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Keycorp Engages Third-party for Racial Equity Audit
In an effort to continue advancing its diversity, equity and inclusion priorities, KeyCorp (NYSE: KEY) announced today that it has commissioned an external, third-party racial equity audit.
“This engagement is an important next step in our journey to advance our diversity, equity and inclusion efforts, while holding ourselves accountable for addressing areas of opportunity,” said Chris Gorman, KeyCorp Chairman and Chief Executive Officer. “We remain focused on delivering impactful and sustainable DE&I programs and initiatives – inside and outside our company. This critical work will make sure we continue to deliver better outcomes while investing in our teammates and the communities we proudly serve and call home.”
The audit will be conducted by Covington & Burling LLP, a nationally recognized law firm with deep experience leading civil rights and racial equity audits across various industries. KeyCorp plans to publish the results of the audit by the end of the second quarter in 2024. The audit will include input from a variety of internal and external stakeholders, including representatives from the Service Employees International Union Master Trust (SEIU) and other community groups.
- Recent actions taken to support KeyCorp’s commitment to racial justice and DE&I include:
- In 2021, we committed to increasing representation of people of color in our senior leadership roles by 25% over the next five years and 50% over the next 10 years. In our initial 18 months, we increased representation by 36%. We remain committed to reaching our 10-year goal.
- Key ranked 22nd on DiversityInc’s “Top 50 Companies for Diversity.” The 2023 recognition marks the fourteenth time and tenth consecutive year KeyBank was named a Top 50 Company.
In 2022, 12% of our spend was associated with diverse suppliers and partners, exceeding our annual goal of 8%. - Our employees volunteered more than 90,000 hours and participated in more than 500 events during our 31st Neighbors Make the Difference Day in 2022. Our employees also contributed more than $4.5 million to nonprofits around the world, including matching gifts from Key.
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88% of UK Customers Would Switch Banks Due to Financial Crime Failures, ThetaRay Report Finds
ThetaRay, a global leader in AI financial crime compliance, today released The ThetaRay UK Banking & Fintech Trust Report 2026. The findings, launchedon the eve of The Global RegTech Summit, reveal a systemic shift in consumer behavior: 88% of UK customers are prepared to abandon their primary financial institutions over failures in preventing money laundering or terrorist financing.
Axiology and Profitus Set Baltic Record with €3.4M Digital Bond
Axiology, the financial technology company specialising in distributed ledger technology (DLT) infrastructure for capital markets has registered a record-breaking digital bond, funded through the leading crowdfunding platform in Lithuania – Profitus. The bond was registered by Axiology and distributed through Profitus, closing at a final value of €3.4 million. It is secured by shares in companies owned by Lithuanian Shark Tank investor Gediminas Kvietkauskas.
Equifax and Mifundo Open Access to Brazilian Credit Data for European Banks
Mifundo, a pan-European credit data platform, has integrated credit data from Equifax BoaVista, subsidiary of Equifax Inc. in Brazil, enabling European banks to access verified Brazilian credit information as part of their credit assessment processes.
Triathlon Ireland Reduces Financial Reporting From Days to Minutes with AccountsIQ
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Souhoola Opens Its New Branch at City Stars, Expanding the Reach of Its Financial Services Across the Egyptian Market
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Sygnum Completes First Live AI-Agent Driven Digital Asset Transactions by a Regulated Swiss Bank
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AS Colour Partners with Adyen to Complete the Global Customer Picture
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The Rise of Private Credit and the Need for Flexible Loan Servicing
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88% of UK Customers Would Switch Banks Due to Financial Crime Failures, ThetaRay Report Finds
ThetaRay, a global leader in AI financial crime compliance, today released The ThetaRay UK Banking & Fintech Trust Report 2026. The findings, launchedon the eve of The Global RegTech Summit, reveal a systemic shift in consumer behavior: 88% of UK customers are prepared to abandon their primary financial institutions over failures in preventing money laundering or terrorist financing.
Axiology and Profitus Set Baltic Record with €3.4M Digital Bond
Axiology, the financial technology company specialising in distributed ledger technology (DLT) infrastructure for capital markets has registered a record-breaking digital bond, funded through the leading crowdfunding platform in Lithuania – Profitus. The bond was registered by Axiology and distributed through Profitus, closing at a final value of €3.4 million. It is secured by shares in companies owned by Lithuanian Shark Tank investor Gediminas Kvietkauskas.
Equifax and Mifundo Open Access to Brazilian Credit Data for European Banks
Mifundo, a pan-European credit data platform, has integrated credit data from Equifax BoaVista, subsidiary of Equifax Inc. in Brazil, enabling European banks to access verified Brazilian credit information as part of their credit assessment processes.
SGX FX Adopts Chainlink to Make its Premium OTC FX Data Available to Thousands of On-chain Apps
SGX FX, a leading technology partner for the global institutional FX ecosystem, has adopted Chainlink, the industry-standard oracle platform, to broaden access to its OTC FX data and support greater flexibility in how institutional participants consume trusted market information.
Triathlon Ireland Reduces Financial Reporting From Days to Minutes with AccountsIQ
Triathlon Ireland, the national governing body of triathlon and multi-sport in Ireland, hosting 250+ events nationwide and supporting 20,000 athletes has automated its financial reporting with AccountsIQ’s cloud accounting software.
MoneyHash Names Hwan Lee Regional Director for Africa
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