Press Release Details

Q2, Chime Recognized by Celent for Award-Winning Consumer Account Onboarding

May 7, 2018

Chime awarded for implementation of Q2 CardSwap, an open API-driven solution to bring top-of-wallet strategies to forward-thinking FIs

AUSTIN, Texas--(BUSINESS WIRE)-- Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of secure, experience-driven digital banking solutions for community-focused financial institutions, announced today its client, San Francisco-based Chime, the leader in U.S. challenger banking, has been recognized by Celent as a 2018 Model Bank Winner for Consumer Account Onboarding using Q2 CardSwap. Celent is a leading global research and advisory firm for the financial services industry.

“We’re incredibly honored to be recognized as Chime’s technology partner for the Celent Model Bank award, especially in a category that is becoming more important for financial institutions everyday,” said Paul Walker, general manager of Q2 Open. “As account holders’ expectations continue to evolve and grow, it’s crucial that we meet those demands with new open API-driven technology that can elevate the standard of financial experiences.”

Celent’s annual Model Bank Awards recognize the best practices of technology usage in various areas critical to success in banking. Nominations are submitted by financial institutions and undergo a rigorous evaluation process by Celent analysts. Celent judges submissions on their clear business benefits, degree of innovation and excellence in implementation or technology.

Q2 was recognized as Chime’s technology partner for the latter’s implementation of Q2 CardSwap, a powerful and rapidly deployable open API-driven tool designed to help FIs and card issuers achieve top-of-wallet position while generating valuable interchange revenue. CardSwap enables account holders to automatically apply new debit or credit card information across their favorite subscription and digital point-of-sale services—such as Amazon, Netflix, Hulu and iTunes—in a single, elegant workflow.

“Effective consumer account onboarding means more than just an easy account opening, it needs to demonstrate value of the account to the customer,” said Zil Bareisis, senior analyst at Celent. “Chime’s offering to easily update the card details for recurring payments, supported by Q2’s CardSwap technology, clearly creates value for consumers and is an important component of Chime’s top of wallet strategy.”

Q2 will demo its latest top-of-wallet strategy at FinovateSpring in Santa Clara, California, on May 8. For more information on CardSwap and the Q2 Open portfolio, visit https://www.q2ebanking.com/api.

About Q2 Holdings, Inc.

Q2 is a leading provider of secure, experience-driven digital banking solutions headquartered in Austin, Texas. We are driven by a mission to build stronger communities by strengthening their financial institutions. Q2 provides the industry’s most comprehensive digital banking platform, enriched through actionable data insights, open development tools and an evolving fintech ecosystem. We help clients elevate the experience, drive efficiency and grow faster. To learn more about Q2, visit www.q2ebanking.com.

Source: Q2 Holdings, Inc.

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