Alkami Technology, Inc. announced a partnership with Rhinebeck Bank that will deploy its MANTL onboarding platform to modernize business and retail account opening across all channels. The solution delivers a friction‑free, digital‑first experience with automated KYC, AML, and BSA checks and core booking, allowing Rhinebeck Bank to offer customers a seamless account‑opening journey on web, mobile, and branch channels.
The deal is part of Alkami’s strategy to deepen its presence in the community‑bank segment, where the company grew from 8 banks in 2021 to 42 by the end of 2024. Adding Rhinebeck Bank strengthens Alkami’s cross‑sell engine and expands the reach of its integrated digital sales and service platform, positioning the company to capture additional revenue streams from new and existing community banks.
Alkami’s acquisition of MANTL for an enterprise value of $400 million closed on March 31, 2025, and the partnership is expected to become accretive to adjusted EBITDA starting in 2026. The company’s 2026 guidance projects revenue of $525.5–$530.5 million and adjusted EBITDA of $93.5–$97.5 million, underscoring the financial impact of the new client win and the scalability of MANTL’s omnichannel deposit origination technology.
"Partnering with MANTL reinforces our commitment to providing exceptional banking experiences across every channel," said Matthew Smith, president and chief executive officer of Rhinebeck Bank. "MANTL’s technology positions Rhinebeck Bank for the future while ensuring we continue to build strong relationships with the people and businesses we serve." "We’re excited to partner with Rhinebeck Bank, a financial institution that truly values innovation and customer service," said Benjamin Conant, chief product officer of Alkami and co‑founder of MANTL. "Our Onboarding & Account Opening Solution is built to help community banks compete and thrive in an increasingly digital marketplace, and we look forward to supporting Rhinebeck Bank as they enhance the customer journey from day one."
The partnership demonstrates the scalability of MANTL’s technology and reinforces Alkami’s competitive position in the digital banking space, where community and regional banks are increasingly adopting digital‑first solutions to modernize services and meet evolving customer expectations.
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