KeyBank completes purchase of fintech business

KeyBank N.A.’s acquisition of a digital lending business is now complete.

The No. 2 largest bank in Western New York purchased the business from Laurel Road Bank in Connecticut. The digital platform – which was launched in 2014 and to date has more than $4 billion in total loan originations – helps medical professionals refinance student loans.

In a release, KeyBank said the deal will help the company grow in three ways – by expanding its national, digital-only lending services, enhancing…

from Fort Lauderdale Real Estate News & Residential Real Estate News – Residential Real Estate News Headlines | & Banking & Financial News – Banking & Financial News Headlines |

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