AUSTIN, Texas - Q2ebanking, a virtual banking provider for financial institutions, announced its partnership with Providence-based Andera, a financial software company that simplifies account opening and lending for financial institutions across numerous platforms, including from a desktop, in the field and over the phone.
Q2 plans to integrate Andera’s oFlows platform with its e-banking platform.
“We are excited to partner with Q2,” Andera CEO Charlie Kroll said in prepared remarks. “Andera and Q2 have a common vision and understand the true impact mobile and virtual branch banking will have on the future of financial services.”
Andera’s oFlows platform results in a banking experience entirely free of paper by enabling users to “open accounts, originate loans and sign documents electronically.” It is especially equipped to work with tablets, and its interface adjusts to use on PCs, Apple computers and smartphones.
The CEOs of both Q2 and Andera emphasized the important role that virtual banking will play in the future of finance.
“Combining the features and benefits of Q2’s unified platform with oFlows’ account opening and lending platform further advances the capabilities and conveniences of virtual banking. … While the idea of the virtual branch has been discussed as an ideal for years, Q2 is making it a reality for our clients,” Matt Flake, CEO and president of Q2, said in prepared remarks.