WASHINGTON– The American Bankers Association – through its subsidiary the Corporation for American Banking – has endorsed Q2’s enterprise solutions for secure virtual banking. This endorsement establishes the Q2 platform as the architecture of choice to ABA members.
As online and mobile banking continue to evolve, account holders expect a unified anytime, anywhere, any device experience,” said John Wolff, ABA executive vice president. We chose Q2 because it is the right strategic partner to deliver the best virtual banking solution for our members and their customers. Our members rely on our ABA to identify companies that enhance their competitiveness and heighten business development opportunities. With Q2’s full integration of retail, commercial and treasury accounts across multiple devices, and as an industry leader in providing native security offerings, it’s easy to see why many ABA members already use Q2’s virtual banking solutions”
“Q2 is thrilled to be ABA’s provider of choice for virtual banking solutions,” said Matt Flake, CEO of Q2. “In alignment with ABA’s mission, our mission is to build stronger communities by strengthening their financial institutions, and our solutions have helped banks of all sizes attract, retain and grow account holder numbers. Most people in the financial services industry realize that companies like Apple, Google and Netflix are delighting consumers with the design and ease of use of their online and mobile platforms. At Q2, our single platform meets these consumer expectations, and it is extremely gratifying to be recognized for that. We couldn’t be more proud.”
“As someone who has been an ABA member for many years, I am extremely excited to see ABA’s endorsement of a virtual-banking solutions provider,” said Charles Doyle, Q2 board member and chairman of the board of Texas First Bank. “Q2 is innovative and driven by the demands of account holders and bankers. I’m confident their online and mobile offerings will help banks everywhere remain competitive and continue growing.”
ABA‘s endorsement is based on the following findings:
Q2 has a solid foundation and a clear commitment to its customer base. Founded in 2004, Q2’s executive team has more than two decades of experience in the banking industry, including founder and chairman, Hank Seale, a banking industry veteran. Q2 currently provides a unified virtual banking SaaS platform for 379 financial institutions, including Umpqua Bank, AmericanWest Bank and Mercantile Bank of Michigan. The company continues to attract top talent and has an impressive roster of board members. In addition, Q2 secured $20 million in Series C financing in March 2013, led by Battery Ventures, with ongoing support from Adams Street Partners. Q2 touches more than 2.9 million end-users who log in on an average of 11 times per month.
For the fourth consecutive year, Q2 was included in Inc. Magazine’s 2013 list of the 5000 fastest-growing privately held companies in the U.S. Q2 has experienced revenue growth topping 51 percent this year alone. With more than 13,840 financial institutions in the U.S., Q2’s growth potential is enormous.
Integrated Security Capabilities
Security is paramount for financial institutions and their customers. Q2’s sophisticated, multi-layered security solution meets FFIEC (Federal Financial Institutions Examination Council) requirements, simplifies operations and reduces expenses. By connecting perimeter intelligence with account holder behavior at every level, the system protects customers and the financial institution from the evolving threat of online theft.
About ABAThe American Bankers Association represents banks of all sizes and charters and is the voice for the nation’s $14 trillion banking industry and its 2 million employees. Learn more at www.aba.com.
Headquartered in Austin, Texas, Q2 (previously Q2ebanking) is a leading provider of virtual banking for financial institutions. Q2's enterprise SaaS solutions empower banks and credit unions to swiftly and securely provide their account holders with anytime, anywhere banking on any device. Currently, more than 400 financial institutions and 3 million individuals use the Q2platform. Q2 provides flexible deployment options for tablet, mobile, online and voice banking paired with an integrated security layer that mitigates fraud risk at the transaction level in real time. Named by the Austin American-Statesman as one of the best places to work, Q2 has also received recognition from Inc. Magazine as one of the fastest growing companies in the U.S for four years in a row. Q2 received $20 million in Series C financing in March 2013, led by Battery Ventures with continued support from Adams Street Partners. To learn more about Q2 visit q2ebanking.com