The $181.2 billion-asset company said in a press release Monday
that it bought GradFin, a Philadelphia company created in 2015. Key did not
disclose the price it paid.
GradFin
specializes in working with financial advisers and their clients.
"GradFin
combines the best of digital and human interaction to create a unique client
experience," Jamie Warder, KeyCorp’s head
of digital, said in the release.
"Advisers
thoroughly understand the economic environment as well as the specific needs of
healthcare providers, while the digital platform provides fast and effective
solutions for debt relief and government forgiveness programs,” Warder added. “This
approach perfectly fits Key's commitment to seamless client interactions and
provides for a best-in-class experience."
KeyCorp
bought Laurel Road’s student loan refinancing platform in 2019, eventually expanding
it into a standalone digital bank that focuses on medical professionals.
The
company has also bought XUP, a company that develops software tied to business-to-business
payments, and data and analytics startup AQN Strategies.
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