Q2 and Moven to Showcase New Bank-in-a-Box Solution at the FinovateSpring Event
May 10 2021 - 8:15AM
Business Wire
New Turnkey Solution Allows Financial
Institutions to Compete with Challenger Banks by Deploying a
Bank-in-a-Box in 30 days; New Solution to be Demoed at the
FinovateSpring Virtual Event
Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of digital
transformation solutions for banking and lending, today announced
its participation with mobile financial service provider Moven in
the virtual FinovateSpring event on May 11, 2021. Q2 and Moven will
demo their new turnkey challenger Bank-in-a-Box solution that can
be deployed in financial institutions (FIs) in as little as 30
days.
FinovateSpring brings together over one thousand senior-level
attendees from fintech companies and FIs. The event gives attendees
the ability to network, connect, collaborate, and learn about the
latest innovations in the fintech space.
Using a combination of Q2’s core processing system for Banking
as a Service, CorePro, and Moven’s award-winning financial wellness
app, Q2 and Moven have developed a turnkey digital challenger
strategy to solve the competitive threat of neobanks (financial
technology firms that offer internet-only financial services and
lack physical branches) for community and regional banks and credit
unions. This collaboration brings Open Banking to customers in a
way that’s never been done before.
Demonstrating this solution during FinovateSpring will help FIs
understand the need to protect their current and future customer
relationships from emerging digital challenger banks, get a sense
of where the banking industry is headed, and understand how they
can better serve their customers with innovative technology, even
if that means launching their own challenger bank.
“The new bank account is being defined by a different set of
rules. Low friction, engaged customer base, differentiated
distribution, and strong digital (mobile and web) support are all
the rage, but at the core is a new approach to the basic day-to-day
bank account,” observes Brett King, Founder and Executive Chairman
of Moven. “This new approach is also core agnostic, which means
there are huge opportunities in building banks from the customer
up, rather than from the banker down.”
“Until now, a digital challenger strategy requires financial
institutions to endure a prohibitively long, expensive journey. Q2
and Moven are giving banks a short, easy and cost-effective
alternative to their current approach,” said Rahm McDaniel, vice
president of Strategic Solutions at Q2. “We couldn’t be more
excited to demo this collaboration during FinovateSpring and begin
helping FIs across the world take challenger banks head on.”
To register to attend FinovateSpring and watch Q2 and Moven’s
demo, sign up here.
ABOUT Q2
Q2 is a financial experience company dedicated to providing
digital banking and lending solutions to banks, credit unions,
alternative finance, and fintech companies in the U.S. and
internationally. With comprehensive end-to-end solution sets, Q2
enables its partners to provide cohesive, secure, data-driven
experiences to every account holder – from consumer to small
business and corporate. Headquartered in Austin, Texas, Q2 has
offices throughout the world and is publicly traded on the NYSE
under the stock symbol QTWO. To learn more, please visit
Q2.com.
ABOUT MOVEN
Moven has been the leader in banking innovation and technology
for over a decade. Banking partners around the globe rely on
Moven’s patented Financial Wellness Platform to deliver real-time
insights to their customers resulting in reduced attrition,
increased engagement, and bottom-line revenue expansion. Awarded
the first-ever patent for financial wellness in 2019, Moven has
been steadily improving the financial lives of millions of users
around the world. To learn more, visit www.moven.com.
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Maria Abbe Q2 Holdings, Inc. M: 1-315-657-0041
Maria.abbe@q2.com
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