Q2 Holdings, Inc. (NYSE: QTWO), a provider of digital transformation solutions for financial services, has announced that Wells Fargo (NYSE: WFC) has launched a commercial banking platform.
The platform is designed to enhance bankers’ ability to serve commercial clients and increase collaboration and efficiency.
According to Mary Katherine Dubose, EVP and Head of Commercial Banking Specialized Industries at Wells Fargo:
“Wells Fargo is committed to delivering superior value to our commercial banking clients. We are excited to partner with Q2 on this important initiative and to have successfully completed the initial phases of Q2’s implementation.”
The platform, provided by Q2, enables bankers to serve customers with agility and insights required in a dynamic market.
Q2’s solution is used by more than 30,000 bankers across 140 financial institutions, including more than half of the 15 largest banks in North America.
Q2 President Kirk Coleman stated:
“We are excited to partner with Wells Fargo to transform and enhance the experience they provide to their commercial clients. Q2 empowers client relationship teams with actionable, real-time insights and coaching to deliver exceptional service across products.”
Q2’s commercial relationship solutions help financial institutions analyze millions of relationships annually.
The company’s virtual insights analyst, Andi, augments bankers’ strengths with the latest technology, data, and insights.
As covered last month, Q2 Holdings Inc., a provider of digital transformation solutions for financial services, announced a strategic partnership with Alloy, an identity and fraud prevention platform provider, to deliver a joint ongoing fraud monitoring solution for Q2 Digital Banking customers.
Powered by Alloy’s centralized identity decision engine for fraud detection and prevention, this solution addresses the need for FIs to take “control of their fraud monitoring efforts while maintaining an engaging user experience and growing their business.”
Through this partnership, Q2 and Alloy will deliver a solution that addresses ongoing fraud risks, such as “account takeover and peer-to-peer (P2P) payment fraud, that continuously threaten financial institutions.”