As part of our effort to embrace a more unified brand structure, Q2 is bringing its Banking-as-a-Service (BaaS) offering under the Q2 brand banner—as Q2 BaaS. In doing so, we are creating an opportunity to respond to special market needs during a unique moment in time.
Q2’s CorePro core technology, which powers Q2’s innovative onboarding, deposit processing, debit card, and payment solutions, will continue to serve as the backbone for Q2 BaaS efforts. This will allow Q2 to market reliable, easy to use, flexible solutions to fintechs, innovative brands, and global corporations who value working with credible, highly secure organizations with deep financial experience.
As part of this transition, Q2 and StoneCastle will dissolve their existing partnership, known as Cambr. Both organizations will continue to support existing customers, though, and look forward to the possibility of sharing future opportunities to innovate together.
Q2 will continue to provide its CorePro core technology to fintechs seeking an end-to-end BaaS solution. With CorePro, we can serve the entire program as we have since its inception – what has changed is the exclusivity on how we go to market. As we move forward with Q2 BaaS, we have more flexibility in partnering and will continue to work with leading providers like Stonecastle.
Q2 is eager to make the most of this exciting opportunity and is equipped to provide increased levels of support for fintechs and other BaaS market leaders. We will focus on steady growth and operational excellence for at-scale companies seeking to differentiate and innovate quickly. As a growing technology provider to fintechs and other BaaS providers, Q2 believes more and more financial services organizations will embrace the BaaS approach, knowing they can bring new financial products to market quickly and better compete.