Q2 Announces Q2 Fabric to Enable Financial Institutions to Launch Digital Brands
18 Outubro 2023 - 11:00AM
Business Wire
New integrated stack combines the power
of Q2’s retail banking experience, a lightweight modern core, and a
pre-integrated fintech ecosystem to deliver personalized digital
products
Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital
transformation solutions for banking and lending, today announced
the launch of Q2 Fabric, a full stack solution that weaves together
a best-in-class retail banking experience, a lightweight modern
core, and a robust, pre-integrated fintech ecosystem. Q2 Fabric
enables banks and credit unions to launch a differentiated digital
brand to grow consumer deposits, increase profitability and
accelerate innovation.
Q2 Fabric combines Q2’s industry-leading digital banking
platform, Helix’s lightweight cloud-based core, and Q2’s Innovation
Studio with more than 130 fintech partners. Q2 Fabric enables
financial institutions to accelerate the delivery of personalized
digital products, such as high-yield savings accounts and demand
deposit accounts with debit card, and differentiate them with the
partner fintech functionality that best fits their users’
needs.
“With Q2 Fabric, financial institutions no longer need to rip
and replace their legacy core systems to deliver personalized
digital products,” said Ahon Sarkar, general manager, Helix by Q2.
“Q2 Fabric runs alongside existing core capabilities to fuel the
innovative digital-first banking experiences necessary to drive
deposit growth and improve profitability.”
“For over 19 years, Q2 has worked diligently to innovate and
create digital banking products that address the needs of financial
institutions,” said Dallas Wells, senior vice president of Product
Management, Q2. “As the market has shifted and financial
institutions face a wide range of new challenges, we see an
opportunity to help banks and credit unions rise to the occasion.
Q2 Fabric brings together three of our best assets to deliver a
new, differentiated offering in the market.”
“Banks and credit unions must fully embrace the shift in our
digital-first world while assessing the evolving competitive
landscape, both within financial services and even from other
industries,” says Marc DeCastro, research director, IDC Financial
Insights. “Solutions that can leverage partner ecosystems to meet
the customer’s financial needs and expectations will allow an
institution to target new markets and prospects in a more efficient
manner without the need for large scale transformative
disruptions.”
Today, banks and credit unions are faced with four significant
challenges: the race for deposits, rising digital expectations,
profitability pressure, and limited distribution channels. Q2
Fabric helps financial institutions grow deposits, increase
profitability and accelerate innovation by offering the following
products:
- Savings – high-yield savings accounts and goal-based
savings
- Checking – no-fee checking accounts and data-driven
personalization
- Debit cards – physical, virtual, and tokenized cards and
account-level security controls
The retail digital banking experience can be further enhanced
with targeted fintech solution bundles through Q2’s Innovation
Studio fintech partner ecosystem. With these carefully curated
collections of fintech offerings, banks and credit unions can
extend their engagement with targeted, high-value niche groups.
Examples include the following:
- Financial literacy for kids (goals, education, investing)
- Gen Z starter kit (goals, credit building, charitable
giving)
- Solutions for Seniors (ID protection, insurance, estate/trust
services)
- Save now, buy later (goal-based savings with rewards
partners)
- Financial health (debt repayment, credit score, identity
protection, insurance)
- Immigrant/migrant worker/underbanked toolkit (cross-border
payments, credit builder)
- Savings and investment hub (wealth management)
To learn more about Q2 Fabric and how it can help your financial
institution, please visit: https://info.q2.com/fabric
About Q2 Holdings, Inc.
Q2 is a leading provider of digital banking and lending
solutions to banks, credit unions, alternative finance companies,
and fintechs in the U.S. and internationally. Q2’s comprehensive
solution set allows its customers to better onboard, grow and serve
their consumer, small business and corporate clients. Headquartered
in Austin, Texas, Q2 has offices throughout the world and is
publicly traded on the NYSE under the stock symbol QTWO. To learn
more, please visit Q2.com. Follow us on LinkedIn and X (Formerly
Twitter) to stay up-to-date.
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version on businesswire.com: https://www.businesswire.com/news/home/20231018962886/en/
Media Contact Maria Gari Maria.gari@q2.com
315-657-0041
Investor Contact Josh Yankovich Q2 Holdings, Inc. O:
512-682-4463 josh.yankovich@Q2.com
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