Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of cloud-based virtual banking solutions for financial institutions, today announced the signing of First Republic Bank, a leading private bank and wealth management company headquartered in San Francisco.
The bank, which has $51 billion in assets, plans to implement much of Q2’s platform to enhance the online banking experience for clients. The new functionality will include money movement, a complete view of a client’s financial relationships, and advanced alerts, among other features.
The agreement marks a significant milestone in Q2’s history as it continues to expand up-market and support the needs of more complex financial institutions through its scalable, single-platform architecture.
“We are delighted to be working with a bank that has the size and stature of First Republic,” said Matt Flake, president and CEO of Q2. “This also is an opportunity for Q2 to further expand its platform and capabilities to meet the needs of other financial institutions.”