Alkami Technology announced that Empower Federal Credit Union has chosen its MANTL Onboarding & Account Opening Suite to modernize retail and business account opening. The partnership will integrate MANTL’s rapid, automated onboarding with Alkami’s Digital Banking Platform, enabling members to open accounts online, in‑branch, on mobile, or in the field in under five minutes for retail and under ten minutes for in‑branch openings.
The deal expands Alkami’s footprint in the credit‑union market and strengthens its omnichannel offering, positioning the company to capture additional member growth and cross‑sell opportunities. Alkami’s acquisition of MANTL in February 2025, closing March 31 2025, has already driven a 34.7% year‑over‑year increase in Q4 2025 revenue to $120.8 million and a 91% rise in Adjusted EBITDA to $19.1 million, underscoring the value of the combined platform.
CEO Alex Shootman said, "MANTL is a leader in account opening, allowing financial institutions to boost deposit growth with higher application conversion, higher initial funding, and less fraud than competitive alternatives. And, when combined with Alkami's strengths in digital banking and data and marketing, it completes the Alkami Digital Sales & Service Platform, our solution to help financial institutions land and expand the account holder relationship and create competitive advantage."
CFO Cassandra Hudson added that in 2025 Alkami added 2.4 million registered users to its digital banking platform, ending the year with 22.4 million users and annual recurring revenue of $480.3 million, up 35% from December 31 2024. The partnership is expected to accelerate member acquisition and deepen engagement for Empower FCU, which said, "We selected MANTL because it delivers a modern, seamless account opening experience across both online and in‑branch channels. Fully integrated with our Alkami Digital Banking Platform, this partnership creates a true omnichannel journey, simplifies onboarding, and accelerates growth—allowing us to support our members and deliver a smooth experience across every channel, meeting them where they are from the start and throughout the relationship."
Alkami’s recent financial results—strong revenue growth, improved Adjusted EBITDA, and a clear guidance upside for 2026—provide a solid backdrop for the new client win. The partnership not only expands Alkami’s product suite but also reinforces its leadership position in the credit‑union market, where it is recognized as the top digital banking provider by FI Navigator based on enrolled mobile users.
The announcement signals Alkami’s continued momentum in expanding its digital banking footprint and demonstrates the tangible benefits of its MANTL acquisition for new and existing clients. The partnership is expected to drive further revenue growth and deepen Alkami’s market share in the credit‑union sector.
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