Q2 Recognizes 2021 Excellence Award Recipients
09 Februar 2022 - 4:00PM
Business Wire
Q2 customers recognized for digital innovation
excellence and community impact
Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of digital
transformation solutions for banking and lending, announced the
recipients of the 2021 Q2 Excellence Award. The award recognizes
leading financial institutions who have achieved extraordinary
outcomes for their organizations, customers and members; by
delivering innovative digital products and services to drive value
for account holders while strengthening the communities in which
they live and work.
“We are proud to recognize the financial institutions that have
positioned themselves on the leading end of digital transformation,
delivering the best financial experience to their account holders
and making an impact in their communities,” said Carlos Carvajal,
chief marketing officer, Q2. “We congratulate these outstanding
financial institutions who continue to set the standard for digital
innovation.”
The 2021 Q2 Excellence Award recipients include the following
financial institutions:
- First United Bank and Trust was recognized with the Bank
of the Year Award. For First United Bank, the new digital account
opening experience has increased application pull through rate by
more than 30 percent. Looking ahead, the bank will add treasury
services and digital loans as part of its digital offering. This
will help create a comprehensive end-to-end experience for
commercial clients that bridges account opening, treasury
onboarding, digital lending and relationship pricing for customer
renewals. All while capturing the entire life cycle digitally for
their most profitable accounts. Established in 1900, First United
has more than 85 bank, mortgage and insurance locations throughout
Oklahoma and Texas. It is one of the largest, well-capitalized
banking organizations in the Southwest with assets of more than
$12.5 billion, and it is among the largest privately held community
banking organizations in the United States. First United provides a
full range of financial services including banking, mortgage,
insurance, and investment products and services, and is dedicated
to inspiring and empowering others to Spend Life Wisely®.
- Visions Federal Credit Union was recognized with the
Credit Union of the Year Award. Beginning with digital account
opening, the Visions team has seen 79 percent of their applications
move to acceptance and a 14 percent increase in monthly active
users on the platform, now topping over 104,000 monthly active
users. They partnered with Q2 to roll out innovative solutions such
as embedded secure IDnotifyTM, which offers members free identify
theft protection and credit monitoring services. Additionally, they
began promoting financial wellness solutions that are part of the
Q2 platform and have seen 25 times increase in adoption and
utilization of these embedded solutions. Using Q2’s digital banking
platform with Innovation Studio, Visions is now able to take a
concept from inception to execution in six months or less,
sometimes even three months or less. Since its beginnings in 1966,
Visions FCU remains committed to supporting and lifting up its
communities and has grown to more than 230,000 members, who are
served by over 50 branches in three states.
- OnPoint Community Credit Union was recognized with the
Agility Award in response to its digital strategy to simplify and
automate the PPP loan application management and fulfillment
process, while supporting local businesses and communities in a
grave time of need. In four days, the credit union was up and
running with Q2 Lending, adapting to changing SBA requirements and
rising from zero loans fulfilled to over 4,400, which catapulted
them to the seventh largest SBA loan provider. Founded in 1932,
OnPoint Community Credit Union is the largest credit union
headquartered in Oregon, serving more than 465,000 members and with
assets of $9 billion.
- SouthState Bank was recognized with the Growth Award for
its conversion to the Q2 platform while simultaneously completing a
merger of equals with CenterState Bank. During this time, the bank
was able to deliver a digital brand with 50 percent more traffic
than with its previous solution and add 63 platform extensions
utilizing Q2 Innovation Studio, with 70 percent adoption in just
seven days. SouthState Bank is one of the leading regional banks in
the Southeast, with a mission of helping customers find success.
Between 2020 and 2021, SouthState converted more than 400,000
customers to the Q2 platform.
- Oklahoma’s Credit Union was recognized with the
Community Award for doing right by its members by supporting local
retailers and restaurants through offering locally sourced cash
rewards, volunteering to strengthen their surrounding community,
and most notably, raising over $40,000 to benefit the Children’s
Hospital Foundation, ultimately strengthening communities and
providing value to its members’ digital and personal lives.
Oklahoma's Credit Union has been happy to help Oklahomans for over
65 years. Currently, OKCU has over half a billion dollars in
assets, employs more than 125 people and offers branch access at
over 100 locations across Oklahoma and over 5,000 locations
nationwide.
- BankSouth was recognized with the Customer Creativity
Award for paving the way for organizations to leverage
groundbreaking and creative results using Q2’s ClickSWITCH and
CardSwap solutions to acquire and onboard customers in geographic
territories outside of the four traditional banking markets served
by BankSouth branches today. With over 75 years of experience,
BankSouth remains locally owned and managed with board members who
have served for decades to make BankSouth the leading financial
institution for people in the region and across the country.
- SocietyOne was recognized with the Customer Innovation
Award for its successful implementation of Q2’s Lending solution,
which allowed the SocietyOne team to build on its pilot program and
launch a more feature-rich product to market. The launch provided
the bank with the ability to accept an asset as security against a
loan, enabling it to configure product quickly and resulting in a
product that now takes up 20 percent of its portfolio and increased
average loan size by 62 percent. SocietyOne is Australia’s leading
digital finance platform with a mission to help its borrowers and
investors achieve their goals and provide both with a better
deal.
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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Carly Baker Q2 Holdings, Inc. +1 210-391-1706
Carly.baker@Q2.com
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