Avidia Bank Partners with Q2 and Personetics to Modernize its Digital Banking Experience and Strengthen Engagement
Q2 and Personetics to enable Avidia Bank to provide a more robust, personalized digital banking experience to meet its customers’ evolving needs
AUSTIN, TX (June 27, 2024) —Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital transformation solutions for financial services, announced today that Massachusetts-based Avidia Bank has selected Q2 to modernize and enhance its digital banking experience for its customers. The bank will also leverage Personetics’ AI-powered personalized engagement platform through Q2 Innovation Studio to maximize the impact of the data-driven insights and empower its customers to achieve their financial goals.
Founded in 1869, Avidia Bank is a $2.6 billion mutual community bank with a mission to provide its communities with strong and efficient financial solutions and exceptional customer service. Previously, the bank was limited in its capabilities and hindered by system complexities, so it sought Q2 to revamp its digital banking experience and improve and simplify its internal and external processes.
In addition to the Q2 Digital Banking Platform, Avidia Bank selected several other Q2 solutions, including Q2 Innovation Studio and Q2 Marketplace, to deliver faster innovation and differentiated experiences. Q2 Innovation Studio will enable Avidia Bank to partner with fintechs to provide its customers with pre-built integrations to enhance the digital banking experience.
“As a marketer, I couldn’t be more excited about the potential with Q2,” said Janel Maysonet, senior vice president and chief marketing officer, Avidia Bank. “Q2 enables us to differentiate from other banks by leveraging the Q2 Innovation Studio to embed fintech solutions like Personetics within our digital banking platform. This will allow us to provide real-time insights and automated saving plans, helping our customers work toward their goals and financial decisions with confidence, all while creating stickier, deeper relationships with our account holders. Enhancing the digital experience for our customers is a top priority.”
“We are excited to partner with Avidia Bank to transform and streamline their digital banking experience,” said Katharine Briggs, chief product officer, Q2. “By leveraging the Q2 platform, Q2 Innovation Studio and the partner fintech ecosystem, we believe Avidia Bank can better serve account holder needs and provide a differentiated customer experience, enabling them to drive stronger engagement while broadening their regional footprint.”
Avidia will also leverage Personetics’ AI-powered personalization engine to deliver hyper-relevant, real-time insights, advice and savings journeys, empowering customers to manage finances with confidence, make informed decisions and achieve their financial goals. This integration with Personetics includes pre-built widgets, ensuring a brand-aligned experience while maximizing the impact of the data-driven insights.
“We applaud Avidia for taking this bold step to enhance its customer experience through personalized engagement,” said Jody Bhagat, president of the Americas, Personetics. “With turnkey data integration along with the capability to embed Personetics into the Q2 digital banking platform, Avidia Bank can now deliver hyper-personalized engagement that drives deeper customer relationships.”
“The collaboration between Avidia Bank, Q2 and Personetics underscores the beginning of an exciting journey,” Bhagat added. “It’s a partnership that recognizes how community banks can deliver innovative and proven solutions that strengthen their customer franchise.
Learn More
Q2 Innovation Studio allows in-demand financial services companies that are leveraging the Q2 SDK (software development kit) to pre-integrate their technology to the Q2 digital banking platform. This enables financial institutions to work with Q2’s partners, purchase their solutions and rapidly deploy their standardized integrations to their customers. For more information about Q2 Innovation Studio, click here.
About Q2 Holdings, Inc.
Q2 is a leading provider of digital transformation solutions for financial services, serving banks, credit unions, alternative finance companies, and fintechs in the U.S. and internationally. Q2 enables its financial institution and fintech customers to provide comprehensive, data-driven digital engagement solutions for consumers, small businesses and corporate clients. Headquartered in Austin, Texas, Q2 has offices worldwide and is publicly traded on the NYSE under the stock symbol QTWO. To learn more, please visit Q2.com. Follow us on LinkedIn and X to stay up to date.
About Personetics
Personetics is the global leader in financial data-driven personalization, enabling financial institutions to forge deeper relationships by enhancing clients’ financial wellness and helping them make smarter decisions. Personetics reaches 135 million customers across 35 global markets while serving more than 130 financial institutions. Personetics’ AI analyzes financial data in real-time to understand customer financial behavior, anticipate needs, and deliver a hyper-personalized experience with day-to-day actionable insights, personalized recommendations, product-based financial advice, and automated financial wellness programs. The company has offices in New York, London, Singapore, São Paulo, and Tel Aviv. For more information, visit www.personetics.com.
