Prelim Announces its Integration with Q2’s Digital Banking Platform
Prelim, a provider of origination solutions for consumer and commercial deposit accounts, has announced its integration with Q2's Digital Banking Platform through the Q2 Partner Accelerator Program. This integration allows financial institutions to offer Prelim's deposit platform to their customers via Q2's Digital Banking Platform.
Prelim simplifies account opening by removing repetitive data entry and enabling existing customers to quickly open new accounts using single sign-on. The integration is part of the Q2 Innovation Studio, which pre-integrates partner technologies with the Q2 Digital Banking Platform, enabling rapid deployment for financial institutions.
This partnership aims to help financial institutions enroll new customers in real-time, driving deposit growth. The collaboration between Prelim and Q2, a leading provider of digital transformation solutions for financial services, is expected to simplify the account opening process for consumers and businesses globally.
Prelim, un fornitore di soluzioni per l'apertura di conti per depositi consumer e commerciali, ha annunciato la sua integrazione con la Piattaforma di Banking Digitale di Q2 attraverso il Programma Partner Accelerator di Q2. Questa integrazione consente agli istituti finanziari di offrire la piattaforma di depositi di Prelim ai propri clienti tramite la Piattaforma di Banking Digitale di Q2.
Prelim semplifica l'apertura dei conti rimuovendo l'inserimento ripetitivo dei dati e consentendo ai clienti esistenti di aprire rapidamente nuovi conti utilizzando il single sign-on. L'integrazione fa parte dello Studio di Innovazione di Q2, che pre-integrano le tecnologie dei partner con la Piattaforma di Banking Digitale di Q2, consentendo un'implementazione rapida per gli istituti finanziari.
Questa partnership mira ad aiutare gli istituti finanziari a registrare nuovi clienti in tempo reale, aumentando la crescita dei depositi. La collaborazione tra Prelim e Q2, un fornitore leader di soluzioni di trasformazione digitale per i servizi finanziari, dovrebbe semplificare il processo di apertura dei conti per consumatori e aziende a livello globale.
Prelim, un proveedor de soluciones de originación para cuentas de depósito tanto para consumidores como comerciales, ha anunciado su integración con la Plataforma de Banca Digital de Q2 a través del Programa de Aceleración de Socios de Q2. Esta integración permite a las instituciones financieras ofrecer la plataforma de depósitos de Prelim a sus clientes a través de la Plataforma de Banca Digital de Q2.
Prelim simplifica la apertura de cuentas eliminando la entrada de datos repetitiva y permitiendo a los clientes existentes abrir rápidamente nuevas cuentas utilizando el inicio de sesión único. La integración es parte del Estudio de Innovación de Q2, que preintegra las tecnologías de sus socios con la Plataforma de Banca Digital de Q2, permitiendo una implementación rápida para las instituciones financieras.
Esta colaboración tiene como objetivo ayudar a las instituciones financieras a inscribir nuevos clientes en tiempo real, impulsando el crecimiento de los depósitos. Se espera que la colaboración entre Prelim y Q2, un proveedor líder de soluciones de transformación digital para los servicios financieros, simplifique el proceso de apertura de cuentas para consumidores y negocios a nivel mundial.
Prelim은 소비자 및 상업용 예금 계좌를 위한 기원 솔루션 제공업체로, Q2의 디지털 뱅킹 플랫폼과 Q2 파트너 가속기 프로그램을 통해 통합했다고 발표했습니다. 이 통합을 통해 금융 기관들은 Q2의 디지털 뱅킹 플랫폼을 통해 고객에게 Prelim의 예금 플랫폼을 제공할 수 있게 되었습니다.
Prelim은 반복적인 데이터 입력을 제거하고 기존 고객이 단일 계정으로 빠르게 새로운 계좌를 개설할 수 있도록 하여 계좌 개설을 간소화합니다. 이 통합은 Q2 혁신 스튜디오의 일환으로, 파트너 기술을 Q2 디지털 뱅킹 플랫폼과 사전 통합하여 금융 기관의 신속한 배포를 가능하게 합니다.
이 파트너십의 목표는 금융 기관이 새로운 고객을 실시간으로 등록하도록 돕고, 예금 성장을 촉진하는 것입니다. 소비자 및 기업의 계좌 개설 과정을 간소화할 것으로 기대되는 Prelim과 Q2 사이의 협력은 금융 서비스에 대한 디지털 변환 솔루션을 제공하는 선두 주자입니다.
Prelim, un fournisseur de solutions de création de comptes pour les dépôts des consommateurs et des entreprises, a annoncé son intégration avec la Plateforme de Banque Digitale de Q2 via le Programme d'Accélération des Partenaires de Q2. Cette intégration permet aux institutions financières d'offrir la plateforme de dépôts de Prelim à leurs clients via la Plateforme de Banque Digitale de Q2.
Prelim simplifie l'ouverture de comptes en éliminant la saisie de données répétitives et en permettant aux clients existants d'ouvrir rapidement de nouveaux comptes grâce à une authentification unique. L'intégration fait partie du Studio d'Innovation de Q2, qui pré-intègre les technologies des partenaires avec la Plateforme de Banque Digitale de Q2, permettant un déploiement rapide pour les institutions financières.
