Q2ebanking (Q2), a provider of premier electronic banking solutions for financial institutions, announced today that it has been selected by Connecticut-based Farmington Bank to provide an enhanced online banking experience for its retail and commercial customers.
The $1.7 billion bank selected Q2ebanking's online banking .Net single platform solution, which delivers robust consumer and commercial banking functionality while improving back office operations. It includes built-in security features such as multi-factor authentication (MFA), real time alerts and native out-of-band transaction authentication. In addition, Farmington Bank will deploy Q2ebanking's Risk and Fraud Analytics (RFA) solution, providing an additional layer of account level protection by modeling and monitoring both transactional and behavioral activity to proactively identify potentially fraudulent activity.
"Online banking is a key and growing channel for Farmington Bank, and a vital part of our mission to be the customer-service oriented bank of choice for consumers and businesses," said Ron Catrone, senior vice president and chief information officer at Farmington Bank. "We are pleased to partner with Q2ebanking to continue offering technology solutions that enhance service and security for our customers."
"Farmington Bank's decision to further enhance its online channel demonstrates its forward-looking commitment to customers," said Matt Flake, CEO and president of Q2ebanking. "We recognize that e-banking requires a modern infrastructure and passion for constant improvement. We are proud to be selected as Farmington Bank's partner and provide the e-banking functionality that will enable the bank to better serve its customers and better compete in the marketplace."