Q2 reports year-over-year growth of Q2 Innovation Studio

Q2 Holdings announced rapid year-over-year growth of Q2 Innovation Studio as a result of financial institutions’ increased need to attract, retain and grow customer relationships and deposits. Based on 2022 metrics, financial institutions procured more than 420 partner solutions, which is an increase of approximately 110 percent year over year. In addition, as of March 31, 2023, the number of consumers and small businesses utilizing fintech solutions through Q2 Innovation Studio has increased more than 100 percent year over year. Multiple financial institutions have reported generating $1 million or more in positive financial impact from Q2 Innovation Studio through a combination of non-interest fee income, cost savings and operational efficiencies.