Build unique banking products at scale.

We’ve streamlined the entire back end, so you can focus on innovation.

A DIVERSE PORTFOLIO OF CLIENTS
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Q2 Powering the New Gusto

Learn how Gusto is providing unique value to its users and changing the nature of banking relationships with banking as a service technology.

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A new era of Banking as a Service

THAT WAS THEN…

Launching a new banking product used to feel like building a ship in a bottle with tweezers—carefully assembling the core, card processor, and other components together, and then bearing the compliance burden yourself… only to watch it fall apart when one piece slips out of alignment.

THIS IS NOW…

With Q2 BaaS, you’re designing and assembling a ship virtually and then simply “printing” it as a single, solid unit. You can now focus on changing the fintech landscape without worrying about the stability of your products.

The solution to a fragmented back end

We’ve rearchitected the entire banking stack to help you create the next generation of banking.

THE CHALLENGE

Legacy providers own the customer experience and data, making it difficult for you to meet specific customer needs.

OUR SOLUTION

Our technology gives you full control of the customer experience and ownership of all data.

YOUR VALUE

Your new application works seamlessly with the rest of your ecosystem, and new user data makes your entire stack smarter and more targeted.

THE CHALLENGE

API middleware that talks to a legacy core can cause integration risk, introduce points of failure or delay, and make collaboration on customer management difficult.

OUR SOLUTION

The Q2 API is our very own cloud-based solution and is the only banking as a service platform available that doesn’t operate as middleware.

YOUR VALUE

With instant updates to the core and a unified source of truth between you and the bank, you can engage your clients in real time and make customer support truly seamless.

 

THE CHALLENGE

Traditional providers lock you into a single-bank relationship, which can make it difficult to iterate over time.

OUR SOLUTION

We match you with a bank that specializes in your area of focus, and if it doesn’t work out, you can easily transfer—or acquire the bank license yourself.

YOUR VALUE

You have the right bank partner for today and can adjust in the future if your needs change.

 

THE CHALLENGE

The economics of existing legacy platforms make it impossible to earn profit when serving ‘underbanked’ users.

OUR SOLUTION

Our cloud-based core enables a more efficient business model that lets you offer your products to a new segment of customers and capture more revenue.

YOUR VALUE

More revenue to you means more resources to develop new products, create more compelling product hooks for your users, and scale your operations.

WHAT WE OFFER

Walk, talk, and act like a bank—without the paperwork.

OPEN ACCOUNTS
Checking and savings accounts with no minimums, no fees, goal-based savings, and industry-leading onboarding.
CUSTOM DEBIT CARDS
We’ve already integrated the entire product design process, from card initiation to processing, so you can focus on designing an experience that delights your customers.
DATA YOU OWN
Learn from your customer data in real-time or through batch processing—and then act on it with AI, instant messaging, targeted offers, and more.

Q2 BaaS explained in an infographic

Learn how Q2 BaaS brings together your product design expertise, our flexible core, and a bank partner who "gets it."

Read The Infographic

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CUSTOM-BUILT SOLUTIONS FOR OUR CLIENTS

Add a seamlessly integrated banking product without the typical hassle

Problem

Adding true DDA and debit functionality to your app traditionally required hacking a solution together that’s painful to implement and operate.

Solution

Our pre-integrated stack and single API works seamlessly with your other products and eliminates the need for you to combine and manage disparate systems.

Result

Rather than needlessly keeping the back end together, you can focus all of your attention on design.

Earn more profit by offering users free, instant funding

Problem

Online lenders face a tough dilemma: make users wait a minimum of two days for funds to deliver or pay high fees to push funds over debit.

Solution

We created a free, instant loan service by switching from ACH to instant transfer.

Result

Users can immediately access their loan in order to make purchases or meet their cash flow needs, earning you significant interchange revenue. And because they have a “loan-on-demand” card available, they’ll look to you for future loans.

Bring more assets into your ecosystem by bridging the gaps between banking and investing

Problem

Users can’t invest without transferring money to a brokerage account, which takes days to arrive. By that time, the trade they wanted to make is long gone.

Solution

Q2 created a unique settlement flow with leading brokerages to allow near-instant funds transfers between banking and brokerage.

Result

Users can now trade using their checking accounts and cash their brokerage balance out to a debit card with ease.

Secure the loyalty of gig workers by offering tailor-made products

Problem

Gig workers are often left underserved by traditional players due to bespoke needs and relatively small balances and transactions.

Solution

Our proprietary cloud platform lowers the cost basis, and our modular API gives you the flexibility to build integrations for gig workers’ specific needs, such as invoice factoring, insurance, and cash flow management.

Result

We enable you to serve lower income and more complicated users profitably, and gig workers have a banking solution that helps them manage their growing independent business.

Give users faster access to wages while slashing ACH costs

Problem

Payroll companies are plagued by high costs because each employee paycheck requires a separate ACH disbursement that takes a long time to settle. And the reward for paying these high costs? Users leave the platform when they switch employers.

Solution

Rather than pay fee after fee, our system uses a unique settlement flow and a single ACH disbursement followed by multiple internal transfers into employee bank accounts. This allows payroll companies to give employees small advances on their paychecks and offer other rewards for free.

Result

This faster, simpler, and significantly less expensive payroll process opens up resources for more strategic investments. And early pay—along with other financial wellness tools like interest-bearing checking accounts—helps relieve users’ financial stress, avoid payday lenders, and stay engaged with your product.

Retain users by helping them take action to improve their financial lives

Problem

Most personal financial management products only show the state of a user’s finances and offer suggestions, which isn’t very useful and leads to poor engagement.

Solution

We’ve helped our clients build proactive financial assistants by providing real-time data and programmatic transaction controls.

Result

With more potential for action instead of mere suggestions, you can help users can make better financial decisions, meet their goals sooner, and find long-term value in your product.

Our young audience expects us to be on the cutting edge. The Q2 BaaS 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.

George Friedman, CEO Qapital
A COMPARISON OF CORES

Legacy Core Processors

  • Expensive
  • Difficult to use—or even understand
  • Restricts innovation
  • Leaves segments of consumers underserved

Q2’s CorePro API

  • Lowers costs with efficient cloud-based technology
  • Streamlined back end built to eliminate complexity
  • Middleware-free deployment lets innovation flourish
  • Allows you to serve nearly all user demographics profitably at scale
BUT THIS IS JUST THE BEGINNING

Banking as a Service is just one piece of a comprehensive fintech solution set. Effectively serve account holders and transform their lives with our other fintech solution set.

Compete in a disrupted space.

Disrupt the lending market with digital, on-demand loan services, instant approval, and faster access to cash. You handle the customer experience and funding source, we’ll give you the technology, flexibility, and backend scalability you need to succeed.

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Grow deposits and build relationships.

Acquiring new users is tough and costly, so don’t take them for granted. Build those relationships by locking down direct deposits and recurring payments. With our automated account switching solutions, it’s fast and easy to fully onboard, engage, and grow relationships.

Competing in the disrupted financial services landscape means being more than a bank or credit union. It means replacing half a dozen point-solution apps with something bigger.

It means becoming irreplaceable.

You can’t do it alone—but you won’t be.

Let’s do this.