Q2 Named “Best-in-Class” in Aite Group U.S. Cash Management Report
30 November 2021 - 2:30PM
Business Wire
Aite-Novarica Group recognizes Q2 as a leading
provider of commercial banking
solutions, highlighting its continued focus on innovation
and overall platform usability
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 download the Q2 excerpts of the Aite Matrix: The Leading
Providers of U.S. Cash Management Technology, 2021, click here, and
join the webinar on December 7, 2021.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20211130005672/en/
MEDIA CONTACT Carly Baker Q2 Holdings, Inc. +1
210-391-1706 Carly.baker@q2.com
PRESS CONTACT Kaitlynn Labbe Public Relations
857.327.9442 klabbe@aite-novarica.com
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