Jersey City, NJ – Nov. 18, 2024 – MANTL, a leading provider of account origination solutions, today announced the launch of negotiable interest rates and regional products. These products give banks and credit unions even greater flexibility to retain customers, expand to new territories, and provide competitive rates to new and existing regions.
Both products are currently live with MANTL bank and credit union customers. With regional products, MANTL customers can segment their product strategy down to the zip code to offer competitive products and interest rates based on an applicant’s location. MANTL customers are leveraging regional products to expand their footprint and successfully target specific regions with location-based promotional products.
Negotiable interest rates allow bankers to negotiate and adjust rates based on customer or member needs. Banks and credit unions can set configurable parameters for their bankers to operate within to ensure they provide the most competitive rate to their customers and enhance the institution’s return on investment. With MANTL’s negotiable rates product, institutions can configure interest rate increments for products, receive real-time calculations of APY based on negotiated rates, and document the reason for the rate change in the account profile. This allows MANTL customers to strategically drive deposit growth while increasing customer satisfaction and deepening customer relationships.
“MANTL provides the agility to successfully navigate a volatile macroeconomic climate and quickly adjust to changing interest rates,” said Benjamin Conant, co-founder and Chief Technology Officer at MANTL. “The MANTL platform is built to power relationship banking. Enabling banks and credit unions to take a market-driven approach to attracting, retaining, and deepening customer relationships is critical to driving sustainable growth and succeeding in a challenging deposit landscape.”
“This enhancement is a testament to MANTL’s commitment to banks. Their ability to listen to the needs of banks and implement solutions allows ConnectOne to continue to offer a best-in-class experience for both clients and employees,” said Ali Mattera, Chief Digital Officer of ConnectOne Bank. “The addition of the negotiable rate feature reflects MANTL’s dedication to delivering a top-tier client experience. With this new feature set, we’re able to further streamline the onboarding process for all clients, ensuring that compliance and consistency remain at the center of every interaction.”
Negotiable interest rates and regional products are two of the latest product announcements that MANTL has made directly to customers. Already in 2024, MANTL has launched over 20 major product features, and dozens of minor product features, and rolled out over 100 updates to the platform.
For more information on MANTL or to schedule a demo, please visit: www.mantl.com.
About MANTL
MANTL is a financial technology firm offering software that empowers banks and credit unions to open deposit and loan accounts from anywhere, on any device and at any time. 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 90% of application decisions. MANTL customers raise billions in core deposits each month. 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 ConnectOne Bank
ConnectOne Bank, a subsidiary of ConnectOne Bancorp, Inc. (NASDAQ: CNOB) is a leading commercial bank with total assets nearing $10 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.
