Q2 Holdings announced on November 12, 2025 that Bangor Savings Bank, a Texas‑based regional bank with more than $7 billion in assets, has selected the company’s Helix cloud‑native core platform as its new Banking‑as‑a‑Service (BaaS) partner. The deal positions Bangor to broaden its fintech offerings and accelerate the deployment of embedded financial services across its customer base.
Bangor Savings Bank has been building a BaaS program for several years, partnering with Treasury Prime in February 2023 and adding 23 fintech programs within nine months. The bank’s strategy is to combine community‑bank values with modern financial solutions, and the Helix partnership will provide a ready‑made banking foundation that supports accounts, cards, payments, and data controls. Bangor plans to integrate Helix modules over the next 12 months, with a projected go‑live for core banking APIs by the end of 2026.
For Q2, the partnership is a high‑profile customer win that underscores demand for Helix amid a growing BaaS market projected to reach $74.8 billion by 2030. Q2’s Q3 2025 results—released on November 5—showed revenue of $201.7 million, up 15% year‑over‑year, and a GAAP net income of $15.0 million, a turnaround from prior losses. Management cited strong sales execution, renewed demand for fraud solutions, and a focus on AI and innovation as drivers of the rebound. The company has raised its full‑year 2025 guidance, reflecting confidence in scaling its platform and capturing new revenue streams.
Bangor’s adoption of Helix will enable the bank to offer fintech partners a robust embedded‑finance stack, accelerating product time‑to‑market and deepening customer engagement. The partnership aligns with Bangor’s goal of expanding its BaaS capabilities beyond its existing Treasury Prime collaboration, positioning the bank to serve a broader fintech ecosystem and generate additional fee‑based revenue.
The BaaS market continues to attract attention from both traditional banks and fintechs. Competitors such as Plaid, Stripe, and traditional banking platforms are vying for market share, but Helix’s API‑first, cloud‑native architecture gives Q2 a differentiation advantage. Analysts note that Q2’s recent earnings beat and guidance raise signal strong demand for its platform, while the partnership with Bangor further validates the company’s strategy to become a leading BaaS provider for regional banks.
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