Q2 Holdings Inc - QTWO STOCK NEWS

Q2 Holdings, Inc. (NYSE: QTWO) has partnered with Axos Bank to enhance customer engagement via Q2 ClickSWITCH, facilitating easy switching of direct deposits. This collaboration has resulted in a 30% increase in direct deposit volume for accounts associated with ClickSWITCH. The solution leads to a seamless user experience, with 80% of customers engaging with the feature and 70% maintaining regular deposits. Overall, Axos Bank is improving customer relationships and financial metrics, showcasing the effectiveness of Q2's digital solutions in the financial services sector.

Q2 Holdings, Inc. (NYSE:QTWO) recently celebrated the winners of its inaugural Q2 Innovation All-Stars Contest, acknowledging bank and credit union customers and fintech partners who excelled in using the Q2 digital banking platform. Four winners were recognized for creating innovative solutions that enhance customer experiences and drive new revenue streams. The awards were presented at Q2 Stadium on June 13, 2022. Each winner's charity of choice will also receive a donation from Q2.

Unblu Corp. has integrated its conversational platform with Q2 Holdings (NYSE: QTWO) through the Q2 Innovation Studio. This collaboration allows financial institutions to enhance customer interactions via secure digital communication. The integration, part of Q2's Partner Accelerator Program, enables clients to text, talk, or collaborate effectively using their existing channels, facilitating a more personalized banking experience. Over 160 financial institutions are already leveraging Unblu's technology to improve customer engagement and drive digital transformation.

Payrailz, a digital payments company, has integrated its peer-to-peer (P2P) payment services with Q2's digital banking platform as part of Q2's Partner Accelerator Program. This integration allows financial institutions to offer enhanced payment solutions, which feature real-time transfers and fraud mitigation. Research indicates that 82% of Americans utilized digital payments in 2021. Q2 aims to empower financial institutions to innovate and meet consumer demands for seamless digital experiences.

Q2 Holdings, Inc. (NYSE: QTWO) announced its participation in the RBC Capital Markets Financial Technology Conference on June 14, 2022. The event will include a live webcast available on the Investor Relations page of Q2's website. Q2 is a provider of digital transformation solutions for banking and lending, aiming to enhance financial experiences for consumers, small businesses, and corporates. The company is headquartered in Austin, Texas, and serves clients both in the U.S. and internationally.

Q2 Holdings (NYSE:QTWO) has partnered with MAX Credit Union to implement Q2 Innovation Studio, fostering a digital-first culture. In its first year, MAX has saved over $180,000 by developing a Member Referral Program in one month, instead of five years with external contractors. Additionally, MAX saved $50,000 for its Member Rewards Program. Q2 Innovation Studio empowers financial institutions to create innovative solutions more quickly and cost-effectively.

Helix by Q2 has announced that Mana Interactive Inc. has launched a banking service through its online gaming app. This service includes Visa debit cards and checking accounts, designed specifically for gamers. Users can earn rewards through a unique Quest program that integrates gaming with banking. Helix, serving over 12 million users and processing $20 billion in transactions annually, provided the infrastructure for Mana's offerings. The Mana PRO Account offers enhanced rewards for a subscription fee. Mana aims to become a leading name in gaming financial solutions within the next few years.

Helix by Q2 (NYSE:QTWO) announced a fireside chat at Finovate Spring on May 20, 2022, featuring Paul Walker and Roman Chwyl. They will discuss how fintechs leverage embedded finance to enhance financial inclusion. Helix, a leading cloud-native platform, serves over 12 million users and processes $20 billion in transactions annually. The company emphasizes a sustainable growth model for all income levels, showcasing key benefits like low latency, competitive products, and a robust banking platform.

Q2 Holdings, Inc. (QTWO) reported a first-quarter revenue of $134.1 million, reflecting a 15% year-over-year increase. Although gross margin dipped to 45.1%, the company’s net loss improved to $23.6 million compared to previous losses. Non-GAAP revenue also rose to $134.3 million, with adjusted EBITDA at $8.1 million. Q2 secured multiple digital banking contracts and noted significant user growth, with over 19.7 million registered users. The company raised its full-year guidance due to a favorable demand environment.