Its partnership with MANTL enabled the bank to raise deposits at scale more easily, create new efficiencies in the online account opening process, and improve back-office operations related to deposit account opening.
Read about how transforming its online account opening helped Merchants Bank achieve industry-leading deposit growth and significantly improve its position against fraud.
Raise $500M+ consumer deposits in six weeks
Merchants Bank, an $18B bank headquartered in Carmel, Indiana, partnered with MANTL to overhaul its consumer online account opening process and raised over $500M in just six weeks.