Accelerating the Speed of Innovation
With Q2 Innovation Studio, Texas Security Bank is delivering on a new digital strategy.
- $372 million in PPP loans and double the client base
- More data than ever before, allowing greater visibility
- 85% of deposits transacted digitally
“It’s huge how the Q2 Innovation Studio impacts the bottom line of the bank. Lower overhead and higher efficiency ratios all lead to better profitability.”
About Texas Security Bank
- Headquarters
- Dallas, Texas
- Assets Under Management
- $1 billion
- Solutions
- Q2 Innovation Studio
Challenge
Texas Security Bank needed to accelerate its innovation
The bank looked to deliver differentiated, digital services to its account holders and prospective business customers. As the bank grew and the needs of its commercial customers evolved, the bank’s leadership set out to identify a new digital banking partner to enable them to deliver on their digital strategy.
Solution
With Q2 Innovation Studio, Texas Security Bank is closing in on its vision of becoming a virtual bank
Q2 Innovation Studio enables Texas Security Bank to provide a modern digital banking platform, control the pace of innovation and deepen existing account holder relationships.
Results
Texas Security Bank saw fast benefits from Q2’s solutions, including:
- ~85% of the bank’s deposits are now transacted digitally
- The account opening process has been streamlined from weeks or months to days
- $372 million in PPP loans have been processed and the client base has doubled
- Flexible integrations, which open doors to new solutions and fintech partnerships
- Access to more data than ever before, allowing greater visibility into how customers are using digital banking – deepening relationships with account holders
