Q2 Software Launches Yodlee PersonalFinance™ with First Bancorp

July 13, 2009

Q2 Software Launches Yodlee PersonalFinance™ with First Bancorp

Q2 Software’s PFM solution provides a competitive edge for community banks

AUSTIN, TX, July 13, 2009 – Q2 Software, Inc., a progressive financial services technology company for community financial institutions, today announced that First Bancorp in Troy, North Carolina, with total assets of approximately $3.6 billion, has launched an integrated personal financial management (PFM) solution, powered by Yodlee, on their Q2 electronic banking platform. Q2 Software partnered with Yodlee to integrate PFM services as a value-added feature for their Q2 online banking experience. Cathy Dudley, Senior Vice President, First Bancorp explained, “In addition to our other full service banking functions, now we can provide the same kinds of tools and products that the big banks offer. Community bank customers want and deserve more sophisticated money management and consumer advisory services. With integrated solutions from Q2, we can compete with the big banks by offering our customers an innovative, superior online experience.” Dudley continued, “People are dealing with increasing financial anxiety, and PFM makes it easy to understand your complete financial picture and act appropriately on that information. First Bancorp customers find significant value in the personalized reports with automatically categorized transactions.” “By adding Yodlee’s proprietary PFM and revenue-generating bill pay capabilities to the Q2 platform, we deliver an innovative, personalized, and highly differentiated banking experience,” said Anil Arora, president and CEO of Yodlee, Inc. “We’re pleased to see growing momentum with Q2 customers like First Bancorp.” “We see clear demand from consumers and financial institutions for more functionality from the banks—more insights, more personalization, more value,” said Hank Seale, CEO of Q2 Software. “Yodlee’s PFM capabilities lead the market in innovation and value creation for both audiences, which complements our strategy of empowering our customers to compete with the big, national banks. Now they can provide an integrated and flexible technology platform, and unmatched customer service.” Q2 offers a unique approach to electronic banking by delivering Online, Mobile and Voice banking all on a common platform. The enhanced end-user experience and operational efficiencies gained from a single solution have provided Q2 customers with a competitive edge to attract and retain new customers. Yodlee PersonalFinance™ is an award-winning PFM application that helps automate financial tasks for consumers quickly, easily, and securely, including providing up-to-date balance and transaction details across all accounts (both at the home institution and those held elsewhere, like investments, bills and 401k accounts), budgeting tools, spending analysis, personalized alerts, and much more. PFM is rapidly becoming a key requirement for online banking to create a more personalized, relevant, and valuable consumer experience.