Q2 Named the ‘Best-in-Class’ Leader in the 2023 Cash Management Technology Providers Vendor Assessment by Aite-Novarica
20 Giugno 2023 - 8:30PM
Business Wire
Q2 ranked first in vendor stability and client
service for its commercial banking solutions and won the highest
number of new cash management customer deals
Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of digital
transformation solutions for banking and lending, announced today
it has been recognized as the “best-in-class” leader in the Aite
Matrix: Leading U.S. Cash Management Technology Providers vendor
assessment, 2023. This is the fourth time Q2 has been named as a
“best-in-class" vendor by Aite-Novarica Group, placing it in the
gold leadership position for 2023.
Leveraging the Aite Matrix, a proprietary Aite-Novarica Group
vendor assessment framework, this impact report evaluates the
competitive position of each vendor, focusing on vendor stability,
client strength, product features, and client services. Q2 earned
the “best-in-class" ranking in all four report components and
ranked first in vendor stability and client service. The assessment
attributed the high scores to Q2’s strong client partnerships, as
well as its ability to retain talent and exceed customer
expectations through its investment in research and development.
From the 2021 vendor assessment to 2023, Q2 maintained or improved
its ranking in all four assessment areas. As the leading commercial
cash management provider, Q2 added 48 new commercial banking
clients in 2021-2022, significantly outpacing the other technology
providers included in the assessment.
Q2 was named the leader among vendor solutions competitors and
recognized for its breadth of digital offerings in Q2 Catalyst. The
integrated suite of commercial banking solutions, which includes
the best-in-class Q2 digital banking platform, is designed to cover
the entire business customer lifecycle and provide the flexibility
and autonomy financial services of all sizes need to serve their
target markets and compete and win new business. Q2 was also
recognized for its strategic acquisition decisions, the most recent
being Sensibill, to broaden its offerings, enhance its cross-sell
ability and deliver a more connected and data-rich experience to
end users.
“It is critical for cash management clients to select a
technology partner who can support the demands of corporate and
small business customers today and in the future. Q2 has
continually demonstrated improvement and innovation in its cash
management offerings and is recognized as a leading partner because
of its willingness to grow and iterate alongside financial
institutions,” said Christine Barry, head of banking and payments
insights and advisory services for Aite-Novarica Group. “Business
customers want their banks to partner with fintech companies to
deliver more integrated experiences, and Q2 has been on an upward
trajectory over the last few years as it continues to build out its
fintech partner ecosystems to help its clients broaden their
capabilities with fintech offerings.”
Q2 is the only vendor rated as a “leader” for its build-out of
fintech partnerships and is recognized for its innovative approach
to the market. Through the Q2 Innovation Studio, Accelerator and
Marketplace programs, Q2 has more than 130 partners pre-integrated
into its digital banking platform, 40 of which are part of its
Marketplace for end-user consumption (business and consumer). These
partnerships recognize the growing need for financial institutions
to partner with fintech companies to win and retain business
customers and provide a more efficient way for them to do so.
“We are proud to be recognized by Aite-Novarica Group as the
‘best-in-class’ vendor in its 2023 Cash Management Technology
Providers vendor assessment,” said Dallas Wells, senior vice
president of product management for Q2. “Through Q2 Catalyst, our
suite of commercial banking solutions, and the expansion of our
fintech ecosystem, we are committed to delivering the innovative
solutions financial institutions need to win new clients, onboard
them faster, serve them better with tailored experiences and grow
deeper relationships beyond traditional banking.”
To download the Q2 excerpt of the Aite Matrix: The Leading
Providers of U.S. Cash Management Technology, 2023 click here.
To learn more about how Q2 delivers simple, smart, end-to-end
banking and lending solutions for commercial financial
institutions, visit: https://www.q2.com/commercial.
About Q2 Holdings, Inc. Q2 is a leading provider of
digital banking and lending solutions to banks, credit unions,
alternative finance, and fintech companies 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.
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MEDIA CONTACT Carly Baker Q2 Holdings, Inc. +1
210-391-1706 Carly.baker@q2.com
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