This investment in Qolo’s capabilities provides KeyBank’s customers the capability to instantly create advanced virtual accounts, and to seamlessly connect to underlying payment modalities, including real-time payments (RTP), ACH and wire transfer.

“KeyBank selected Qolo for our shared commitment to delivering new products and services that help businesses innovate and enhance their operations,” said Jon Briggs, Head of Commercial Product & Innovation at KeyBank. "The integration of Qolo into KeyBank’s APIs is another proof point in our embedded banking strategy, allowing clients to streamline and scale their strategies by utilizing our digital payment tools to power innovation in their platforms.”

“Qolo’s partnership with KeyBank will bring our leading card issuing, omnichannel payments, and flexible virtual accounts to more fintechs and businesses looking to quickly launch and scale revenue-generating digital banking services,” said Patricia Montesi, Qolo CEO, adding “We are excited to power this intrinsic component of KeyBank’s next-generation digital offering.”

Together, KeyBank and Qolo will bring to market the power of advanced digital-first financial solutions paired with the scale and security of a top-tier financial institution.