First Hawaiian Bank Selects Q2 to Transform its Commercial Lending Business
27 Juli 2023 - 4:00PM
Business Wire
Q2’s premier relationship pricing and
profitability solution, Q2 PrecisionLender, enables First Hawaiian
Bank to strengthen client relationships and maximize
profitability
Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital
transformation solutions for banking and lending, announced today
that First Hawaiian Bank (“FHB”), the principal subsidiary of First
Hawaiian, Inc. (NASDAQ: FHB), has selected Q2 PrecisionLender™,
Q2’s premier relationship pricing and profitability solution, to
optimize client relationships, enhance internal team collaboration
and drive more profitable deals.
Recognized as one of the top 50 banks in the U.S., FHB, founded
in 1858, is Hawaii's largest financial institution. The bank has
total assets of nearly $25 billion and serves customers spanning
the Hawaiian Islands to Guam, Saipan and the West Coast. Since
2015, Q2’s best-in-class digital banking platform has powered FHB’s
online and mobile business banking solutions. Over the years, the
bank has added to its suite of Q2 solutions to remain competitive,
reduce risk and drive revenue. Most recently, FHB has expanded its
relationship with Q2 to deliver an enhanced client experience
through intelligent, actionable data insights and a collaborative
approach to treasury management with Q2 PrecisionLender and Premium
Treasury Pricing.
“Q2 gives us a true competitive advantage,” said FHB’s Vice
Chairman of Retail Banking Group Neill Char. “It has so many
benefits that we didn't anticipate upfront. For example, bankers
have a virtual personal coach, 24/7, with Andi® Skills. In this day
and age, with respect to the commoditization of banking and
commercial lending, I believe Q2 PrecisionLender has really helped
us emphasize who we are, a relationship-focused bank.”
“Our digital vision is all about transformation, and that's both
for our customers and our own employees,” Char said. “I’m excited
about our partnership with Q2 broadening to include Q2
PrecisionLender, and the potential for growth the new solution
provides to our organization. We look forward to expanding to
premium treasury and, eventually, treasury onboarding. Based on the
consultant feedback and industry data we’ve seen, we believe that
treasury management has the potential to be an incredible tool for
helping us maximize profitability.”
FHB’s Senior Vice President & Division Manager, Alyssa
Hostelley said, “Q2 PrecisionLender allows our bankers to identify
cross-sell opportunities by giving them more visibility into which
treasury management and merchant services products our business
customers have. Actionable insights help drive increased share of
wallet and non-interest income growth.”
“We look forward to deepening our partnership with First
Hawaiian Bank,” said Katharine Briggs, senior vice president,
Customer Success, Q2. “First Hawaiian Bank’s digital vision is
focused on transformation for both its customers and its employees.
It’s exciting to see the role Q2 PrecisionLender will play in
modernizing and informing their holistic approach to relationship
banking––from commercial lending through treasury.”
Q2 PrecisionLender is a part of Q2 Catalyst, a suite of
best-in-class commercial banking solutions, and is built on the
largest repository of commercial data in the world. Q2
PrecisionLender is a sales and negotiation solution used by more
than 26,000 bankers at financial institutions of all sizes,
including some of the largest banks in the U.S. Its intelligent
virtual analyst, Andi®, empowers client relationship managers with
actionable, real-time insights and coaching to structure, price,
and negotiate better deals while also building stronger and more
profitable relationships. By augmenting bankers’ strengths with the
latest technology and data, Andi delivers recommendations on
different structures and tactics while the deal is being priced and
negotiated. To learn more about how Q2 PrecisionLender can help you
modernize your commercial banking, visit precisionlender.com.
Click here for more information about Q2 Catalyst.
Click here to learn more about the Q2 and First Hawaiian Bank
partnership.
About Q2 Holdings, Inc.
Q2 is a leading provider of digital banking and lending
solutions to banks, credit unions, alternative finance companies,
and fintechs 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 X
(Formerly Twitter) to stay up-to-date.
About First Hawaiian Bank
Celebrating 165 years as the Pacific’s premier relationship
bank, First Hawaiian Bank (www.FHB.com) was founded in 1858 as
Bishop & Co. and is Hawaii’s largest bank offering consumer and
business customers a comprehensive suite of financial services,
including online, mobile banking, mobile deposits, lending,
merchant services, wealth management, insurance and credit cards.
The bank has 51 branch locations in Hawaii, three on Guam and two
in Saipan. First Hawaiian, Inc. (NASDAQ: FHB) is the parent company
of First Hawaiian Bank.
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Carly Baker Q2 Holdings, Inc. +1 210-391-1706
Carly.baker@q2.com
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