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Banking as a Service to Make Finance Human

AUSTIN, Texas, February 02, 2022–(BUSINESS WIRE)–Q2 Holdings, Inc. (NYSE:QTWO), a number one supplier of digital transformation options for banking and lending, as we speak introduced the introduction of Helix, the evolution of Q2’s Banking-as-a-Service (BaaS) platform. As a cloud-native core goal constructed for embedded finance, Helix permits any modern firm to supply differentiated banking merchandise which are personalised to serve the distinctive wants of their customers. Whereas Q2’s digital banking platform is targeted on serving the wants of banks and credit score unions, Helix empowers fintechs, know-how firms and client manufacturers with the platform and monetary establishment companions wanted to embed banking into their ecosystems.

Helix serves greater than 11 million customers nationwide and processes over $20 billion in transactions per yr. Helix provides the constructing blocks of banking – accounts, playing cards, funds, knowledge and controls, administrative instruments and monetization options – multi functional place to make it simpler to embed personalised monetary experiences in context.

“Now we have entered a brand new frontier in monetary providers: the convergence of monetary establishments, fintechs and client manufacturers,” mentioned Jonathan Worth, EVP of Rising Enterprise, Company & Enterprise Improvement, Q2. “Profitable know-how firms traditionally have gained traction available in the market by constructing their merchandise round every particular person’s wants and context. Now we have taken that very same design philosophy and utilized it to banking.”

“With Helix, we’re constructing on Q2’s experience in digital banking and partnering with modern firms to make finance human,” mentioned Helix Common Supervisor Ahon Sarkar. “For us, making finance human means three issues: first, making a world the place the monetary merchandise that serve us are as distinctive because the those who use them; second, enabling firms to design their merchandise round every particular person as an alternative of forcing folks to evolve their must current merchandise; and third, making a world the place human-centric monetary providers can be found for each particular person.”

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With Helix, firms can create distinctive banking options which are designed round their customers to drive adoption, engagement, retention and finally, profitability.

“The factor that stands out about Helix is the simplicity: within the know-how and integration after which within the pricing mannequin,” mentioned Acorns Chief Enterprise Officer, Manning Discipline. “There’s a lot inherent complexity on this panorama and Helix makes it simple to develop one thing nice for our prospects.”

With a contemporary, proprietary cloud-based core, native REST APIs, a unified back-office console for simpler fintech-bank collaboration, and a community of sponsor financial institution companions, Helix is designed to work collectively seamlessly, eliminating the necessity to mix and handle disparate techniques.

“In any innovation, it takes a workforce to maneuver ahead,” mentioned Todd Brockman, common supervisor of Visa DPS. “Visa is worked up to accomplice with Helix as a most well-liked card processor to deliver new innovation to the monetary trade.”

For firms that need to provide banking options to their customers to drive retention and engagement, Helix offers the next key advantages:

  • Personalization – Traditionally, lots of the banking merchandise supplied to shoppers have been cookie-cutter options which are insufficient in assembly the rising wants of firms and serving the distinctive wants of customers. Helix helps firms leverage the context they’ve about customers to outline protocols equivalent to limits, options, and controls at a per-customer degree. This degree of personalization drives engagement for the shopper applications whereas serving to to extra granularly handle the danger of fraud.

  • Impression at Scale – To “make finance human,” Helix has to function on the largest scale. Taking these personalised banking merchandise and scaling them as much as multi-million person bases include a set of distinctive challenges, distinct from these of a program beginning with its first person. With a know-how basis able to supporting multi-million person applications, a user-centric API structure, and a singular back-office console, Helix is making it simpler than ever for firms to construct worthwhile and sustainable banking merchandise and companies.

  • Flexibility and Management – Helix provides a totally geared up, complete back-office console and fraud administration instruments to simplify operations and streamline dispute and fraud decision. By making operations simpler and buyer assist experiences extra seamless, Helix permits organizations to reply quicker and provides our prospects extra flexibility and management. By giving firms fraud controls on the person degree, Helix permits organizations to leverage their current understanding of their prospects to make higher threat choices, minimizing fraud and maximizing person engagement.

  • Decrease price of service – Helix’s cloud structure permits it to function at a a lot decrease cost-basis than conventional cores, decreasing the price of serving person accounts and enabling firms to design merchandise round prospects’ distinctive wants. By enabling modern firms to embed monetary options into their merchandise, Helix permits organizations to make it simpler for any anybody to take part within the U.S. financial system.

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For extra details about Helix go to helix.q2.com.

About Q2 Holdings, Inc.

Q2 is a monetary expertise firm devoted to offering digital banking and lending options to banks, credit score unions, different finance, and fintech firms within the U.S. and internationally. With complete end-to-end answer units, Q2 permits its companions to supply cohesive, safe, data-driven experiences to each account holder – from client to small enterprise and company. Headquartered in Austin, Texas, Q2 has places of work all through the world and is publicly traded on the NYSE beneath the inventory image QTWO. To study extra, please go to Q2.com.

About Helix

Helix offers modern fintechs and types the constructing blocks of banking — accounts, playing cards, funds, knowledge and controls, admin instruments, and monetization options — to make it simple to embed personalised monetary experiences that simply combine and scale. For extra data on Helix, go to helix.q2.com.

View supply model on businesswire.com: https://www.businesswire.com/information/house/20220202005396/en/

Contacts

MEDIA CONTACT:
Cole Lanier
Q2 Holdings, Inc.
M: +1-205-616-6142
[email protected]

INVESTOR CONTACT:
Josh Yankovich
Q2 Holdings, Inc.
O: +1-512-682-4463
[email protected]

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