Kontiki Finance Limited Prepares for Growth and Expansion With Q2’s Digital Lending Solutions
23 März 2023 - 10:00PM
Business Wire
Kontiki Finance scales up for expansion into
new markets throughout Oceania with Q2’s cloud-based solutions, Q2
Originate™, Q2 Loan Servicing™ and Q2 Collections™
Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital
transformation solutions for banking and lending, announced today
that Kontiki Finance Limited (KFL), a USD $110 million,
multi-ethnic microfinance company based in Fiji, will modernise and
future-proof its finance business using the Q2 loan management and
origination solutions. The move will enable rapid, scalable
business growth for Kontiki Finance Limited to enter new markets
throughout the Pacific Islands and beyond. Kontiki Finance Limited
is Q2’s first customer in the Pacific Islands.
Established in 2015 as an alternative to large, traditional
banks and finance companies, KFL is a Fijian-majority owned company
that provides consumers and small businesses with competitive
access to smaller loans for terms between 12 and 84 months. It
specialises in personal loans, vehicle loans, business loans and
term deposits.
KFL will replace its legacy banking system with Q2’s
cloud-native, API-first, configurable and scalable loan management
system and loan origination system. It will deploy several Q2
solutions, including Q2 Originate™, Q2 Loan Servicing™ and Q2
Collections™. Q2’s fast, flexible digitised platform will enhance
the customer experience, increase internal productivity, enable
greater speed to market and reduce technology and operational risk
for Kontiki Finance Limited.
Its Chief Financial Officer David Oliver said, “We’re growing
rapidly, and we needed a digital partner to carry out our vision
for growth throughout Fiji, Samoa and Oceania. Q2 quickly emerged
as the ideal digital partner due to its unified, innovative cloud
platform, which fully digitises loan origination and loan
servicing. Additionally, Q2’s credibility with its existing
customers – including Harmoney and Latitude – spoke volumes about
its modern technology, innovation and scalability for expansion
into new markets. We’re excited about extending our business model
more widely as we move forward with Q2.”
Q2’s Senior Regional Sales Manager APAC Simon Heeringa said, “Q2
is particularly pleased to partner with Kontiki Finance Limited.
Today’s announcement is an important strategic step for KFL as we
help drive the expansion of its unique and important niche-area
funding model. We look forward to helping Kontiki Finance Limited
grow its business and enable a more efficient, streamlined lending
experience for customers and employees.
Learn More
Read more about:
- Consumer Lending
https://www.q2.com/consumer/consumer-lending,
- Commercial Onboarding
https://www.q2.com/commercial/acquire-and-onboarding
- Digital Banking
https://www.q2.com/consumer/digital-banking
About Q2 Holdings, Inc.
Q2 is a leading provider of digital banking and lending
solutions to banks, credit unions, alternative finance, and fintech
companies in the U.S. and internationally. Q2 enables its financial
institutions and fintech companies to provide comprehensive,
secure, data-driven digital client engagement solutions – from
consumers to small businesses and corporate clients. Headquartered
in Austin, Texas, Q2 has offices throughout the world and is
publicly traded on the NYSE under the stock symbol QTWO. To learn
more, please visit Q2.com. Follow us on LinkedIn and Twitter to
stay up-to-date.
About Kontiki Finance
Kontiki Finance Limited is a South Pacific Stock Exchange-listed
finance business. It offers competitive loans for new and used
vehicles, debt consolidation and equity release loans. Services
provided by Kontiki are local, secure and innovative with a focus
on delivering the best possible financial solutions to customers.
The company is fully licensed and regulated by the Reserve Bank of
Fiji.
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version on businesswire.com: https://www.businesswire.com/news/home/20230323005591/en/
MEDIA CONTACTS Carly Baker Q2 Holdings, Inc. +1
210-391-1706 Carly.baker@q2.com
Kath Reade Kontiki Finance
Katherine.reade@kontikifinance.com
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