1. Consumer Banking
  2. Personal Financial Wellness

Personal financial wellness tools that increase engagement

Growing account holder relationships is hard when people struggle to manage their finances. Q2’s personal financial tools improve financial lives and build loyalty.

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Personal financial wellness tools built to improve lives

Personal Financial Management

Give account holders a clearer financial picture

Q2 Contextual Personal Financial Management (CPFM) can be part of your account holders’ digital banking experiences, allowing them to track spending, understand their cash flow, and budget more effectively through data visualizations.

For your financial institution, access to this data gives you the power to improve service and relationships.

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What is Q2 CPFM?

Q2 CPFM integrates key PFM features directly into users' daily banking interactions.

External accounts aggregated through Q2 CPFM display alongside the user accounts at your financial institution. Users have comprehensive views of their finances in one place. Transaction history also is automatically enriched with a clear description and categorization.

Goals-based savings accounts

Account holders can easily set savings goals online

With Q2 Goals, account holders can easily set up a savings goal with visibility into activity and progress anywhere, anytime. Your account holders can set savings goals for dedicated purposes such as education, home improvement, travel, health needs, and special-purchase planning.

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Expand financial wellness with best-in-class fintech partners

Q2 Innovation Studio's fintech partner ecosystem offers pre-integrated solutions covering automated savings programs, financial education and personalized insights, expense management, accounting, insurance, older adult support, and more.

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Why financial institutions choose Q2 for financial wellness solutions

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    Innovation to enrich financial health

    Q2 CPFM and Q2 Goals, along with fintech partner solutions, offer a complete financial wellness experience through digital banking.

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    Account holders can control their financial health

    Q2's tools and solutions meet the self-service preferences of consumers, online and mobile.

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    Stickiness ensured

    Knowing their financial institution is invested in their financial well being keeps people loyal.

Proven Results

  • >1,000 Savings goals accounts opened in the first 24 hours of offering Q2 Goals.

    Utah Community Credit Union,
    Provo, Utah
  • >1,700 New savings goals created through Q2 Goals in the first two months, representing $500K.

    Lake City Bank, Warsaw, Indiana
  • >100% Credit union members who raised their credit scores in one year using Q2 fintech partner financial wellness technology.

    Q2 client’s shared metrics, 2023

Resources

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FAQs

How is Q2 CPFM different than a standalone budgeting app?

Unlike a third-party budgeting app, Q2 CPFM is built directly into the account holder's everyday digital banking experience. No separate login or app is required.

External accounts aggregate within the digital banking people use every day, giving them one comprehensive financial view without leaving the digital banking platform.

How does Q2 support account holders' financial wellness through fintech partners?

Q2 Innovation Studio connects financial institutions with fintech partners offering tools like automated savings, financial education, expense management, insurance, and more, all accessible within the digital banking platform.

How do financial wellness tools improve account holder retention?

Financial institutions using Q2's financial wellness solutions report increased savings goal creation and higher account holder engagement, with account holders less likely to leave institutions that actively support their financial wellness.

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