New strategic partnership enables Bangor Savings Bank to expand its BaaS capabilities, advance operational efficiencies, and broaden access to innovative fintech collaborations
Helix by Q2 , an award-winning, cloud-native core purpose-built for embedded finance, announced that Bangor Savings Bank has chosen Helix as one of its Banking as a Service (BaaS) platform partners to help power its expansion of fintech solutions.
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Founded in 1852 and with more than $7 billion in assets, Bangor Savings Bank has spent the past several years building a strong foundation for its BaaS program. the bank specializes in providing tailored BaaS solutions for fintech companies, ensuring they receive the support they need to grow with reliable financial services. As part of its ongoing commitment to expanding BaaS capabilities, Bangor Savings Bank has selected Helix as a new strategic platform provider. This addition strengthens the bank’s ability to deliver innovative embedded finance solutions and scale its digital partnerships. Helix will help Bangor Savings Bank reach more fintechs and create cutting-edge financial experiences for customers and businesses across the country.
The bank selected Helix for its demonstrated success in powering leading fintech programs, enhancing operational efficiency, driving automation, and delivering consistently successful implementations.
“Helix really stood out to us as a leader in the cloud-native core space,” said Ryan Dumond, SVP, Director Bank-FinTech Partnerships at Bangor Savings Bank. “From our very first conversations, it was clear they had the experience, the reliability, and the tools needed to expand our BaaS program offerings.”
This partnership underscores Helix’s ability to serve as a bridge between innovative banks and fintechs. By combining Helix’s cloud-native, API-first core with Bangor Savings Bank’s commitment to responsible growth and community-first values, the two organizations are poised to deliver financial products that make finance more human and help fintechs thrive at scale.
“Bangor Savings Bank is a unique and forward-thinking financial institution that has proven success in building and launching a BaaS business,” said Ahon Sarkar, General Manager of Helix by Q2. “Their approach to BaaS reflects a level of maturity that will resonate with fintechs looking for a long-term partner. We’re thrilled to be on that journey together.”
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