CorePro delivers developer community an open, flexible,
cost-effective platform for financial services-related application
development
AUSTIN, Texas--(BUSINESS WIRE)--
Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of secure virtual
banking solutions for regional and community financial institutions,
today announced the launch of CorePro, its cloud-based, open API
platform for developers, financial services providers and emerging
financial technology companies. CorePro has been a multiyear initiative
and is the first offering of Q2 Labs, a newly formed product group
focused on spearheading digital-first financial services strategies
leveraging the CorePro platform.
Designed from the outset for the cloud, CorePro provides developers and
user experience (UX) teams the first bank-compliant open API platform
they need to rapidly design, create, test and deploy their own
applications around financial services products such as goal-driven
savings, high-yield savings, money market deposit accounts, CDs and DDA
accounts with debit cards.
CorePro offers access to the most critical components of a digital-first
banking strategy without the complexity and high-cost of legacy core
processing systems. The API is designed to acquire and service deposit
accounts at a fraction of the cost, and give customers and clients the
agility they need to innovate at their pace utilizing in-house staff,
third parties or the Q2 Labs team to help bring their ideas to life.
“Q2 believes in empowering banks, credit unions, fintech companies and
the development community with the easy-to-use, cost-effective tools
they need to implement innovative new products, particularly for the
fastest growing segment in the market today: millennials,” said Matt
Flake, CEO of Q2 Holdings. “With CorePro, we are encouraging advances
within financial services more broadly than ever before, reducing the
cost and time to market while dramatically improving opportunity to
improve the overall user experience which will help our customers
compete and grow.”
CorePro bridges the gap between traditional financial institutions,
which remain at the heart of Q2’s focus, and emerging financial services
companies. With CorePro, clients can begin to profitably onboard and
serve historically difficult demographic segments to bank, and can
deliver goal-based savings accounts through Q2’s UUX platform,
increasing engagement around savings, planning and overall financial
literacy for account holders.
CorePro is currently in use by entities such as Sallie Mae, H&R Block
and Qapital—which has partnered with Iowa-based Lincoln Savings Bank as
its bank of record.
“Working with a modern, API-based, fully compliant platform like CorePro
is critical to Qapital,” said Erik Akterin, co-founder and CTO of
Qapital. “Using CorePro, we designed, developed and launched our product
with speed and confidence, letting us focus on what Qapital does best:
Deliver an amazing customer experience.”
To learn more about CorePro and Q2 Labs, visit https://q2ebanking.com/q2-labs.
About Q2 Holdings, Inc.
Q2 Holdings, Inc. (Q2) is a leading provider of secure, cloud-based
virtual banking solutions headquartered in Austin, Texas. Q2 enables
community financial institutions to effectively engage with retail and
commercial account holders with the most comprehensive and adaptable
smart banking platform of its kind. Q2’s solutions are designed to
deliver a compelling, 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 www.q2ebanking.com.
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Source: Q2 Holdings, Inc.