Post Tagged with: "Q2"

Fintech Companies Prepare for Same-Day ACH

Fintech Companies Prepare for Same-Day ACH

by August 4, 2016 at 2:20 pm 3 comments

On Sept. 23 a major milestone in the journey toward faster payments will be reached: New rules will go into effect that will enable the same-day processing of ACH payments. Vendors are working to make sure banks are ready to take advantage. Adam Anderson, CTO of Q2, a provider of cloud-based banking software, said thatRead More

Fighting Fraud with… Fake Fraud?

Fighting Fraud with… Fake Fraud?

by April 20, 2016 at 10:32 am 1 comment

The most vulnerable point in a bank’s network today might just be Bill over in marketing — or any employee. Humans are by nature vulnerable to social engineering and may discuss where they work on social media — LinkedIn is a treasure trove for would-be bank hackers. A common attack against aRead More

NICE-Actimize Introduces Cloud-based AML Compliance Tool

NICE-Actimize Introduces Cloud-based AML Compliance Tool

by April 18, 2016 at 12:27 pm 1 comment

‘Cloud’ used to be a scary word in banking — but as the services offered by Amazon, IBM and others grow more sophisticated, both bankers and regulators are learning to love the cloud. Banks have generally been reluctant to move important information from in-house environments to the cloud, but that couldRead More

Q2 Buys Social Money for $10.6M as Fintech M&A Boils

Q2 Buys Social Money for $10.6M as Fintech M&A Boils

by December 3, 2015 at 12:28 pm 0 comments

Q2 is buying up Silicon Prairie. Q2 Holdings, the parent of bank software provider Q2, announced Tuesday it had acquired Des Moines, Iowa-based Social Money, best known for its SmartyPig savings product. In July, Q2 acquired Lincoln, Neb.-based Centrix, a maker of fraud detection technologies, for about $20 million. InRead More

Amid Wild Wall Street, Fintech Outperforms Market

Amid Wild Wall Street, Fintech Outperforms Market

by August 27, 2015 at 11:08 am 0 comments

Wall Street has given investors a wild ride in recent days. That is, with the exception of fintech investors. The Bank Innovation portfolio of stocks, which includes 25 fintech companies, has dropped in value 2.24% since July 20. That compares to a loss of 9.83% for the Nasdaq since that date.Read More

Q2 Signs Largest Client in Sign Cloud Banking Has Arrived

Q2 Signs Largest Client in Sign Cloud Banking Has Arrived

by June 3, 2015 at 10:27 am 1 comment

More and more banks are looking to the cloud to solve their technology needs, and Q2 Holdings Inc. seems to be benefiting. Cloud-banking provider Q2 announced this week that it has signed its largest-ever client, San Francisco-based First Republic Bank, which has $51 billion in assets. The bank plans to implement Q2’s technology toRead More

Yodlee Files for an IPO, Despite MIA Profits

Yodlee Files for an IPO, Despite MIA Profits

by July 1, 2014 at 11:59 am 0 comments

Yodlee Inc. filed to make an initial public offering. Even though it has been losing money for years on end. Yodlee was founded in 1999. It has been profitable only once, in 2010. According to Yodlee, the company’s accumulated deficit was about $351 million at the end of last quarter. InRead More

Q2 Goes Public — with Patent Problems Looming

Q2 Goes Public — with Patent Problems Looming

by March 20, 2014 at 11:08 am 3 comments

Q2 (formerly Q2 EBanking) may have some patent problems. Austin-based Q2 Holdings, the parent company of Q2 which is going public today, offers cloud-based banking services to some 300 community banks and credit unions as customers. Its software-as-a-service offerings are some of the most innovative in the industry, with an earlyRead More