Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

KeyBank Accelerates Small Business Lending With New Digital Capabilities

KeyBank Accelerates Small Business Lending With New Digital Capabilities

Bolstr’s technology platform boosts KeyBank’s commitment to small businesses and supercharges SBA lending in local market branches

CLEVELAND- KeyBank today announced the acquisition of a digital lending platform for small businesses created by Bolstr. The fintech software, expected to be implemented in 2018, will enable KeyBank to provide faster and easier access both to SBA loans and to traditional capital for business owners.

This move accelerates KeyBank’s ability to serve small businesses by expanding their access to capital and quickly delivering credit solutions through an online application process and enhanced digital capabilities.

“KeyBank is deeply committed to helping small businesses thrive and to providing them with the funding they need to grow,” said Jamie Warder, Head of KeyBank Business Banking. “Bolstr’s technology transforms the small business lending process and allows us to more efficiently serve small businesses for their SBA and traditional lending needs.”

Founded in 2010, Bolstr was designed to provide flexible loans that are specially tailored to small business owners. With Bolstr’s technology, KeyBank will be able to digitally accept and process loan applications significantly faster, greatly reducing the time and paperwork it takes to process these requests.

“We are excited to work with an organization that is dedicated to helping communities and small businesses prosper,” said Charlie Tribbett, co-founder of Bolstr. “By combining our digital expertise and KeyBank’s industry knowledge, business owners will receive exceptional service and the efficient lending experience they need to be successful.”

“KeyBank is continually looking for fintech relationships with services that make it easy for clients to do business, and for KeyBank to deliver real financial solutions,” said Jason Rudman, KeyBank’s Director of Consumer Payments and Digital Banking. “We know small business owners appreciate the ease of digital banking to help them grow their business and our focus is on finding ways to expand our digital platform to facilitate that growth.”

Terms of the purchase have not been disclosed.

In 2017, KeyBank launched a $16.5 billion National Community Benefits Plan, including a $2.5 billion commitment to small business lending over five years. KeyBank is a top 10 SBA 7 (a) lender nationally, with the unique ability to offer clients the whole bank, from cash flow to commercial real estate to wealth management solutions.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post