Chime awarded for implementation of Q2 CardSwap, an open API-driven
solution to bring top-of-wallet strategies to forward-thinking FIs
AUSTIN, Texas--(BUSINESS WIRE)--
Q2
Holdings, Inc. (NYSE:QTWO), a leading provider of secure,
experience-driven digital banking solutions for community-focused
financial institutions, announced today its client, San Francisco-based
Chime, the leader in U.S. challenger banking, has been recognized by
Celent as a 2018 Model Bank Winner for Consumer Account Onboarding using
Q2 CardSwap. Celent is a leading global research and advisory firm for
the financial services industry.
“We’re incredibly honored to be recognized as Chime’s technology partner
for the Celent Model Bank award, especially in a category that is
becoming more important for financial institutions everyday,” said Paul
Walker, general manager of Q2 Open. “As account holders’ expectations
continue to evolve and grow, it’s crucial that we meet those demands
with new open API-driven technology that can elevate the standard of
financial experiences.”
Celent’s annual Model Bank Awards recognize the best practices of
technology usage in various areas critical to success in banking.
Nominations are submitted by financial institutions and undergo a
rigorous evaluation process by Celent analysts. Celent judges
submissions on their clear business benefits, degree of innovation and
excellence in implementation or technology.
Q2 was recognized as Chime’s technology partner for the latter’s
implementation of Q2 CardSwap, a powerful and rapidly deployable open
API-driven tool designed to help FIs and card issuers achieve
top-of-wallet position while generating valuable interchange revenue.
CardSwap enables account holders to automatically apply new debit or
credit card information across their favorite subscription and digital
point-of-sale services—such as Amazon, Netflix, Hulu and iTunes—in a
single, elegant workflow.
“Effective consumer account onboarding means more than just an easy
account opening, it needs to demonstrate value of the account to the
customer,” said Zil Bareisis, senior analyst at Celent. “Chime’s
offering to easily update the card details for recurring payments,
supported by Q2’s CardSwap technology, clearly creates value for
consumers and is an important component of Chime’s top of wallet
strategy.”
Q2 will demo its latest top-of-wallet strategy at FinovateSpring in
Santa Clara, California, on May 8. For more information on CardSwap and
the Q2 Open portfolio, visit https://www.q2ebanking.com/api.
About Q2 Holdings, Inc.
Q2 is a leading provider of secure, experience-driven digital banking
solutions headquartered in Austin, Texas. We are driven by a mission to
build stronger communities by strengthening their financial
institutions. Q2 provides the industry’s most comprehensive digital
banking platform, enriched through actionable data insights, open
development tools and an evolving fintech ecosystem. We help clients
elevate the experience, drive efficiency and grow faster. To learn more
about Q2, visit www.q2ebanking.com.
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Source: Q2 Holdings, Inc.