Q2 launches Symphonix platform to transform non-bank lending operations

Q2 Holdings, Inc. (NYSE: QTWO), a prominent provider of digital transformation solutions for financial services, has unveiled its latest cloud-based digital lending platform, Symphonix. This advanced platform is tailored specifically for non-bank lenders, designed to streamline operations and enable the building and expansion of profitable loan portfolios globally.

Symphonix: Transforming Digital Lending for Non-Bank Lenders

Symphonix offers an all-in-one cloud-based solution that supports loan origination, servicing, collections, and investor management across a global scale. Currently, it facilitates over 1.5 million loan applications monthly, making it a vital tool for non-bank lenders to scale efficiently and provide enhanced borrowing experiences.

According to Q2 Holdings, Symphonix aims to foster a global lending community by leveraging its in-depth expertise in financial technology. The platform is built to assist lenders in overcoming the traditional challenges associated with infrastructure integration, allowing them to focus more on customer acquisition, credit policy refinement, and compliance management.

Bill Gravette, General Manager of Symphonix, expressed the company’s vision of enabling greater access to capital for individuals and small businesses worldwide. Gravette emphasised that non-bank lenders play a crucial role in expanding global credit access but often face operational hurdles. Symphonix, he noted, provides a solution by automating and streamlining these processes, allowing lenders to concentrate on customer engagement and credit provision.

Positive Feedback from Early Adopters

Early adopters of the Symphonix platform, such as Pioneer Military Credit, have already reported significant improvements in their operations. CEO Aaron Hadke highlighted that Symphonix allowed the company to scale rapidly, reducing the time for implementing refinements from nine months to just 30-45 days. Hadke praised Q2 as the best software provider he has collaborated with throughout his career, particularly in terms of the efficiency and effectiveness of the process.