Q2’s banking platform wins a 2015 Innovation Award for benefiting credit unions
AUSTIN, TX (Jun 24, 2015) — Q2 Holdings, Inc. QTWO, -0.71% a leading provider of secure virtual banking solutions to regional and community financial institutions, announced today that it won a 2015 NAFCU Services Innovation Award for the Q2platform. The Innovation Awards is the credit union industry’s most recognized competition for groundbreaking solutions. The annual competition highlights outstanding innovations that help credit unions thrive in an increasingly saturated financial services market. The Q2platform was recognized for the various benefits this integrated banking solution provides for the credit union industry.
Credit unions are able to serve their members’ online and mobile banking needs via the single, secure virtual banking solution that the Q2platform provides. While the Q2platform in and of itself is an innovation, perhaps the single most innovative attribute of the platform is its integrated, patent pending security component, RFA (Risk Fraud Analytics). By having a holistic view of end users’ activity, the behavioral profiling algorithms that undergird Q2’s RFA solution are able to build a comprehensive picture of a member’s virtual banking habits. This vital feature makes it far easier to detect anomalous behaviors that typically precede fraud and to stop suspect transactions in real-time—before any funds have been compromised.
“Q2 has set a high standard for innovation,” said Randy Salser, president of NAFCU Services. “This Innovation Award, voted on by an expert panel of credit union executives and leading industry journalists, is a tribute to the vision and expertise behind their exceptional products and services.”
“Q2 is passionate about helping credit unions leverage technology to improve member loyalty, increase revenue and remain competitive,” said Matt Flake, president and CEO of Q2. “We are honored to receive this recognition for innovation from NAFCU and look forward to continuing to provide better digital banking solutions for its members.”
Q2 was honored at the VIP Reception at NAFCU’s Annual Conference and Solutions Expo. For more information on the Innovation Awards, visit www.nafcu.org/innovationawards.
About Q2 Holdings, Inc.
Q2 is a leading provider of secure, cloud-based virtual banking solutions headquartered in Austin, Texas. Q2 enables regional and community financial institutions, or RCFIs, to deliver a robust suite of integrated virtual banking services and engage more effectively with their retail and commercial account holders who expect to bank anytime, anywhere and on any device. Q2 solutions are often the most frequent point of interaction between its RCFI customers and their account holders. As such, Q2 purpose-built its solutions to deliver a compelling, consistent user experience across digital channels and drive the success of its customers by extending their local brands, enabling improved account holder retention and creating incremental sales opportunities. To learn more about Q2 visit q2ebanking.com.
About the NAFCU Services Innovation Awards
The NAFCU Services Innovation Awards is the credit union industry’s most recognized awards competition for credit union solutions. For 40 years, NAFCU Services has been dedicated to finding, vetting, and promoting the credit union industry’s very best solutions. For more information about NAFCU Services Corporation, visit www.nafcu.org/nafcuservices.