AUSTIN, Texas–(BUSINESS WIRE)–Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of digital transformation solutions for banking and lending, today announced that it has been named, along with Q2 client Axos Bank (Axos), as winners of the 2022 IDC FinTech Rankings Real Results Awards in the Omni-Experience Customer Engagement category.
Axos Bank is a leader in technology-driven financial services with a continued commitment to innovation, efficiency and user-friendliness for over two decades. Through the implementation of Q2 ClickSWITCH – a patented digital account switching software as a service (SaaS) solution – Axos Bank, a $17.5 billion digital bank in assets, enables new customers to seamlessly and securely switch beneficiary accounts for its direct deposits and onboard new customer accounts quickly and efficiently, increasing Axos Bank’s primary banking relationship with customers. Following the rollout of Q2 ClickSWITCH, Axos Bank measured a 30 percent increase in deposit volume for all Q2 ClickSWITCH linked accounts.
“We are proud to be recognized alongside one of the nation’s most trusted digital banks for our concerted commitment to improving the customer experience through innovative solutions like Q2 ClickSWITCH,” said Dallas Wells, senior vice president of Product Management, Q2. “Today’s announcement is a reminder of the significant impact this dedication is having in moving the needle forward on the overall quality of engagement between a financial institution and its customers.”
“As a financial institution that prides itself on developing and maintaining customer relationships built on trust, it is critical that we offer features that create a seamless digital experience,” said Axos Bank Senior Vice President, Chief Digital Officer Michael Pfau. “We are pleased to be recognized by IDC for our success with Q2 ClickSWITCH, which has allowed us to increase deposit volume by 30 percent while establishing a primary financial relationship with our customers.”
Now in its eighth year, the IDC FinTech Rankings Real Results Awards recognize IT vendors who have enabled genuine, measurable and forward-looking change at a client financial institution in the global financial sector. The IDC FinTech Rankings Real Results program is part of the broader IDC FinTech Rankings program that categorizes and evaluates the top global financial technology providers based on calendar year revenue from financial institutions for hardware, software and/or services. These vendors provide the technological backbone of the financial services industry, an industry where IDC Financial Insights estimates worldwide IT spending to reach $590 billion (USD) by 2025.
The annual IDC FinTech Rankings and Real Results Awards have become an important measure of the health and direction of technology in the industry and the emergence of innovative solutions from new players. IDC Financial Insights publishes a comprehensive report on this year’s findings which is available to view or download HERE.
For more information on the ranking, visit HERE and follow on Twitter @IDC and look for #IDCFinTechRanking.
For more information about Q2 ClickSWITCH and Axos Bank:
Read Digital Account Switching: The Key to Profitable Consumer Relationships
Read Axos Bank’s case study for the 2nd quarter
Read the Axos Bank blog for Q2
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 US and internationally. With comprehensive end-to-end solution sets, Q2 enables partners to deliver seamless, secure, data-driven experiences to all account holders – from consumer to SMB and enterprise. Headquartered in Austin, Texas, Q2 has offices worldwide and trades on the NYSE under the ticker symbol QTWO. To learn more, please visit Q2.com.
About Axos Bank
Axos Bank was born digital and provides smarter money choices by offering a complete package of banking, investment and personal financial management tools in one convenient place. Through its self-developed online banking platform, Axos gives customers access to a range of award-winning banking products built around competitive interest rates and not-too-low fees. Axos Bank has over $17.5 billion in assets and is a wholly owned unit of Axos Financial, whose common stock is listed on the NYSE under the symbol “AX” and is part of the Russell 2000® Index, KBW Nasdaq Financial Technology Index and S&P SmallCap 600® Index. For more information about Axos Bank, please visit Axosbank.com.
