The Minnesota-based credit union is also participating in the MANTL Loan Origination development partner program and will inform key development decisions to revolutionize consumer lending
Sleepy Eye, Minnesota – April 22, 2025 – SouthPoint Financial Credit Union, a nearly $550 million credit union serving communities across Minnesota, announced a partnership with MANTL, a leading provider of account origination solutions. This collaboration will enhance SouthPoint’s consumer and business account opening experiences across all banking channels. In addition, SouthPoint will join the MANTL Loan Origination development partner program, enabling early access to innovative lending capabilities and helping shape the future of consumer lending technology.
SouthPoint Financial Credit Union will implement Consumer Deposit Origination by MANTL to improve both online and in-branch account openings. The new system enables members to open deposit accounts in less than three minutes online or ten minutes in-branch. This streamlined, intuitive experience reduces friction and supports SouthPoint’s strategic growth goals for 2025 by making account onboarding easier and more accessible across digital and physical channels.
SouthPoint will also deploy Business Deposit Origination by MANTL, enabling businesses across Minnesota to open new accounts from any device or location—online, through a mobile app, in-branch, or in the field. The MANTL platform’s adaptive workflows and real-time automated decisioning simplify operations and enhance the service experience for business members.
As a member of the MANTL Loan Origination development partner program, SouthPoint will help influence the next generation of loan origination technology. The new platform unifies deposit and loan account openings with real-time synchronicity, creating powerful cross-sell opportunities and improving both member relationships and operational efficiency. MANTL Loan Origination leverages automation to streamline borrower information collection and decision-making, optimizing the lending process for speed, scale, and accuracy.
“We’re committed to delivering a world-class banking experience to our members, whether they’re visiting us in person or interacting digitally,” said Jay Gostonczik, President and CEO of SouthPoint Financial Credit Union. “MANTL’s platform will allow us to provide seamless, modern account opening and lending processes while reducing manual tasks for our team. This partnership is well aligned with our vision of simplifying banking and providing exceptional service to our members, at the speed of now.”
By integrating MANTL with its Fiserv DNA core, SouthPoint will automate over 85% of deposit application decisions—encompassing Know Your Customer (KYC), Anti-Money Laundering (AML), Bank Secrecy Act (BSA) compliance, product service ordering, funding, and core booking. This will enhance operational efficiency and minimize manual interventions.
“We are excited to partner with SouthPoint Financial Credit Union to transform the account opening and lending experience for its members,” said David Carlson, VP of Sales at MANTL. “SouthPoint’s commitment to innovation and providing an exceptional member experience aligns perfectly with MANTL’s mission to simplify and streamline banking processes. By leveraging our unified solution for both deposit and loan origination, SouthPoint will be well-positioned to drive growth and provide its members with a seamless, intuitive experience across all channels.”
For more information about SouthPoint Financial Credit Union and its services, please visit: www.southpointfinancial.com.
To learn more about MANTL or schedule a demo, visit: mantl.com/request-a-demo.
About MANTL
MANTL is a financial technology firm offering the industry’s first Relationship Banking Platform. MANTL’s unified account origination technology empowers banks and credit unions to seamlessly open loan and deposit accounts on any banking channel in real time. MANTL Deposit Origination is among the fastest and most performant solutions on the market; consumers can open a new deposit account in under three minutes, businesses can open a new deposit account in under 10 minutes, and MANTL customers raise billions in core deposits each month. MANTL Loan Origination simplifies each step in the loan process, automating up to 100% of loan application decisions to ensure a smooth, high-quality experience from personal loans to business financing. Founded in 2016, MANTL is a privately held company headquartered in New Jersey with the backing of prominent venture capital investors. For more information, visit mantl.com or follow MANTL on LinkedIn.
About SouthPoint Financial Credit Union
SouthPoint Financial Credit Union is a not-for-profit financial cooperative that distributes profits among members in the form of lower loan rates, fewer and lower fees and higher savings rates. Membership is open to all residents and businesses in a 30-county area of southern Minnesota. For additional information visit southpointfinancial.com, southpointhomemortgage, or call 877-794-6712.
