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Q2 Leverages MX Technology to Launch Contextual PFM


Q2 + MX = CPFM.

With the “always-on aggregation” and UX/UI of MX, the newly launched Contextual PFM from Q2 is designed to make actionable financial insights a part of every customer’s mobile banking routine. “As account holders continue to make heavier use of the mobile channel and seek to optimize their financial lives,” Q2 CTO Adam Anderson said. “Q2 Contextual PFM can give them the most accurate picture of where they stand and what actionable decisions they can make from any device.”

Q2 Contextual PFM uses APIs from MX to provide account aggregation, transaction cleansing, and transaction organization, delivering a data-driven money-management solution to help customers spot, understand, and respond to trends in saving and spending. MX’s data aggregation and innovative visualization technology provide accurate information in an engaging way that “makes it easy for people to manage their finances,” according to MX founder and CEO Ryan Caldwell, who underscored the technology’s “intuitive, innovative UI.”


Q2 Contextual PFM can help FIs improve customer engagement and loyalty, as well. Directed at regional and community banks and credit unions, the solution gives them the kind of the technology customers are increasingly expecting, and getting, from larger FIs. This is in addition to the role the solution provides in helping customers become better banking consumers. Tye Jones, SVP of Digital Services at AimBank, where the technology is live with the employees, says the deployment “demonstrates how much we care about our customers’ financial health and providing them with the best possible banking experience, helping us compete with other larger financial institutions.”

A multiple Best of Show winner, Utah-based MX demonstrated its cross-platform fintech framework, Helios, at FinovateFall 2014, showing its technology at work on nine different devices from an iPhone to a Windows tablet. Last month, the company added a new feature, Cash Flow, to its MoneyDesktop platform, and in June, MX announced that it would power the Homeownership Preservation Foundation’s digital money-management app. MX signed a multiyear aggregation agreement with USAA in March and, in January, MX announced that former Intel and Fiserv executive Don MacDonald would become MX’s first CMO.

The company is also a FinDEVr alum. MX CTO Brandon Dewitt presented “How You Build Something Is More Important Than What You’re Building,” at FinDEVr San Francisco 2015. MX has raised $50 million in funding and its investors include USAA, TTV Capital, and North Peak Ventures, among others.

Q2 demonstrated its Risk and Fraud Analytics platform at FinovateSpring 2011. The company launched its cloud-based, open API developer platform, CorePro, in May. In December, Q2 acquired Social Money in a $10 million deal, the same month the company opened offices in Lincoln, Nebraska, to better accommodate their acquisition of Centrix Solutions. Based in Austin, Texas, Q2 trades on the NYSE under the ticker QTWO and has a market capitalization of more than $1 billion.

Categories: MX, Q2