Aite-Novarica Group recognizes Q2 as a leading provider of commercial banking solutions, highlighting its continued focus on innovation and overall platform usability
AUSTIN, TX (November 30, 2021)—Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of digital transformation solutions for banking and lending, announced today it’s been recognized as a “best-in-class” vendor in the Aite Matrix: Leading U.S. Cash Management Vendors Report, 2021. This is the third time Q2 has been named as a “best-in-class" vendor by Aite.
Leveraging the Aite Matrix, a proprietary Aite-Novarica Group vendor assessment framework, the report evaluates the overall competitive position of nine evaluated vendors, focusing on vendor stability, client strength, product features, and client services. The vendor landscape is composed of established players with strong revenue streams and financial viability. Q2 finished second in client strength as it continues to gain momentum with larger banks while simultaneously leveraging consumer banking relationships for cross-selling.
The final study results are driven by three major factors: vendor-provided information based on Aite-Novarica Group’s detailed Aite Matrix RFI document, participating vendors’ client reference feedback or feedback sourced independently by Aite-Novarica Group, and an analysis based on market knowledge and product demos.
Q2 held onto its best-in-class title due to its continued focus on innovation and overall platform usability, coupled with strong market offerings and a loyal and excited client base. Aite-Novarica Group deemed Q2 as “the vendor to watch” from a cash management innovation standpoint, crediting it as one of the first of the cash management providers to build out a fintech marketplace.
“Q2 has seen great success the last few years signing on new cash management clients during a challenging environment,” said Christine Barry, head of banking and payments insights and advisory services for Aite-Novarica Group. “Their clients see value in Q2’s Partner Marketplace, and while integration can be costly for a bank, the marketplace lessens the burden, ultimately saving clients money. Results found that clients still feel the product is top notch, and references stated that if they had to make the decision over again, they would select Q2 for its innovation, its willingness to listen, for being a true partner to its clients and for the single platform experience.”
The survey identifies Q2’s most recent enhancements as an emphasis on functionality, including improvements to high-volume account landing pages and simpler international money transfer capabilities, updates to the acquisition and onboarding process, and small-business digital lending integration.
“We are proud to be recognized by Aite as a “best-in-class" vendor, as well as for our customer focus and expanded solutions,” said Dean Jenkins, vice president of product marketing for Q2. “It’s clear Q2’s investments in feature innovation, product integration, and user experience across the commercial journey are positioning us as a leading U.S. cash management technology provider.”
Since the launch of its Corporate Banking suite in 2015, Q2 has made focused investments in its commercial banking capabilities and has cited its commercial suite as a key driver of its sales success and upmarket momentum over the last several years. As of year-end 2020, Q2 boasts over 450 US-based banks and credit unions using its digital banking and cash management platform.
To learn more about how Q2 delivers simple, smart, end-to-end banking and lending solutions for commercial financial institutions, visit: https://www.q2.com/commercial.
About Q2 Holdings, Inc.
Q2 is a financial experience company dedicated to providing digital banking and lending solutions to banks, credit unions, alternative finance, and fintech companies in the U.S. and internationally. With comprehensive end-to-end solution sets, Q2 enables its partners to provide cohesive, secure, data-driven experiences to every account holder–from consumer to small business and corporate. Headquartered in Austin, Texas, Q2 has offices worldwide and is publicly traded on the NYSE under the stock symbol QTWO. To learn more, please visit Q2.com.
About Aite Group
Aite Group is a global research and advisory firm delivering comprehensive, actionable advice on business, technology, and regulatory issues and their impact on the financial services industry. With expertise in banking, payments, insurance, wealth management, and the capital markets, we guide financial institutions, technology providers, and consulting firms worldwide. We partner with our clients, revealing their blind spots and delivering insights to make their businesses smarter and stronger. Visit us on the web and connect with us on Twitter and LinkedIn.
Q2 Holdings, Inc.