AUSTIN, Texas--(BUSINESS WIRE)--
Q2
Holdings, Inc. (NYSE: QTWO), a leading provider of cloud-based
virtual banking solutions for financial institutions, today announced
the signing of First Republic Bank, a leading private bank and wealth
management company headquartered in San Francisco.
The bank, which has $51 billion in assets, plans to implement much of
Q2’s platform to enhance the online banking experience for clients. The
new functionality will include money movement, a complete view of a
client’s financial relationships, and advanced alerts, among other
features.
The agreement marks a significant milestone in Q2’s history as it
continues to expand up-market and support the needs of more complex
financial institutions through its scalable, single-platform
architecture.
“We are delighted to be working with a bank that has the size and
stature of First Republic,” said Matt Flake, president and CEO of Q2.
“This also is an opportunity for Q2 to further expand its platform and
capabilities to meet the needs of other financial institutions.”
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’s 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 www.q2ebanking.com.
Forward-looking Statements
This press release contains forward-looking statements, including
statements about the future benefits of Q2’s partnership with a large
financial institution, Q2's ability to continue to expand up market and
the scalability of Q2’s products. The forward-looking events and
circumstances discussed in this release, including the anticipated
implementation of a large financial institution, may not occur and could
differ materially as a result of known and unknown risk factors and
uncertainties affecting Q2. The forward-looking statements contained in
this press release are based upon Q2’s current plans, estimates and
expectations and are not a representation that such plans, estimates or
expectations will be achieved. Forward-looking statements are subject to
risks and uncertainties that could cause actual performance or results
to differ materially from those expressed in or suggested by the forward
looking statements. Information relating to the uncertainty affecting Q2
business are contained in the “Risk Factors” section of Q2’s filings
with the Securities and Exchange Commission. These documents are
available on the SEC Filings section of the Investor Relations section
of Q2’s website at http://investors.q2ebanking.com/.
These forward-looking statements represent Q2’s expectations as of the
date of this press release. Subsequent events may cause these
expectations to change, and Q2 disclaims any obligations to update or
alter these forward-looking statements in the future, whether as a
result of new information, future events or otherwise.
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Source: Q2 Holdings, Inc.