Q2 Wins 2021 IDC FinTech Rankings Real Results Award
13 September 2021 - 7:31PM
Business Wire
Leading industry analyst firm IDC recognizes Q2
Innovation Studio for “Innovation Platform to Improve Digital
Experiences at Visions Federal Credit Union”; Q2 named a winner in
the Omni-Experience Customer Engagement category
Q2 Holdings Inc. (NYSE: QTWO), a leading provider of digital
transformation solutions for banking and lending, today announced
that it has been named a winner of the 2021 IDC FinTech Rankings
Real Results Awards for “innovation platform to improve digital
experiences at Visions Federal Credit Union”. Q2 has been named a
winner in the Omni-Experience Customer Engagement category.
Visions Federal Credit Union, founded in 1966 and headquartered
in Endwell, New York, needed a partner that could facilitate
exceptional digital member experiences, deliver competitive
differentiation in the markets it served, and accelerate the
delivery of innovative digital services to meet the expectations of
its over 220,000 members. Visions chose Q2 as its partner to make
it possible to give members the digital experience they
deserved.
"Visions needed a partner like Q2 that could accelerate its
ambitious digital roadmap. Q2’s Innovation Studio has enabled
Visions to significantly increase the speed to market for
modernization, which is a key competitive differentiator,” said
Jonathan Price, EVP of Emerging Businesses and Corporate
Development, Q2. "Even better, they can use data to offer members
more granular and substantive interactions. We couldn't be more
honored to win the 2021 IDC FinTech Rankings Real Results Awards
for our work with Visions Federal Credit Union and we are thrilled
with the progress Visions has seen.”
“We are excited to be recognized in the 2021 IDC FinTech
Rankings Real Results Awards. Prior to the partnership with Q2,
Visions was experiencing an extremely low online banking adoption
rate. After implementing Q2 we’ve experienced a more than 25-fold
increase in usage of our personal financial management tools,” said
Tom Novak, VP and chief digital officer at Visions Federal Credit
Union. "With Q2 Innovation Studio, we can take something from
inception to execution in six months or less, maybe even three
months or less, which is warp speed in comparison to what we've
done in the past. We can now help our members manage their
financial lives better."
Built on Q2’s flexible, modern, and open digital banking
platform, Q2 Innovation Studio enables financial institutions (FIs)
to innovate faster to meet their account holders’ needs and
expectations. Q2's Innovation Studio is a portfolio of technologies
and programs that FIs and Q2 fintech partners can leverage to
design, develop and distribute innovative digital banking products,
services, and features. Visions also used Q2's Innovation Studio to
integrate easily with third-party vendors and fintechs, and quickly
build out unique digital banking functionality to meet the growing
expectations of their members. Most importantly, they did this in
weeks and months rather than the previous timeframe of years.
The annual IDC FinTech Rankings and Real Results Awards have
become an important measure of the health and direction of
technology in the industry and the emergence of innovative
solutions from new players. IDC Financial Insights publishes a
comprehensive report about the year's findings that is available to
view or download here.
For more information about Visions Federal Credit Union:
- Case Study: Q2 Innovation Studio helps drive Visions FCU
growth
- Blog: Visions Federal Credit Union’s Partnership with Q2 Fuels
Digital Transformation Marked by Nimble Innovation
About Visions
Visions Federal Credit Union is a not-for-profit financial
institution completely owned by its members. Established in 1966,
Visions proudly serves over 220,000 members in communities
throughout New Jersey, New York, and Pennsylvania. Services include
banking as well as auto, home, personal, and business loans. Visit
www.visionsfcu.org for more information.
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.
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Maria Abbe Q2 Holdings, Inc. +1 315-657-0041
maria.abbe@q2.com
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