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Q2 Holdings Inc. (symbol: QTWO) is at the forefront of providing innovative, cloud-based virtual banking solutions tailored for regional financial institutions. The company's core offerings empower retail and commercial end-users with the convenience of banking anytime, anywhere, and on any device, which is a growing need in today's digital-first world.
Q2's robust platform integrates various banking channels, including online, voice, mobile, and tablet, into a single, unified interface. This seamless experience not only enhances user engagement but also helps financial institutions compete effectively with larger, more established banks. With a focus on security and regulatory compliance, Q2 ensures that all transactions are secure and meet industry standards.
The company generates the majority of its revenue from subscription-based software services, predominantly within the United States. Q2's technologies are designed to provide a comprehensive view of account holder activities, thereby enabling financial institutions to offer personalized and efficient services to their customers.
Recent achievements include significant partnerships and integrations that enhance the capability of Q2's platform to support multi-factor authentication and open vendor integration with third-party applications. These advancements ensure that Q2 remains a competitive and valuable partner for financial institutions looking to modernize their banking services.
As digital banking continues to evolve, Q2 Holdings Inc. is well-positioned to lead the charge with its comprehensive, user-friendly solutions that meet the dynamic needs of today's banking environment.
Q2 Holdings, Inc. (NYSE: QTWO) has announced VeraBank as the recipient of the 2024 Q2 Excellence Award - Bank of the Year. This recognition comes after VeraBank achieved record results in its first full year using Q2's digital banking platform. The $4 billion community bank, headquartered in Henderson, Texas, saw remarkable growth, including a 120% increase in commercial accounts and a 97% rise in treasury product sales.
VeraBank's success story highlights the impact of Q2's single platform for consumer and commercial banking, which has streamlined and enhanced the customer experience. The bank leveraged Q2's Innovation Studio and pre-integrated fintech Marketplace partners to gain a competitive edge in the market. VeraBank's leadership emphasizes the importance of partnering with a best-in-class digital banking provider to compete effectively in today's market.
MANTL, an origination platform for financial institutions, has announced its integration with Q2's Digital Banking Platform through the Q2 Partner Accelerator Program. This collaboration integrates MANTL Consumer Deposit Origination and MANTL Business Deposit Origination with Q2's platform, offering a seamless account origination and onboarding experience for banks and credit unions.
The integration provides two key benefits: simplified online banking enrollment by eliminating redundant data entry, and a single sign-on (SSO) integration allowing existing customers to open new accounts in under a minute. This partnership aims to enhance customer acquisition, improve deposit product adoption, and deliver industry-leading time-to-value for financial institutions.
Q2 Holdings, Inc. (NYSE: QTWO), a provider of digital transformation solutions for financial services, has announced its upcoming second quarter 2024 financial results release and conference call. The results will be released after market close on Wednesday, July 31, 2024, followed by a conference call at 5:00 p.m. EDT on the same day.
Key participants in the call include Matt Flake (Chairman & CEO), David Mehok (CFO), Kirk Coleman (President), and Jonathan Price (EVP Strategy and Emerging Businesses). Interested parties can register for the conference call or webcast through provided links. The webcast will also be accessible from Q2's investor relations website, with an archived replay available for a time after the call.
Q2 Holdings, Inc. (NYSE:QTWO), a digital transformation solutions provider for financial services, has been awarded the 2024 Top Workplaces Technology Award by Energage. This recognition marks Q2 as an employer of choice in the technology category, adding to its three consecutive years as a Top Workplaces USA winner and 13 consecutive years as a Greater Austin Top Workplace.
The award is based on employee feedback from an engagement survey, highlighting Q2's commitment to a people-first workplace culture. Q2 offers competitive benefits, including multiple medical and dental plans, vision coverage, and a minimum of 12 weeks paid parental leave. The company also provides inclusive fertility and family-building benefits, generous paid time off, and supports various community initiatives through its Q2 Spark corporate social responsibility program.
Q2 Holdings, Inc. (NYSE: QTWO) has announced its third annual Q2 Philanthropy Fund grant application cycle, which will award $150,000 in grants to nonprofits globally. This initiative, part of Q2 Spark, the company's corporate social responsibility program, aims to build strong and diverse communities. The grant amount has been increased from $120,000 to $150,000 to celebrate Q2's 20th anniversary.
