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KeyBank Takes Equity Stake in Payment Cycle Firm BillTrust

Bank Innovation

Cleveland-based KeyBank announced a partnership with cloud-based payment cycle management firm BillTrust, with KeyBank taking an equity stake in the firm, the companies said yesterday in a statement. This is the latest in a series of fintech partnerships for KeyBank, according to the company, and will allow […].

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Bahamas Launches Digital Sand Dollar; Adds To Rise Of Central Bank Digital Currencies

PYMNTS

This week, FinTech EMTECH said it’s launching a compliance platform in collaboration with Microsoft to help central banks test their respective CBDCs. In other CBDC efforts, as reported in the fall , China’s central bank issued 10 million yuan ($1.5 million) of digital currency to 50,000 people chosen by lottery.

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5 Questions With… KeyBank Consumer and Digital CIO Kim Snipes

BankInovation

The Cleveland-based bank had a digitally driven calendar year, partnering with Laurel Road for an online lending platform in March 2021 and acquiring payments fintech XUP Payments in November 2021. Technology investment at KeyBank is nothing if not dynamic.

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PYMNTS Daily Data Dive: The Underbanked Still A Problem In The US

PYMNTS

The Council of Economic Advisors considers the change in the number of unbanked or underbanked to be heading in the right direction thanks to direct deposit, community development funding, and the efforts of the FinTech industry, but Bonnie Blankenship of the Cleveland Fed begs to differ.

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KeyBank On Digitizing In-Person Services With Data Analytics

PYMNTS

billion in small business aid from Commonwealth Bank and a host of free help being provided by FinTechs to help through the ongoing crisis. FinTechs are coming to the rescue with a variety of free services and programs, including enterprise software firm Temenos. Developments From Around The World Of Digital-First Banking.

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Facebook Faces Billions In Possible GDPR Fines

PYMNTS

Also in Europe, the European financial markets regulator has said that it wants to spend one million euros to promote market stability in the region as pertains to cryptocurrencies and FinTechs. The one million euros will be spent through 2019, according to reports. Banking, Eyed by the Fed. community banks and small business lending.

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5 questions with … KeyBank EVP of Payments Brandon Nowac

BankInovation

KeyBank Executive Vice President of Payments Brandon Nowac is focused on delivering tech-forward automation solutions to the bank’s third-party fintech partners and forming additional partnerships in the year ahead.