Digital banking is commonplace nowadays. Mobile banking is an essential offering for banks of all sizes to remain relevant against competitors. It's normal for customers to check their bank balances, deposit checks, make transfers, and even pay bills on their mobile banking apps. Q2 Holdings Inc. (NYSE: QTWO) is a leading provider of digital banking solutions for banks and financial institutions. They provide the software to enable banks to offer digital banking for their customers.
Q2 operates in the computer and technology sector, competing with banking software providers, including Fiserv Inc. (NYSE: FI), Jack Henry & Associates Inc. (NASDAQ: JKHY), nCino Inc. (NASDAQ: NCNO) and ACI Worldwide Inc. (NASDAQ: ACIW).
Q2 Holdings Portfolio of Services
While bank customers may take digital banking services for granted, banks have to handle the behind-the-scenes infrastructure to accommodate customer's needs. Q2 provides the software infrastructure through its cloud-based platform, providing a comprehensive suite of services, which include:
Consumer Retail Banking: Q2 enables financial institutions to offer online and mobile banking, from opening accounts and digital onboarding to paying bills, transferring funds, making mobile check deposits, and offering financial management tools.
Small and Medium-Sized Business (SMB) Banking: Q2 also offers SMB banking services, which include online payment processing, loan origination, cash flow analysis, business intelligence, expense management, and payroll.
Commercial Banking: Q2 Digital Banking has commercial banking features ...
