Q2 Expands Strategic Partnership with AWS to Enhance Digital Banking Innovation

Q2 Holdings Inc. (NYSE: QTWO), a leading provider of digital transformation solutions for the financial services industry, has announced an expanded strategic partnership with Amazon Web Services, Inc. (AWS), a subsidiary of Amazon.com, Inc. (NASDAQ: AMZN). This collaboration aims to further drive innovation for Q2’s bank, credit union, and fintech clients.

As part of this partnership, AWS and Presidio, a premier technology solutions provider and Amazon Partner Network consulting partner, will support Q2 in enhancing its use of the AWS platform. This will include powering Q2’s digital banking products and its Q2 Innovation Studio solutions.

Q2 will leverage AWS’s cutting-edge technology, including generative artificial intelligence (AI), to help financial institutions automate critical tasks and deliver enhanced services to both consumer and business clients.

“Q2 is enabling regional and community banks to use AI technology to make more informed, data-driven decisions, ultimately creating more personalized banking experiences,” said Scott Mullins, General Manager of Financial Services at AWS. He emphasized that AWS’s generative AI capabilities, which are built with top-tier security and privacy, empower banks to automate routine processes and focus more on client services. “We’re excited to see Q2 continue to drive innovation for the financial institutions that play a vital role in local economies,” Mullins added.

By integrating advanced technologies such as Amazon SageMaker for fraud detection and Amazon Bedrock for AI-powered solutions, Q2 is enabling financial institutions to harness their data for more effective decision-making. For example, Q2’s fraud detection tool, Q2 Sentinel, monitors user behavior to identify fraudulent activities, while Q2’s Andi Copilot suite automates workflows for commercial banking.

Jordan Hager, Senior Vice President of Global Technology at Q2, commented, “Cloud and AI technologies are transforming banking, but they need industry expertise to deliver meaningful results. AWS provides the security, privacy, and performance we rely on, while also helping us accelerate innovation in areas like generative AI.”

Q2, an AWS customer for over six years, is expanding its use of AWS by migrating and modernizing more than 50,000 services, including its Q2 Innovation Studio and Partner Marketplace platform, providing comprehensive financial data and open banking services.