Q2 Holdings, Inc. Strengths, Domain Expertise, and Key Differentiators
Q2 is a provider of secure, cloud-based digital solutions that transform the ways in which financial institutions and other financial services providers engage with account holders and end users, or End Users. Q2 offer their solutions to financial institutions, financial technology companies, or FinTechs, alternative finance companies, or Alt-FIs, and other innovative companies, or Brands, wishing to incorporate banking into their customer engagement and servicing strategies. Q2 solutions include a broad and deep portfolio of digital banking solutions; lending solutions; an open technology platform, the Q2 Innovation Studio, which is a portfolio of technologies and programs which can be leveraged to design, develop, and distribute innovative products, services, features, and integrations by enabling a partnership ecosystem on Q2's digital banking platform; and Helix, a comprehensive banking as a service, or BaaS, solution, which enables innovative companies to integrate banking products and services into their offerings. Q2 purpose-build its platforms and solutions to enable success for its customers and technology partners by allowing them to digitize their operations and offerings, differentiate their digital brands, integrate traditional and emerging financial services, and ultimately, enhance their End-User acquisition, engagement and retention and improve their operational efficiencies and profitability.
Q2 Holdings, Inc. Recent Developments
Q2 Holdings, Inc. has recently unveiled a series of digital transformation solutions tailored for the banking and lending sector: Andi Copilot Platform (October 16, 2023): An AI solution suite designed specifically for bankers, integrating Generative AI (GenAI) language model capabilities. Q2 Security Insights (August 1, 2023): Geared towards providing real-time events and insights to financial institutions to bolster security measures. Q2 Instant Payments Manager (April 17, 2023): A solution aimed at aiding financial institutions in managing end-to-end instant payment workflows efficiently. Q2 Catalyst (May 2, 2022): A suite of commercial banking solutions focused on strengthening relationships with commercial and small to medium-sized businesses (SMBs). Helix - Banking-as-a-Service (BaaS) Platform (February 2, 2022): A cloud-native core designed for embedded finance, enabling innovative companies to offer personalized banking products tailored to their users' needs.
Q2 Holdings, Inc. Mergers and Acquisitions (M&A) Activities
In October 2022, Q2 acquired Sensibill, a privately held company founded in 2013 and headquartered in Toronto, Canada. Sensibill's machine learning platform enables financial institutions to capture and categorize granular spending details in order to better understand and serve their small business and consumer account holders throughout their financial journey. This acquisition complements the capabilities of Q2 Catalyst, Q2’s end-to-end commercial banking suite designed to help financial institutions win, onboard, serve, and grow business client relationships.
In November 2019, Q2 Holdings, Inc., acquired Lender Performance Group LLC, an enterprise SaaS provider of data-driven sales enablement, pricing, and portfolio management solutions for financial institutions globally, in a cash transaction valued at approximately $510 million.
In December 2018, Q2 Holdings has acquired Atlanta-based Gro Solutions, a provider of industry-leading account opening and digital sales and marketing solutions for financial institutions (FIs). The acquisition reflects both companies' ongoing mission of providing best-in-class digital experiences to FIs and the broader financial services industry. Gro Solutions provides a digital sales platform that drives customer acquisition growth across all digital channels. The Gro platform enables customers to make personalized recommendations and cross-sell products from deposit accounts to loans for both retail and business clients. Gro's solution combines advanced, multichannel account opening with targeted marketing capabilities as well as a shopping cart experience. Account-holders can simply add financial products when and how they need them.
Q2 Holdings, Inc. Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Q2 Holdings, Inc. applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Q2 Holdings, Inc. and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Q2 Digital Banking Platform, PrecisionLender Platform, Q2 Cloud Lending Platform, Q2 Innovation Studio, Helix customers.
Q2 Holdings, Inc. Overview
10355 Pecan Park Boulevard
Austin, TX, 78729, United States
1 833-444-3469
https://www.q2.com/
Ownership: - QTWO : NYSE
Number of Employees: 2249
Functional Markets: CRM, ERP Financial, ERP Services and Operations, TRM,
Key Verticals: Banking and Financial Services,
Q2 Holdings, Inc. Key Enterprise and Cloud Applications
Q2 Digital Banking Platform, PrecisionLender Platform, Q2 Cloud Lending Platform, Q2 Innovation Studio, Helix
Q2 Holdings, Inc. Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Q2 Holdings, Inc. Revenue Breakdown By Type, $M:
Q2 Holdings, Inc. Enterprise Applications Revenues By Functional Markets, $M:
Q2 Holdings, Inc. Enterprise Applications Revenues By Verticals, $M:
Q2 Holdings, Inc. Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Q2 Holdings, Inc. Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Q2 Holdings, Inc. Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Q2 Holdings, Inc. Customers
No. of Q2 Holdings, Inc. Customers: 1200
No. of Q2 Holdings, Inc. Enterprise Applications Customers: x
No. of Q2 Holdings, Inc. Cloud Customers: x
No. of Q2 Holdings, Inc. Cloud Subscribers: 2.1 million
As of December 31, 2022, Q2 had achieved significant milestones in terms of its customer base and transaction volumes. More than 1,200 financial institution customers were utilizing one or more of the company's solutions. This included over 40% of the top 100 U.S. banks and over 40% of the top 100 U.S. credit unions, based on total assets. Q2 had 444 installed digital banking platform customers, and those customers had approximately 21.1 million account holders registered on our digital banking platform. Users logged into our digital banking platform over 4 billion times and executed over $2.4 trillion in financial transactions.
Q2 Holdings, Inc. Market Opportunities, M&A and Geo Expansions
Q2 has seized the opportunity to expand its portfolio, incorporating digital lending, relationship pricing, the Q2 Innovation Studio, Helix, digital account opening, account switching, risk management, data-driven sales enablement, spending insights, and portfolio management solutions. This expansion aligns with the evolving landscape of financial services, which is increasingly digitized and open. By offering a wider array of digital services, Q2 aims to empower its customers to better serve their end users.
Q2 Holdings, Inc. Risks and Challenges
The recent leadership changes and promotions at Q2 Holdings, Inc. could pose risks for the company, including potential disruptions in operations, uncertainties in executive performance, and concerns about regulatory compliance and market perception.
Q2 Holdings, Inc. Ecosystem, Partners, Resellers and SI
Q2's channel partners include American Bankers Assosciation, Cardinal Software, COCC Financial Technology Solutions, CuProdigy, DCI - datacenterinc.com, PSCU Forward, TRICUE a technology CUSO, TriNovus and Western independant bankers. Its Technology Partners are Andera, Centrix Solutions, FIS, FUNDtech, Geezeo, iPayTechnologies, Trusteer and Yodlee. Q2ebanking has a partnership with Acculynk, payments technology company, to provide real-time person-to-person (P2P) payment solution through Acculynk's Payzur service.
Q2 Holdings, Inc. Cloud Infrastructure Insights
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Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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