Independent Banker - February 2023 - 40

EXPERTS
Game-changing industry insights
for community bankers
Growth Opportunities in 2023
With the rapidly evolving financial landscape in 2023, community
banks have the opportunity to seize growth opportunities by meeting
the changing demands of their customers.
The reality is, account opening preferences are split across channels,
with 35% of customers preferring online only, 35% preferring inbranch
only, and the rest wanting a combination of both options.
Nathaniel Harley
CEO and Co-founder
Nathaniel Harley is the CEO and
co-founder of MANTL, an enterprise
SaaS company helping traditional
financial institutions modernize and
grow. Founded in 2016, MANTL's
mission is to expand access to
financial services.
MANTL believes that the strategic
deployment of technology will define
the banking landscape for decades
to come. Its whitelabeled software
helps community and regional
institutions raise billions of dollars
in core deposits each year and is
up to 10x more cost-effective than
building a brick-and-mortar branch.
Nathaniel is a serial entrepreneur.
Before founding MANTL, Nathaniel
founded and invested in several
startups and began his career in
investment banking at Goldman
Sachs. Nathaniel holds a Bachelor's
degree in Mathematical Methods
in the Social Sciences as well as
Radio, Television and Film from
Northwestern University. He is
passionate about helping other
founders, everything sports, and
finding the best restaurants.
While an exceptional online experience is crucial in an increasingly
digital world, it cannot be the sole focus. In-person, relationship-based
banking will continue to be a focus for community institutions, but
they must now adapt to meet the needs of tech savvy customers and
find more cost effective ways to grow deposits.
Getting ahead of banking trends
So where should community banks focus their efforts?
Omnichannel account origination is the future of the banking industry,
and now is the perfect time to invest. With only 12% of financial
institutions currently offering omnichannel account opening for
businesses and consumers, the market is still ripe with opportunity.
" The adoption of omnichannel account origination technology
is still in the early stages at community banks. However,
the data makes one thing abundantly clear: omnichannel
account origination is the future of the banking industry. "
-Nathaniel Harley
Making the right investment
Financial institutions that capitalize on these trends by implementing
an automated omnichannel banking strategy will be well-positioned to
remain agile and competitive amid continued economic uncertainty.
That's why community banks trust MANTL to deliver an omnichannel
banking experience to their customers, while also streamlining inbranch
tasks for bankers, leveraging automation to minimize fraud,
and ensuring the seamless flow of information across channels.
Visit MANTL.com to learn more about why omnichannel
is the way forward for community banks.
http://www.MANTL.com
Independent Banker - February 2023

Table of Contents for the Digital Edition of Independent Banker - February 2023
