Building a digital account opening and loan origination platform does not happen overnight. After years of hard work, rigorous challenges, and cultural innovation, we are proud of the tremendous growth we experienced as an organization. On July 17, 2021, we celebrated our six-year birthday.

In 2015, MK Decision (MK) was founded by two brothers and their father - Har Rai, Guru Dharam, and Dr. Jodha Khalsa. Our roots as a family-founded, family-funded FinTech live strongly in our company culture, emphasizing the importance of building strong relationships, open communication, and true collaboration. It is evident that MK’s founders care most about the wellbeing of their employees and our customers' happiness.

As a member of the MK Team, employees are encouraged to find purpose and power in their work. Leadership opportunities are abundant, and teammates take initiative and drive their professional development.

This is our mission. This is our purpose.

After wrapping up their previous business venture, 108 Solutions, Guru Dharam and Har Rai were ready to embark on a new challenge - building a loan origination system for community financial institutions. Driven by their mission to strengthen local economies, they founded MK.

The Khalsa family had a vision to democratize banking technology for financial institutions of all sizes, not just the megabanks. By empowering community financial institutions with the technology to support their applicants digitally and streamline their operations, back-office teams can spend more time providing the best service possible to their clientele.

This is why we do what we do.

This mission resonates deeply within our company culture and is a primary motivation for many employees’ “why.” This phrase is well known within our company and is asked regularly of us, ultimately our team wants to know why we get out of bed every morning and do what we do. While everyone’s answers may differ, together we are a powerhouse.

MK launched our operations with only a few employees who were passionate about building technology. As our team grew, we moved to Downtown San Diego and evolved into the company we are today. In 2020, our office closed, but our team took on remote work like champions, embracing our new office space, the Cloud. While offices have changed over the years, MK’s core values and camaraderie stayed alive and vibrant. Why? The answer is simple, our team.

This is how we do it.

After building our Credit Card Origination System in 2019, we participated in Independent Community Bankers of America (ICBA) and The Venture Center’s ThinkTECH Accelerator, where we were able to learn from community bankers about their challenges and evolve our product to exceed their expectations. This opportunity sparked innovation for us as we realized we needed to support both sides of the balance sheet by introducing digital account opening. Committed to continuous improvement, we expanded our product suite and launched new partnerships and integrations to make our platform as intuitive and seamless as possible.

In 2020, we broke into the credit union industry by partnering with Credit Union National Association’s subsidiary organization, Credit Union Awareness, for digital account opening. Now we are reaching a broader audience, but our focus remains the same. Every day we work towards keeping money local by providing community financial institutions with the technology to onboard new consumers digitally and streamline the approval process for back-office teams. We know that consumers choose to bank with our customers because of their exceptional relationship-oriented service and commitment to their community. At MK, we want to help our customers attract and retain clientele for generations to come.

This is what we do.

As a company, we are committed to continuous improvement and are excited by the opportunities that lay ahead of us. This year, we doubled down on our product development to support our customers with credit cards, deposit accounts, personal loans, indirect loans, and even launched a buy now pay later (BNPL) product that can be embedded into e-commerce shopping experiences.

As a result of the pandemic, community financial institutions realized they need a digital account opening and loan origination platform now more than ever. Consumers are no longer willing to go in-branch to open a new account or apply for a loan. MK helps financial institutions get ahead of consumer needs by introducing an online shopping experience for financial products, mobile-first applications, and a simple cart feature that allows applicants to apply for multiple financial products at once.

Once submitted, applications are organized in a centralized Dashboard where back-office teams can review, run automated Decisioning, and collaborate in real-time. By partnering with third-party organizations, we built integrations to calculate imperative financial ratios, pull credit, verify identities, fund new deposit accounts, generate documents, and automatically connect to core processors.

MK empowers our customers to do more, doing less with the power of data. Ultimately, MK wants to be a one-stop-shop for community financial institutions. The future of banking is in our hands, we hope you become a part of our journey.