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Treasury Prime Expands Bank Network by Adding KeyBank

Treasury Prime added KeyBank to its embedded banking network on February 27, 2025. The partnership enhances Treasury Prime's offering with accounts, payments, and a partner marketplace. It was described as a major milestone for scaling embedded banking programs for fintechs.

Feb 27, 2025

FIS Launches Atelio Embedded Finance Platform for Banks and Non-Financial Companies

FIS unveiled Atelio, a fintech platform providing building blocks for financial institutions and non-financial companies to embed financial services. The platform enables deposit collection, money movement, card issuance, invoicing, fraud prevention, and cash flow forecasting. KeyBank, College Ave, and RoyalPay Inc. were announced as lighthouse clients at launch.

May 7, 2024

KeyBank Expands Fintech Scouting for Embedded Banking Partnerships

KeyBank outlined its strategy for fintech partnerships and embedded banking, including its work with Qolo and prior acquisition of XUP Payments. The bank anticipates more M&A activity as fintechs seek profitability through bank partnerships. KeyBank's approach signals growing interest from traditional banks in structured fintech collaboration.

Apr 1, 2024

KeyBank Taps Qolo for Virtual Accounts and Digital Payments

KeyBank partnered with fintech infrastructure provider Qolo to offer virtual accounts and digital payments solutions. The partnership enables KeyBank to leverage Qolo's modern payment and account infrastructure. This represents a bank-fintech partnership model central to embedded finance and BaaS.

Apr 1, 2023

KeyBank Expands Embedded Banking Platform With Payment Facilitation

KeyBank launched its expanded embedded banking platform with end-to-end payment facilitation capabilities. The platform enables software companies to embed payments and lending, leveraging KeyBank's 2021 acquisition of XUP Payments. It offers digital merchant onboarding, risk management, and transaction reporting.

Jun 1, 2022

KeyBank Acquires Student Loan Fintech GradFin

KeyBank acquired GradFin, a fintech specializing in Public Service Loan Forgiveness counseling, to enhance its digital offerings for healthcare clients. The acquisition strengthens KeyBank's position in serving professional borrowers navigating federal loan programs. This deal reflects growing bank interest in acquiring niche fintechs to deepen client relationships.

May 9, 2022

KeyBank Acquires BaaS Payments Provider XUP Payments

KeyBank acquired XUP Payments, a B2B payments innovator and Banking-as-a-Service platform. The acquisition strengthens KeyBank's embedded payments and BaaS capabilities. XUP's platform enables businesses to integrate payment processing directly into their workflows.

Nov 22, 2021

KeyBank Closes Acquisition of Laurel Road Digital Lending Platform

KeyBank closed its acquisition of Laurel Road's digital lending platform, originally agreed in January 2019. The deal enables KeyBank to expand its digital lending capabilities and pursue Open Banking initiatives. Laurel Road specializes in student loan refinancing and personal loans via a fully digital experience.

Apr 1, 2019