Alkami Technology to acquire MANTL for $400m.

Alkami Technology, a cloud-based digital banking solutions provider for financial institutions, agreed to acquire MANTL, an account opening solution provider, for $400m. "MANTL is a leader in account opening, allowing financial institutions to boost deposit growth with a 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," Alex Shootman, Alkami CEO.