Q2 Holdings Inc - QTWO STOCK NEWS

Q2 Holdings, Inc. has introduced the Q2 Instant Payments Manager, a cutting-edge solution enabling banks and credit unions to streamline instant payment workflows using Clearing House RTP® and Federal Reserve FedNow^SM rails. This solution is among the first B2B payment systems to support a full set of instant payment messages, enhancing the processing of B2B payments, particularly in addressing partial payments and invoicing issues faced by businesses.

The launch aims to modernize B2B payment flows and improve operational efficiency in commercial banking, with a focus on boosting operating account deposits. According to the 2022 AFP Digital Payments Survey, a significant portion of B2B payments in the U.S. still rely on checks, showcasing the need for improved systems like the Q2 Instant Payments Manager.

Q2 Holdings (NYSE:QTWO) announced its new Premium Treasury Pricing solution, enhancing relationship pricing for financial institutions. This solution integrates into the existing Q2 PrecisionLender platform, aiming to support banks and credit unions in optimizing deal structures and increasing profitability.

The launch addresses the need for financial institutions to improve fee income, particularly in a market where reliance on net interest income is decreasing. By facilitating collaboration among treasury and deposit teams, Q2 Premium Treasury Pricing aims to maximize revenue opportunities and drive overall profitability.

Key features include a comprehensive approach to relationship pricing and deal structuring, positioning institutions to better manage the commercial banking relationship.

Q2 Holdings Inc. in collaboration with Austin FC and DivInc has launched the 2023 Austin FC Dream Starter Competition, designed to support underrepresented entrepreneurs in Central Texas. The competition offers $100,000 in funding for selected candidates to boost their ventures. Applications are open until April 21, with five finalists announced on May 9. The winner will be revealed during an Austin FC match on June 3. This initiative reflects Q2's commitment to fostering diverse communities and enhancing entrepreneurial opportunities.

Q2 Holdings, Inc. (NYSE: QTWO) announces its partnership with Kontiki Finance Limited, a microfinance firm based in Fiji. The collaboration will utilize Q2's cloud-based solutions, including Q2 Originate™, Q2 Loan Servicing™, and Q2 Collections™, to modernize and enhance Kontiki's operations. With a funding capacity of USD 110 million, Kontiki aims to expand into new markets across the Pacific Islands. The transition from a legacy banking system to Q2’s scalable platform is expected to boost customer experience and operational efficiency, positioning Kontiki for scalable growth.

Q2 Holdings (NYSE:QTWO) released its 2023 Retail Banking Trends and Priorities Report, driven by a survey of global banks and credit unions conducted in December 2022. Key trends identified for 2023 include:

• Removing friction from the customer journey
• Expanding digital products and payment capabilities
• Utilizing Big Data, AI, and advanced analytics
• Emphasizing APIs and Open Banking

The report highlights the increasing need for financial institutions to leverage data analytics to adapt to economic uncertainties and enhance customer engagement.

Helix by Q2 has announced a partnership with Unit21, enhancing its Banking-as-a-Service (BaaS) platform. This collaboration will integrate Unit21’s fraud detection infrastructure, enabling effective monitoring and prevention of suspicious transactions for payment providers and fintechs. The partnership aims to create personalized risk management tools, reducing fraud while maintaining customer experience.

Helix serves over 14 million users and processes over $51 billion in transactions annually. Meanwhile, Unit21 monitored around $40 billion in transactions, protecting over 320 million entities in 2021.

Q2 Holdings, Inc. (NYSE: QTWO) has been selected by Hume Bank, a community bank in Australia with AU$1.7 billion in assets, to enhance its customer onboarding for loan and deposit products.

With over 55,000 customers, Hume Bank aims to utilize Q2's technology to streamline processes, reduce wait times for loan decisioning, and improve user experience.

This initiative is part of a broader bank transformation strategy focusing on modernization and digital integration to better serve their community.

Q2 Holdings (QTWO) reported its Q4 and full-year 2022 results, showcasing a Q4 revenue of $146.5 million, an 11% year-over-year growth, and a full-year revenue of $565.7 million, up 13% from 2021. Despite these gains, the company faced a net loss of $32.4 million in Q4, widening from $25.4 million the previous year. Full-year net losses were $109 million, a slight improvement from $112.7 million in 2021. Notably, the company faced a $3.1 million revenue loss due to a contract termination. However, Annualized Recurring Revenue surged to $655.2 million, a 14% increase year-over-year. CEO Matt Flake expressed confidence in future growth and profitability.

Q2 Holdings, Inc. (NYSE:QTWO), a leader in digital banking solutions, is set to participate in key conferences in Q1 2023. These include the Raymond James Annual Institutional Investors Conference on March 6, 2023, the Truist Securities Technology, Internet and Services Conference on March 7, 2023, and the Wolfe FinTech Forum on March 15, 2023. Investors can access a live webcast and replay from the Investor Relations page. Q2 focuses on providing comprehensive digital banking solutions to various financial institutions, ensuring secure and data-driven experiences for all account holders.