers and our staff,” said Trace Larman, COO at Great Plains Bank. “MANTL’s ease of use, coupled with increases in efficiency and seamless integrations, will allow us to open more consumer and business deposit accounts faster and expand our customer base.”
Digitizing the in-branch account opening experience across its 23-branch network will allow Great Plains Bank to greatly reduce manual processes. Great Plains Bank will now be able to automate over 90% of the application process, including decisioning, product service ordering, and core booking. Through the partnership, the bank will implement best-in-class digital fraud prevention measures that catch bad actors in real time. The MANTL platform leverages over 30 digital data sources to validate information and meet KYC, AML, and BSA requirements in an easily auditable way.
“Great Plains Bank will now be able to oversee all business and consumer account opening, both online and in-branch, via one singular platform. This will help simplify processes, giving their bankers the time to cross-sell and build relationships instead of being bogged down by manual tasks,” said David Carlson, VP of Sales at MANTL. “And, by providing ‘one-front-door’ with MANTL, Great Plains Bank can efficiently meet every customer’s needs with diverse product offerings from a single point of entry.”
For more information on Great Plains Bank and current deposit offerings, please visit: gpbankok.com.
For more information on MANTL or to schedule a demo, please visit: mantl.com/request-a-demo/.
About MANTL
MANTL 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 customers raise billions in core deposits each month. 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 or follow MANTL on LinkedIn.
About Great Plains Bank
Great Plains Bancshares is a financial holding company headquartered in Elk City, Oklahoma. Its wholly owned bank subsidiary, Great Plains National Bank, was founded in 1996, as a successor to the original charter of The Groves National Bank, established in 1907. Deeply rooted in Great Plains National Bank’s history is a culture committed to providing personalized, relationship banking to its clients and communities. Great Plains National Bank provides a broad array of commercial and consumer financial products and services, including mortgage, investment, and wealth management services, to small businesses, agricultural enterprises, individuals, and retail clients, and currently operates 23 banking centers located in Oklahoma and Texas. As of May 31, 2024, Great Plains National Bank reported approximately $1.6 billion in total assets. For more information, visit www.gpbankok.com.
