KeyBank, a subsidiary of KeyCorp, has announced a strategic partnership with Qolo, a leader in payment cycle management solutions, by making an equity investment in the company. This collaboration aims to enhance innovation in the banking sector and follows their successful launch of KeyVAM®, a technology-enabled cash management solution developed with Qolo. The investment underscores KeyBank's commitment to partnering with fintech providers to deliver transformative banking solutions. While terms of the investment were not disclosed, the partnership marks a significant step in KeyBank's decade-long strategy of integrating cutting-edge technologies to improve client experiences.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.