Q2
Holdings, Inc. (NYSE:QTWO), a leading provider of digital
transformation solutions for banking and lending, today launched Q2
TrustView, powered by ALTR, an enhancement to Q2’s multilayered data
management and protection approach that controls how individuals access
data, delivers detailed data intelligence and reporting, and protects
critical data assets at rest.
Human presence within complex data networks inherently creates privacy
and governance vulnerabilities. In its 2019
Cybersecurity Trends report, Javelin Strategy & Research noted that
“retail banks will increasingly view privacy as more than just a
regulatory hurdle.” As a result, providing the safe and compliant
storage and accessibility of sensitive information has become even more
critical to instilling trust throughout the banking and lending
experience.
“Great financial experiences are built on a foundational confidence and
trust that an account holder’s data will be protected,” said Adam Blue,
CTO at Q2. “With Q2 TrustView, we are strengthening our data management
approach to ensure that protections are in place for our customers and
their users at every step of the data journey.”
Q2 TrustView mitigates breaches in real time and safeguards critical
data by fragmenting personally identifiable information across a
private, low-latency blockchain network, and rendering data-at-rest
useless to unauthorized entities. By leveraging the append-only
architecture inherent in blockchain technology, Q2 TrustView also
provides a comprehensive, immutable view of who accesses valuable data,
when they access it and how often.
Q2 TrustView is made possible through an exclusive agreement with ALTR,
developer of the first software solution designed to harness
blockchain’s virtually inviolable structure and apply it to data
security. The ALTR platform, integrated as a core technology within Q2
TrustView, provides Q2 with enhanced clarity into Q2’s customer and end
user data access.
“Our partnership with Q2, who is a leader in a highly-regulated
industry, is powerful validation of the confidence banking and lending
institutions are placing in ALTR’s technology,” said Dave Sikora, CEO
at ALTR. “Data is critical to these institutions, and the integration of
ALTR’s smart driver and blockchain technologies into Q2 TrustView
reinforces Q2’s approach to data security, privacy and governance by
implementing a critical human error countermeasure.”
To learn more about Q2, visit www.q2ebanking.com.
About Q2 Holdings, Inc.
Q2 is a secure, cloud-based digital transformation solutions company
headquartered in Austin, Texas. Since 2004, it has been our mission to
build stronger communities by strengthening their financial
institutions. Our digital banking solutions for deposits, money
movement, lending, leasing, security and fraud enable financial
institutions to deliver a better financial experience to their account
holders. Our bank and credit union customers, along with emerging
financial services providers, also benefit from actionable data
analytics and access to open technology tools. To learn more about Q2,
visit www.q2ebanking.com.
About ALTR
ALTR
is the first software company to unleash the cybersecurity benefits of
blockchain for the enterprise. The ALTR platform, based on ALTR’s
proprietary ALTRchain technology, restores digital trust to
organizations by fundamentally changing the way valuable data is
monitored, accessed and stored. It is simple to deploy and easy for both
technical and non-technical business stakeholders to use, providing them
with an intrinsic view and control over the inner data-environment of an
organization including how sensitive data assets are used or seen and by
whom. The company, which holds 17 issued patents and has dozens more
pending, is based in Austin.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190515005157/en/