Ce partenariat vise à aider les institutions financières à enregistrer de nouveaux clients en temps réel, favorisant ainsi la croissance des dépôts. La collaboration entre Prelim et Q2, un fournisseur leader de solutions de transformation numérique pour les services financiers, devrait simplifier le processus d'ouverture de comptes pour les consommateurs et les entreprises à l'échelle mondiale.
Prelim, ein Anbieter von Ursprungslösungen für Verbraucher- und Geschäftseinlagenkonten, hat seine Integration mit der Digital Banking Plattform von Q2 über das Q2 Partner Accelerator Programm bekannt gegeben. Diese Integration ermöglicht es Finanzinstituten, die Prelim-Einlagenplattform über die Digital Banking Plattform von Q2 ihren Kunden anzubieten.
Prelim vereinfacht die Kontoeröffnung, indem es wiederholte Dateneingaben eliminiert und bestehenden Kunden ermöglicht, schnell neue Konten mit einer einzigen Anmeldung zu eröffnen. Die Integration ist Teil des Q2 Innovation Studio, das Partnertechnologien vorintegriert mit der Digital Banking Plattform von Q2, um eine schnelle Bereitstellung für Finanzinstitute zu ermöglichen.
Diese Partnerschaft zielt darauf ab, Finanzinstituten zu helfen, neue Kunden in Echtzeit zu registrieren und das Wachstum der Einlagen voranzutreiben. Die Zusammenarbeit zwischen Prelim und Q2, einem führenden Anbieter von digitalen Transformationslösungen für Finanzdienstleistungen, wird voraussichtlich den Prozess der Kontoeröffnung für Verbraucher und Unternehmen weltweit vereinfachen.
- Integration with Q2's Digital Banking Platform expands Prelim's market reach
- Simplifies account opening process, potentially increasing customer acquisition
- Enables real-time customer enrollment, driving deposit growth for financial institutions
- Pre-integration allows for rapid deployment of Prelim's solution by financial institutions
- None.
Insights
The integration of Prelim's account opening solutions with Q2's Digital Banking Platform is a strategic move that could enhance Q2's product offering. This partnership has the potential to streamline customer acquisition for financial institutions using Q2's platform, potentially driving increased adoption and revenue for Q2.
The integration addresses a key pain point in digital banking - simplifying account opening processes. By reducing friction in customer onboarding, Q2 may see improved customer satisfaction and retention rates among its financial institution clients. This could translate to stronger recurring revenue for Q2 in the long term.
However, the immediate financial impact on Q2 is likely to be . The partnership's success will depend on adoption rates by Q2's existing clients and its ability to attract new financial institutions. Investors should monitor future earnings calls for metrics on integration uptake and any resulting revenue growth.
This partnership aligns with the growing trend of digital transformation in the banking sector. As financial institutions increasingly prioritize seamless digital experiences, Q2's collaboration with Prelim positions it to capitalize on this market demand.
The integration could potentially expand Q2's addressable market, appealing to financial institutions seeking comprehensive digital solutions. It may also serve as a competitive differentiator for Q2 against other digital banking platform providers.
However, the impact on Q2's market share and revenue is not immediately quantifiable. The success of this integration will depend on factors such as:
- Adoption rates among existing Q2 clients
- The partnership's ability to attract new financial institutions to Q2's platform
- The competitive landscape and potential responses from rival digital banking solution providers
Investors should view this as a positive strategic development but maintain realistic expectations about its short-term financial impact on Q2.
Financial Institutions can now provide Prelim’s consumer and commercial account opening solutions to customers through Q2’s Digital Banking Platform
As part of the Q2 Partner Accelerator Program, financial institutions will be able to purchase Prelim and then offer it via the Q2 Digital Banking Platform. Prelim simplifies account opening by removing repetitive data entry. Existing customers can quickly open new accounts using single sign-on, which pre-fills their details and cuts down on time.
The Q2 Partner Accelerator is a program through the Q2 Innovation Studio that allows in-demand financial services companies who are leveraging the Q2 Software Development Kit (SDK) to pre-integrate their technology to the Q2 Digital Banking Platform. This enables financial institutions to work with these partners, purchase their solutions and rapidly deploy their standardized integrations to their customers.
“Financial institutions can leverage Prelim to enroll new customers in real-time, a crucial factor in driving deposit growth,” said Heang Chan, CEO and co-founder of Prelim. “We’re excited to partner with a leading financial technology firm like Q2 to help simplify the account opening process for consumers and businesses around the world.”
“We’re excited to welcome Prelim to the Q2 Accelerator Partner Program,” said Johnny Ola, SVP of Q2 Innovation Studio at Q2. “Financial institutions can now offer Prelim’s consumer and commercial account opening solutions to their customers through Q2’s Digital Banking Platform.”
To learn more about Prelim and the Q2 Innovation Studio Partner Accelerator Program, please click here.
About Prelim
Prelim empowers financial institutions to digitize the customer experience by automating the application process and internal operations such as reviewing, processing, underwriting, and servicing. From onboarding deposit customers to provisioning treasury services and originating select credit products, Prelim’s mission is to provide a single platform to power the next generation of banking. Prelim works with banks such as Axos Bank, City National Bank of
About Q2 Holdings, Inc.
Q2 is a leading provider of digital transformation solutions for financial services, serving banks, credit unions, alternative finance companies, and fintechs in the
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Media Contact
Elise Burton
Prelim
elise.burton@prelim.com
Source: Prelim
FAQ
What is the significance of Prelim's integration with Q2's Digital Banking Platform?
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