ABA Endorses Q2’s Virtual Banking Solution as the “Architecture of Choice” – Oct 16 2013
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 increasingly 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 the ABA to identify companies that enhance their competitiveness and heighten business development opportunities. With Q2’s 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 are helping these institutions attract, retain and grow account holder numbers. Many 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 is designed to meet consumer expectations, and it is extremely gratifying to be recognized for that. We couldn’t be more proud.”
“As someone who has been in community banking for over 40 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.”
The ABA considered the following in making its endorsement:
Strategic Fit – Q2 has a solid foundation and its mission of helping to build stronger communities by strengthening their financial institutions demonstrates Q2’s commitment to its customer base. Founded in 2004, Q2’s executive team has extensive industry experience, including founder and chairman, Hank Seale, a banking industry veteran. The company continues to attract top talent and has an impressive roster of board members.
Solution Quality – Q2’s enterprise SaaS solutions empower financial institutions to swiftly and securely provide their account holders with anytime, anywhere banking across devices. Q2 provides a unified virtual banking platform for more than 400 financial institutions, including Umpqua Bank, AmericanWest Bank and Mercantile Bank of Michigan. Q2 touches more than 2.9 million end-users who log in on an average of 11 times per month.
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 and helps to simplify operations and reduce expenses. By connecting perimeter intelligence with account holder behavior throughout the software, the system is designed to protect customers and the financial institution from the evolving threat of online theft.
The 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.