How they describe themselves: Q2 provides digital banking software to financial services providers. We offer an enterprise digital banking platform to banks and credit unions, built on integrations with more than 200 legacy banking systems for core processing, bill pay, remote deposit capture, and more. Today, that platform serves nearly 400 financial institutions and more than 10 million users.
Last year, Q2 launched Q2 Open, a portfolio of API-based financial services for deposits and bill pay. Q2 Open provides a cost effective, flexible way for financial services providers to design, test, and deploy their own front-end financial services experiences. It is currently in use with traditional financial institutions, fintech companies, and major brands.
How they describe their product/innovation: Q2 Biller Direct is a new bill pay solution designed to dramatically improve both the user experience and economic model of bill pay. It allows consumers to aggregate their bills and pay them with their debit or credit card, improving the bill pay experience and helping financial institutions generate interchange revenue from bill pay-turning it from a cost center to a revenue generator. Biller Direct can be integrated with virtually any existing front-end product or platform, or development-capable organizations can build their own Biller Direct front end using the APIs within the Q2 Open API portfolio.
Product distribution strategy: Direct to Business (B2B), through financial institutions
Bus. Dev.: Paul Walker, SVP Corporate Development, firstname.lastname@example.org
Press: Emma Chase, Account Executive, email@example.com
Sales: Rahm McDaniel, SVP, firstname.lastname@example.org