AUSTIN, Texas--(BUSINESS WIRE)--
Q2
Holdings, Inc. (NYSE:QTWO), a leading provider of secure,
cloud-based digital banking solutions for community-focused financial
institutions (FIs), announced today the launch of Q2 Open, a new
portfolio of open API financial services.
Any organization looking to provide financial services—financial
institutions, fintech companies and leading brands—can utilize Q2 Open
to develop and enhance their own financial apps and tools.
“Our mission is to strengthen financial institutions, and as our
industry evolves, our clients need new ways to deliver innovative
financial services,” said Matt Flake, CEO of Q2. “Q2 Open is designed to
make it easier, faster and more cost-effective to develop digital
financial tools and represents meaningful opportunities for financial
institutions and fintechs to partner and drive new growth.”
Q2 Open is comprised of four services consumed through open APIs, which
allow development-capable organizations to build front-end interfaces
and experiences on top of Q2 Open’s existing technology infrastructure.
Services include:
-
Q2 Debit, which enables federally insured checking account creation
into applications and offers branded debit cards integrated into Visa
or MasterCard rails.
-
Q2 Save, which offers fully functional, compliant and cost-effective
savings accounts with account and routing numbers inside an
application.
-
Q2 Ledger, which provides ledgering functionality for “For the Benefit
Of” (FBO) accounts—an alternative to traditional checking and savings
accounts.
-
Q2 Biller Direct, which aggregates users’ bills and payments into a
single view, enabling bill presentment, aggregation and bill pay
functionality into their applications.
Q2 Open is already powering several fintech brands and apps, including
Qapital—a leading savings app featured in The New York Times, Fast
Company, Wired, Forbes and more. Today, Qapital uses Q2’s APIs
for its goal-based savings app, which serves more than 300,000 users.
"We've been impressed by Q2 and the Open portfolio," said George
Friedman, CEO of Qapital. “Our young audience expects us to be on the
cutting edge of digital banking innovation. The Q2 Open APIs enable our
team of creators, designers and developers to rapidly deliver new
features in our app—allowing us to build a product that our customers
really love."
Qapital recently expanded and extended its relationship to further
leverage the Q2 Open portfolio, and will use Q2’s open APIs to deploy
new cornerstone features—including a Qapital debit card—in the coming
months.
The Q2 Open portfolio has been developed and released by Q2 Labs, an
innovation-focused team within Q2. For more information, inquiries and
opportunities regarding Q2 Open, please visit www.q2ebanking.com/api.
About Q2 Holdings, Inc.
Q2 Holdings, Inc. (Q2) is a leading provider of secure,
cloud-based digital banking solutions headquartered in Austin, Texas. Q2
is driven by a culture of partnership and dedication to empowering
community-focused banks and credit unions with digital banking
solutions that help them stand apart, scale smart and grow beyond with
retail and commercial account holders. Q2’s solutions are designed to
deliver a compelling, secure and consistent user experience on any
device and enable customers to improve account holder retention and
to create incremental sales opportunities. To learn more about Q2, visit www.q2ebanking.com.
About Qapital
Qapital is the leading personal finance app committed to helping
everyday people achieve their goals. Founded in 2012 by George Friedman
and Erik Akterin, the platform leverages behavioral economics to bridge
the gap between intention and action when it comes to money management
by making saving as seamless and enjoyable as spending. The app’s
goal-driven approach encourages users to save for things they aspire
for, like a vacation, wedding, or down payment on a home, by turning
everyday habits and guilty pleasures into opportunities to save –
without even thinking about it. Qapital is also the only personal
finance app that employs IFTTT (If This Then That) technology, allowing
users to save money by using their favorite apps, such as posting a
photo to Instagram or reaching a target on Fitbit. Based in New York and
Stockholm, Qapital is funded by investors including Northzone,
Industrifonden, Anthemis Exponential Ventures, Rocketship VC, and Entrée
Capital.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170613006091/en/
Source: Q2 Holdings, Inc.