MANTL and Taktile Collaborate to Enhance Credit Decision Automation for Community Banks

What's Happening?

MANTL, a technology provider for loan and deposit account opening, has partnered with Taktile to automate credit underwriting and decision-making processes for community banks and credit unions. This integration allows financial institutions to launch, test, and update credit policies in real-time within existing MANTL workflows, eliminating the need for internal engineering resources or third-party vendors. Taktile's platform aims to help lenders automate risk management strategies, reportedly powering hundreds of millions of credit decisions monthly. The collaboration is designed to give risk and credit teams more control over underwriting logic, enabling them to refine credit policies and test new strategies within a unified platform.

Why It's Important?

The partnership between MANTL and Taktile is significant as it addresses the growing pressure on community banks and credit unions to expand their loan portfolios while maintaining rigorous risk oversight. By automating the credit decision process, these institutions can scale lending operations without adding complexity, potentially reducing manual underwriting by up to 90% and speeding up decision-making tenfold. This integration could lead to increased efficiency and competitiveness in the financial sector, allowing smaller banks and credit unions to leverage advanced technology to differentiate themselves in the marketplace.

What's Next?

The integration is part of MANTL's broader strategy to provide a unified platform for loan and deposit origination. MANTL plans to continue developing innovative solutions that empower financial institutions to create real-time cross-sell opportunities, improve customer and employee experiences, and increase back-office efficiency. The Taktile integration is now available to eligible MANTL bank and credit union loan origination clients, potentially leading to further adoption and expansion of automated credit decision technologies.