KEYBANK AND QOLO PARTNER TO ADVANCE COMMERCIAL BANKING CAPABILITIES WITH VIRTUAL ACCOUNT MANAGEMENT

Group 1 - KeyBank has announced a strategic partnership with Qolo, marking a significant step in its decade-long strategy of investing in fintech providers [1][3] - The partnership includes a minority investment in Qolo, which is expected to enhance banking innovation and drive transformative solutions [1][3] - KeyVAM®, a technology-enabled cash management solution powered by Qolo, has processed nearly $9 billion in transactions since its launch, showcasing its success and impact in the market [2][3] Group 2 - KeyVAM® offers features such as automated reporting, reconciliation, and customizable virtual account structures, aimed at improving client experiences [2][3] - The collaboration between KeyBank and Qolo is focused on empowering businesses and financial institutions through technology, reinforcing their commitment to innovation in the banking industry [3][4] - KeyBank, with approximately $189 billion in assets as of March 31, 2025, operates a network of around 1,000 branches and 1,200 ATMs across 15 states [4][5]