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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. Terms of KeyBank’s equity investment were not disclosed.

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18 Corporate Innovation Labs In Healthcare

CB Insights

One solution: in-house healthcare innovation labs. We put together a list of healthcare innovation labs from new entries to the field, as well as some of the oldest — and most familiar — names in health. Sometimes corporate innovation goes wrong , and we’ve written about corporate innovation theater before.

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Are Fortnite Concerts The Future Of Live Music?

PYMNTS

But Travis Scott managed a concert-first earlier this year when as he performed virtually for 12.3 The company hopes that even when arenas and theaters open again, musical acts of all kinds will play the Fortnite virtual stage in exactly the same way they might play Cleveland or New York. million fans on video game platform Fortnite.

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Visa’s PayWorks Acquisition, Amazon’s Prime Day Top This Week’s News

PYMNTS

Cleveland-based regional banking firm KeyCorp disclosed a massive instance of fraud that could potentially come at a cost of $90 million. The plan is to fully integrate the cloud-based processing solutions of PayWorks with Visa’s CyberSource digital payment management platform and large acquirer base. and closed at $204.87.

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Afraid of Small Business Lending? Mid-Market Lenders Shouldn’t Be

FICO

Is small business growth slowing due to lack of innovation and initiative? In fact, 75% of small businesses that are customers of small banks or credit unions are “highly satisfied” with their lending relationship, according to a survey at the Federal Reserve Bank of Cleveland. That seems unlikely.

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Not a Session at Acquire or Be Acquired: Culture

Jeff For Banks

When Raphael Reznek, CIO of Mascoma Bank, spoke about the biggest challenge to launch online account opening: "our internal culture". Mike Butler of Radius, although a lifelong banker, came from outside of the region and implemented a business model and cultural change at his bank with new management and a "fast fail" innovation culture.