Q2 Announces 2023 State of Commercial Banking Market Report
19 Januar 2023 - 4:00PM
Business Wire
New report finds strategic investments in key
technology areas will be critical in enabling financial
institutions to serve business client needs in 2023
Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of digital
transformation solutions for banking and lending, will release its
2023 State of Commercial Banking Market Analysis Report on
Thursday, Jan. 26, following The State of Commercial Banking
webinar at 2 p.m. CST. The report, based on insights mined from
Q2’s proprietary databases, is an annual review of the major trends
in the commercial banking industry from the previous 12 months, as
well as a look at the challenges and opportunities ahead in the
coming year. The annual webinar provides an overview of report
findings and offers exclusive insight into commercial banking
market trends and predictions.
“Evolutions in the banking industry in 2022 drove key changes in
how financial institutions approach the market, including how they
think about customer-facing and internal-facing technology,” said
Gita Thollesson, manager, strategic advisory services for Q2.
“Amidst macro environment uncertainty, data predicts that banks
will begin to think about their digital investment more
strategically, shifting their focus to utilizing technology to
drive efficiency in back-end processes, smarter workflows, and more
employee engagement.”
Findings for this report are based on Q2 PrecisionLender’s
proprietary database of 2022 commercial lending deal flow, along
with economic data from several public sources, including the
Federal Deposit Insurance Corporation (FDIC) and Federal Reserve,
in addition to industry research. Q2 PrecisionLender data reflects
commercial relationships from more than 150 geographically diverse
banks and credit unions in the United States, ranging in size from
small community banks to top 10 U.S. institutions. The report also
reveals market trends in payment fraud activity based on Q2 Centrix
Exact/TMS data from nearly 300 financial institutions across the
U.S.
The findings from the report reveal five key takeaways:
- Economic outlook for 2023 is uncertain: Although some
economic indicators point to a recession, the resilient job market
signals it will look different from recessions in the past.
- Banks are bracing for downturns: Commercial banks are
stepping up loan loss provisions despite consistently strong credit
quality.
- Renewed focus on deposits: Loan demand outpaces deposit
growth, leading to a rise in deposit betas and intensifying
competition.
- Digital reaches deep into financial institutions:
Fintech partnerships and a focus on small business experiences top
the list.
- Innovation in payments presents an opportunity: Digital
advancements such as real-time payments, integrated payables, and
API integration to key systems like ERP will help financial
institutions of all sizes compete.
“The findings of this year’s report reinforce the notion that
the commercial banking market is at a pivotal point in its
evolution,” said Thollesson. “However, bankers are accustomed to
dealing with these cyclical changes and have an opportunity to
position themselves as trusted advisors for their clients to help
them thrive while the market navigates unchartered waters.”
Click here to learn more and register for the 2023 State of
Commercial Banking webinar. All registrants will receive a copy of
the report following the webinar.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230119005124/en/
MEDIA CONTACT Carly Baker Q2 Holdings, Inc. +1
210-391-1706 Carly.baker@q2.com
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