The application process is managed in partnership with Austin Community Foundation (ACF) to ensure transparency and equity. Eligible nonprofits must have 501(c)(3) status or a fiscal sponsor and operate in specific geographic areas where Q2 has offices. The application deadline is August 2, 2024. In 2023, Q2 employees volunteered over 10,000 hours and contributed more than $1 million to philanthropic organizations worldwide.
Avidia Bank has chosen Q2 Holdings and Personetics to modernize its digital banking platform.
Q2, known for its digital transformation solutions, will help enhance Avidia's customer experience by integrating Personetics' AI-driven platform for personalized financial insights and engagements.
Avidia Bank, which holds $2.6 billion in assets, aims to leverage Q2’s Digital Banking Platform, Innovation Studio, and Marketplace to introduce innovative fintech solutions and streamline its processes.
The integration aims to provide real-time insights, automated saving plans, and deeper customer relationships, positioning Avidia to better serve its community and expand its footprint.
Q2 Holdings (NYSE: QTWO) has announced the winners of its 2024 Q2 Excellence Awards, recognizing seven financial institutions for their digital innovation, community impact, and customer experience transformation. The awardees will be honored at CONNECT24, Q2’s annual conference, from June 4-6 in Austin, Texas. The winners are: VeraBank (Bank of the Year), United Federal Credit Union (Credit Union of the Year), UCCU (Collaboration), Elements Financial (Community), Dacotah Bank (Growth), Stanford Federal Credit Union (Innovation), and First Hawaiian Bank (Transformation).
The awards highlight exemplary outcomes and innovative solutions implemented by these organizations, positioning them as leaders in the financial services industry.
ModernFi has announced its integration with Q2's Digital Banking Platform via the Q2 Partner Accelerator Program. This collaboration enables banks and credit unions to offer accounts with extended deposit insurance, potentially enhancing deposit growth and retention.
The integration aims to eliminate operational friction and increase adoption of sweep and reciprocal programs. These programs, previously managed manually, will now be fully integrated into digital banking, offering a more streamlined experience.
ModernFi's integration is expected to help financial institutions strengthen their balance sheets by providing a non-rate solution to grow deposits. This move is particularly significant as financial institutions strive to compete with larger competitors and retain depositors within the banking sector.
The Q2 Partner Accelerator Program allows financial services companies to pre-integrate their technology into Q2's platform, enabling swift deployment to customers. This partnership is seen as a key step in modernizing and enhancing the usability of sweep and reciprocal programs.
Today, 29Eleven The Salon was declared the winner of the 2024 Austin FC Dream Starter Competition, presented by Q2 Holdings (NYSE: QTWO). This Austin-based startup, focusing on haircare services for people of color, will receive $100,000 in funding to grow its business. The competition supports Austin entrepreneurs from underrepresented backgrounds. 29Eleven The Salon addresses the lack of cosmetology training for curly and highly textured hair, which traditionally results in underserved communities. According to the salon's owner, Tiffany Wilson, the award will help them reach more clients requiring specialized hair care. The pitch contest, held on May 23 at Q2 Stadium, featured finalists such as Amiguitos Spanish Immersion Academy and The Breastfeeding Success Company. The winner will be honored during halftime at an Austin FC match on May 29. Previous winners include SocialNote, CDL Changing Lanes Driving School, and At Ease Rentals
Q2 Holdings (NYSE:QTWO) announced its annual customer conference, CONNECT 24, will occur from June 4-6, 2024, at the Austin Convention Center and Fairmont Hotel in Austin, TX.
The event will feature industry thought leaders, highlighting trends, innovations, and solutions in digital banking transformation for financial institutions.
Attendees will gain insights from dynamic speakers, network with peers and experts, and learn about Q2’s 2024 product roadmap, new releases, and feature enhancements.
Training sessions, product demonstrations, and best practices to mitigate risk and ensure compliance will also be offered.
Registrations are More details and the full agenda are available on the event page.
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