Q2 Holdings, Inc. Strengths, Domain Expertise, and Key Differentiators
Q2 is a leading provider of secure, cloud-based digital solutions that transform the ways in which traditional and emerging financial services providers engage with account holders and end users, or End Users. They sell their solutions to financial institutions, alternative finance and leasing companies, or Alt-FIs, and financial technology companies, or FinTechs. Their solutions enable their customers to deliver robust suites of digital banking, lending, leasing, and banking as a service, or BaaS, services that make it possible for End Users to transact and engage anytime, anywhere and on any device.
Q2 Holdings, Inc. Recent Developments
In May 2020, Q2 brought its Banking-as-a-Service (“BaaS”) offering under the Q2 brand banner—as Q2 BaaS. As part of this transition, Q2 and StoneCastle dissolved their partnership, known in the market as Cambr. Going forward, Q2, which owns the core technology that powers innovative onboarding, deposit processing, debit card, and payment solutions for blue-chip clients like Acorns, will continue to invest under the Q2 BaaS moniker and will market these solutions to fintechs, innovative brands and global corporations independent of StoneCastle.
In April 2020, Q2 launched its end-to-end digital lending solution specifically designed to help financial institutions accelerate application acceptance and funding to small businesses under the U.S. Small Business Administration (SBA) Paycheck Protection Program within the Coronavirus Aid Relief and Economic Security (CARES) Act recently enacted by the U.S. Department of Treasury. This solution is provided via Q2 Cloud Lending, Q2’s integrated, cloud-based lending platform.
In November 2019, Q2 launched Q2 Human-Digital Experience (Q2 HDX) on Salesforce AppExchange. Q2 HDX allows financial institutions (FIs) to deliver outstanding account holder service and experiences by merging digital and in-person interactions into one interface within the Financial Services Cloud, the world’s No. 1 customer relationship management (CRM) tool for financial services.
In May 2019, Q2 Holdings launched Q2 TrustView, powered by ALTR, an enhancement to Q2's multilayered data management and protection approach that controls how individuals access data, delivers detailed data intelligence and reporting, and protects critical data assets at rest. The human presence within complex data networks inherently creates privacy and governance vulnerabilities. As a result, providing the safe and compliant storage and accessibility of sensitive information has become even more critical to instilling trust throughout the banking and lending experience. Q2's TrustView is made possible through an exclusive agreement with ALTR, developer of the first software solution designed to harness blockchain's virtually inviolable structure and apply it to data security. The ALTR platform, integrated as a core technology within Q2 TrustView, provides Q2 with enhanced clarity into Q2's customer and end-user data access.
Q2 Holdings, Inc. Mergers and Acquisitions (M&A) Activities
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 productsâ€”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, Q2 Lending and Leasing, Q2 BaaS, customers.
Q2 Holdings, Inc. Overview
Ownership: - QTWO : NYSE
Number of Employees: 1574
Key Verticals: Banking and Financial Services,
Q2 Holdings, Inc. Key Enterprise and Cloud Applications
Q2 Digital Banking Platform, Q2 Lending and Leasing, Q2 BaaS,
Q2 Holdings, Inc. Revenues, $M:
|Type/Year||2018||2019||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:
|Type||License||Services||Hardware||Support & Maintenance||SaaS|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe|
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||2019 Total Revenues, $M||2019 Enterprise Applications Revenues, $M||2019 Cloud Applications Revenues, $M|
Q2 Holdings, Inc. Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
Q2 Holdings, Inc. Customers - Breakdown by Geo, Size, Vertical and Product
No. of Q2 Holdings, Inc. Customers: 414
No. of Q2 Holdings, Inc. Enterprise Applications Customers: 414
No. of Q2 Holdings, Inc. Cloud Customers: 382
No. of Q2 Holdings, Inc. Cloud Subscribers: 13100000
As of December 31, 2019, Q2 had 414 installed digital banking platform customers located in 48 states, and those customers had approximately 14.6 million consumer and commercial users registered on our digital banking platform. Registered users of their digital banking platform, or Registered Users, executed over $996 billion in financial transactions on our digital banking platform during 2019.
Q2 Holdings, Inc. Market Opportunities, M&A and Geo Expansions
Q2 believes there is significant opportunity to expand their relationships with existing customers by selling additional solutions such as their lending and leasing, digital account opening and data-driven sales enablement and portfolio management solutions. In addition, their revenues from existing customers continue to grow as these customers increase the number of End Users on their solutions and as the number of transactions these End Users perform on their solutions increases.
Q2 Holdings, Inc. Risks and Challenges
Because of the limited number of banks being created after the financial crisis, Q2 may need to ramp up its acquisition engine in order to increase its coverage. While the number of US banks has been declining sharply over the past 15 years, Q2 needs to drive greater adoptions through unconventional channels such as social media and mobile. Additionally Q2 may have to add mobile payment capabilities as part of its standard offering in order to attract more millennial users.
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
Subscribe to read more about:
- Q2 Holdings, Inc. Public Cloud and Infrastructure (IaaS)
- Q2 Holdings, Inc. Platform (PaaS)
- Q2 Holdings, Inc. Application Delivery
- Q2 Holdings, Inc. Private Cloud and Data Centers
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).
For additional information on our methodologies, here's the link:https://www.appsruntheworld.com/About Us
Copyright © 2021, APPS RUN THE WORLD