Radius Bank, a full-service bank serving consumers through its virtual platform, announced on Tuesday it has teamed up with New York fintech Mantl to launch its new digital account opening. According to Radius, through the platform consumers will now have a frictionless account opening experience along with reducing the time it takes to open an account to less than four minutes on any device.
While sharing more details about the partnership and platform, Michael Butler, Radius Bank’s President and CEO, stated:
“We are excited to have partnered with Mantl to launch this industry-leading onboarding platform. Consumers today expect a seamless banking experience, akin to the daily interactions they have with other digital companies in different industries. We believe that we are providing that type of experience with our new platform.“
Nathaniel Harley, Mantl’s CEO and co-founder also commented:
“We felt Radius’ frustration with legacy systems as an obstacle to a modern banking experience. Given their online focus and strategy, we knew that Radius could compete with the new class of fintech and neobanks.”
Harley then added:
“Our goal was to provide the ability to innovate and create software that provides tools to banks to grow deposits and loans, and reduce costs. While Radius is our first customer, they’re also a true partner. The collaboration between our teams was amazing from day one and allowed us to get the product to market extremely quickly. Radius took a chance with a start-up, but the results speak for themselves.”
Along with the platform, Radius and Mantl are planning to work on a number of initiatives to enhance the user experience and improve operational efficiencies across Radius platforms.