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Q2ebanking, Andera Partnership Offers Financial Institutions Robust Virtual Banking Capabilities
AUSTIN, TX (June 26, 2013) Q2ebanking (Q2), the leading provider of enterprise solutions for secure virtual banking, is pleased to announce a strategic reseller partnership with Providence, R.I.-based Andera, a software-as-a-service company that simplifies account opening and lending for banks and credit unions. Q2 has added Andera’s oFlows platform, a 100% paperless solution for deposit and loan account origination, to its ebanking platform, providing a more interactive tablet, online and mobile experience for financial institutions to deliver anytime, anywhere, any device banking.
“Combining the features and benefits of Q2’s unified platform with oFlows’ account opening and lending platform further advances the capabilities and conveniences of virtual banking,” said Matt Flake, CEO and President of Q2. “While the idea of the virtual branch has been discussed as an ideal for years, Q2 is making it a reality for our clients; we’re able to do so with smart, forward-thinking partnerships like the one we have forged with Andera.”
In addition to enhancing consumer value, oFlows is optimized to work with tablet devices, either within the branch or out in the field, improving branch representative interactions with account holders. The ability to open accounts, originate loans and sign documents electronically eliminates the need for paper and further ensures the security of consumers’ sensitive financial information.
Andera CEO, Charlie Kroll, added, “We are excited to partner with Q2 to make it easier than ever for account holders to apply for deposit accounts and personal loans either in branches or on their own. Andera and Q2 have a common vision and understand the true impact mobile and virtual branch banking will have on the future of financial services.”
The oFlows application interface works well with Q2platform because it automatically adjusts to provide the best user experience, whether applicants are using a PC, Mac, smartphone or tablet device. oFlows also improves cross-sell success rates because it allows financial institutions to present tailored offers during the application process based on qualification criteria that each institution defines.
Q2 and Andera both have a history of innovation and leadership in banking technology. According to Jim Bruene, founder of the Finovate Conference series, “Virtual branch capabilities are rapidly expanding and banks that integrate them wisely will be sought after by the growing population of ultra-connected consumers. That’s why the partnership between Andera and Q2 is a wise one; it allows financial institutions to deliver on the account holder’s expectations to transact from whichever device and location they prefer.”
About Andera
Andera pioneered online account opening in 2004 and now offers an omnichannel platform to over 560 bank and credit unions. Andera’s oFlows platform radically simplifies account opening and lending in branches, online, out in the field, and over the phone. The oFlows platform is a four-time winner of the “Best in Show” award at Finovate. Recently cited as “One of the Top Ten Tech Companies to Watch” by Bank Technology News, Andera is privately held, headquartered in Providence, and has offices in San Francisco and New York. For more information, visit http://www.andera.com or register for an upcoming webinar.
About Q2ebanking
Headquartered in Austin, Texas, Q2ebanking (Q2) is a leading provider of virtual banking for financial institutions. Q2’s enterprise SaaS solutions empower banks and credit unions to swiftly and securely provide their account holders with anytime, anywhere banking on any device. To date, over 400 financial institutions with more than 3 million active users currently utilize the Q2 platform. Q2 provides flexible deployment options for tablet, mobile, online and voice banking paired with an integrated security layer that mitigates fraud risk at the transaction level in real time. Named by the Austin American-Statesman as one of the best places to work, Q2 has also received recognition from Inc. Magazine as one of the fastest growing companies in the U.S. for three years in a row. Q2 received $20 million in Series C financing in March of 2013, led by Battery Ventures with continued support from Adams Street Partners. To learn more about Q2 visit www.q2ebanking.com.