Q2 announced its Q2 Open offering. Q2 Open is a fintech API portfolio designed to bring banking features to third party app developers and financial institutions. Through an API-first approach, Q2 can deliver debit, savings, ledger, and billing services efficiently to institutions of all sizes.
For decades client information related to bank accounts was kept confidential to third parties. It was hard for third parties to get this information in a trusted and verified way. This article looks at the main types of data accessible via banking APIs and their current and potential use cases.