Q2 Holdings Inc - QTWO STOCK NEWS

Q2 Holdings Inc. (QTWO) and Austin FC have launched the second year of their Q-mmunity Gives grant program, totaling $150,000 for local nonprofits in Central Texas. Three grants of $50,000 each will be awarded to organizations focusing on education, job skills, and health and wellness for underrepresented communities. Applications are open from Oct. 5 to Oct. 25. This initiative aims to enhance diversity, equity, and inclusion within the region.

Q2 Holdings, Inc. (NYSE:QTWO) has acquired Sensibill, a Toronto-based company specializing in AI-powered SKU-level spending data insights. This acquisition, completed on October 3, 2022, aims to enhance Q2’s digital banking solutions by providing financial institutions with better tools for understanding account holder spending behaviors. The integration of Sensibill's technology is expected to strengthen Q2's data strategy and boost customer engagement among small and medium-sized businesses.

Q2 Holdings (NYSE:QTWO) announced that its Chief Availability Officer, Lou Senko, won the 2022 Central Texas CIO ORBIE Award in the Large Corporate category. This award recognizes excellence in technology leadership and was presented on September 30, 2022. Senko's team is vital for ensuring the performance, availability, and security of Q2's digital banking services. The company serves over 1,400 financial institutions and 23 million users, highlighting its capability to deliver robust, secure digital experiences.

Q2 Holdings has been recognized by IDC as a leader in the Omni-Experience Customer Engagement category, highlighting the success of customer Axos Bank using Q2 ClickSWITCH. This award underscores a significant innovation in digital account switching, leading to a remarkable 30% increase in deposit volume for Axos Bank. The IDC FinTech Rankings Real Results Awards celebrate impactful technology changes within the financial services sector, emphasizing Q2's commitment to enhancing customer experiences in banking.

Q2 Holdings (NYSE: QTWO) has released a report emphasizing the importance of fintech partnerships for banking innovation. Over 60% of financial institutions prioritize these partnerships for growth; however, only 12% can quickly establish them. The study highlights challenges, including data underutilization and a lack of cohesive digital strategies, impacting customer experience. Financial institutions are lagging in delivering timely digital services, with under 30% able to launch new services within six months. These insights underscore the pressing need for banks to strategically navigate the evolving fintech landscape.

Q2 Holdings, Inc. (NYSE: QTWO) has partnered with the Austin Community Foundation to enhance its corporate social responsibility through the Q2 Philanthropy Fund. This initiative streamlines grant applications for non-profits, promoting equitable access to funding. Non-profits can apply until September 23, 2022. In 2021, Q2's CSR program, Q2 Spark, significantly increased employee donations and community service, donating over $900k and serving over 4,000 hours. This partnership aims to further Q2's mission of building strong communities.

Q2 (NYSE: QTWO) has been named a finalist for the Finovate Award in the Best Fintech Accelerator/Incubator category, marking its third such achievement. The company's Innovation Studio has seen rapid growth, with over 85 fintech partners utilizing its Digital Banking Platform. Additionally, more than 250 financial institutions are extending their digital services via this platform. The Q2 Innovation Studio connects fintechs to a network of around 450 banks and credit unions, enhancing sales velocity and customer acquisition. The award winner will be announced on September 13, 2022.

Helix by Q2, a cloud-native platform for embedded finance, has been recognized as a finalist for the Finovate Award for the Best Embedded Finance Solution. This marks a significant achievement for Helix, highlighting its innovative approach to personalized banking solutions. Helix serves over 12 million users and processes more than $20 billion in transactions annually, offering essential banking components including accounts, debit cards, and payments. The company's mission is to provide fintechs and consumer brands with the tools to deliver tailored financial experiences.

Helix by Q2 (NYSE: QTWO) has announced a new partnership with Ubiquity, enhancing customer service for its clients. This collaboration allows fintech and consumer brands to outsource personalized customer service via managed services. The Helix platform serves over 12 million users and processes $20 billion in transactions annually, streamlining financial experiences through administrative tools and dispute management. The partnership aims to personalize customer interactions while optimizing operational efficiency.