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.
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.