KeyBank has recently announced a minority investment in Qolo, a fintech company, to further enhance their partnership. This investment comes on the heels of the successful launch of KeyVAM, a virtual account management platform developed in collaboration with Qolo for KeyBank’s treasury clients last year.
The partnership between KeyBank and Qolo has proven to be fruitful, with the introduction of KeyVAM providing innovative solutions for treasury management. By expanding their collaboration through this minority investment, KeyBank aims to strengthen their position in the fintech space and continue delivering cutting-edge financial services to their clients.
Qolo, known for its expertise in digital payments and financial technology, has been a key player in driving innovation within the industry. The investment from KeyBank not only signifies their confidence in Qolo’s capabilities but also demonstrates their commitment to staying at the forefront of technological advancements in finance.
This strategic move is expected to have a positive impact on KeyBank’s offerings, allowing them to better serve their clients with enhanced digital solutions. By leveraging Qolo’s technology and expertise, KeyBank can further streamline their treasury management processes and provide a seamless banking experience for businesses.
Overall, the minority investment in Qolo marks a significant milestone for KeyBank as they continue to prioritize innovation and collaboration in the ever-evolving financial landscape.
References:
– The Latest. “KeyBank expands Qolo partnership with minority investment.” https://www.americanbanker.com/news/keybank-expands-qolo-partnership-with-minority-investment
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