Press Release Details

Q2 Announces Q2 Open, a Modern API Portfolio Powering Next-Generation Financial Services

June 13, 2017

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

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

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.

Source: Q2 Holdings, Inc.

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