AUSTIN, Texas–(BUSINESS WIRE)–Q2 Holdings, Inc. (NYSE:QTWO), a number one supplier of digital transformation options for banking and lending, at the moment introduced its acquisition of Sensibill, a privately held firm based in 2013 and headquartered in Toronto, Canada. Sensibill’s machine studying platform allows monetary establishments to seize and categorize granular spending particulars with a purpose to higher perceive and serve their small enterprise and shopper account holders all through their monetary journey.
“Delivering differentiated and customized experiences by way of the digital channel is a prime precedence,” mentioned Kirk Coleman, chief banking officer of Q2. “Sensibill’s resolution allows monetary establishments to higher perceive the spending behaviors of their account holders, positioning them to ship tailor-made services and products, drive loyalty and improve engagement. Everybody at Q2 is worked up to welcome the proficient Sensibill group.”
Sensibill allows small and medium-sized companies to automate and streamline expense administration, which can assist monetary establishments improve engagement with this important buyer base. This acquisition enhances the capabilities of Q2 Catalyst, Q2’s end-to-end business banking suite designed to assist monetary establishments win, onboard, serve, and develop enterprise shopper relationships. As well as, the acquisition of Sensibill bolsters Q2’s complete information technique to ship actionable insights that assist monetary establishments function their enterprise, safe their clients, personalize experiences, and drive deeper engagement. Sensibill will enrich Q2’s information portfolio with granular SKU-level information and improve the potential of Q2’s machine studying capabilities.
“We’re excited to affix the Q2 group to make monetary wellness extra attainable for all,” mentioned Corey Gross, co-founder and CEO of Sensibill. “Q2 is a acknowledged chief in digital banking and lending and, by becoming a member of forces, we’ll empower extra monetary establishments and fintechs with larger insights into their account holders’ spending habits, serving to them handle their companies higher and supporting their monetary wellbeing.”
Monetary phrases of the transaction, which was closed on October 3, 2022, weren’t disclosed.
INFOR Monetary Group served as unique monetary advisor to Sensibill Inc.
For extra details about Q2, go to www.Q2.com.
About Q2 Holdings, Inc.
Q2 is a monetary expertise firm devoted to offering digital banking and lending options to banks, credit score unions, different finance, and fintech corporations within the U.S. and internationally. With complete end-to-end resolution units, Q2 allows its companions to offer cohesive, safe, data-driven experiences to each account holder – from shopper to small enterprise and company. Headquartered in Austin, Texas, Q2 has workplaces all through the world and is publicly traded on the NYSE beneath the inventory image QTWO. To study extra, please go to Q2.com.
About Sensibill
Based in 2013 and headquartered in Toronto, Canada, Sensibill is a number one buyer information platform that ingests and enriches massive streams of SKU-level transaction information from main sources in real-time. By way of its AI-powered know-how, Sensibill offers high-value, actionable insights for monetary establishments and their clients to each run their companies higher and assist their monetary wellbeing.
Ahead-looking Statements:
This press launch comprises forward-looking statements, together with statements about: the capabilities and advantages of the Sensibill resolution and of the acquisition to Q2 and Q2’s clients. The forward-looking statements contained on this press launch are primarily based upon Q2’s historic efficiency and its present plans, estimates, and expectations and will not be a illustration that such plans, estimates or expectations will probably be achieved. Ahead-looking statements are topic to dangers and uncertainties that would trigger precise efficiency or outcomes to vary materially from these expressed in or instructed by the forward-looking statements. Components that would trigger or contribute to such variations embody, however will not be restricted to, the next: (a) dangers associated to Q2’s potential to efficiently combine Sensibill and its know-how and personnel; (b) dangers associated to the efficiency of the Sensibill resolution and the execution of the mixed plans, methods and forecasts, together with with respect to Sensibill’s SKU degree spend information seize capabilities and choices; (c) dangers associated to buyer demand and market acceptance for these choices; (d) dangers associated to Q2’s expectations with respect to the enterprise of Sensibill after completion of the transaction and Q2’s potential to understand extra alternatives for development and innovation; (e) aggressive dangers within the highly-competitive and modern monetary service and know-how industries; (f) dangers associated to the safety and compliance of those options; (g) mental property and associated dangers; (h) regulatory dangers, together with dangers associated to evolving regulation of synthetic intelligence, machine studying and the receipt, assortment, storage, processing and switch of knowledge; and (i) such different dangers and potential elements that would have an effect on our enterprise and monetary outcomes as are recognized in Q2’s filings with the Securities and Trade Fee.
Further data regarding the uncertainty affecting the Q2 enterprise is contained in Q2’s filings with the Securities and Trade Fee. These paperwork can be found on the SEC Filings part of the Investor Relations part of Q2’s web site at http://traders.Q2.com/. These forward-looking statements signify Q2’s expectations as of the date of this press launch. Subsequent occasions might trigger these expectations to vary, and Q2 disclaims any obligations to replace or alter these forward-looking statements sooner or later, whether or not because of new data, future occasions or in any other case.