KeyBank parent company to buy McLean data firm

KeyCorp to acquire AQN Strategies LLC

Published March 3, 2021 by Sydney Lake

Cleveland, Ohio-based financial services company KeyCorp announced Tuesday it will acquire McLean-based AQN Strategies LLC, a data and analytics firm focused on financial services established by Ben Sabloff and Nigel Morris, co-founder of Capital One and fintech venture capital firm QED Investors.

Financial terms of the transaction were not disclosed. Sabloff will serve as KeyCorp’s head of analytics.

AQN was founded in 2017 and provides data and analytics services to banks and fintech companies. KeyCorp is one of the nation’s largest bank-based financial services companies with approximately $170.3 billion in assets as of Dec. 31, 2020. It operates in 15 states and 1,000 branches and operates approximately 1,400 ATMs.

“The dynamic nature of our industry and the vast amounts of data available from our increasing digital environment require a relentless focus on insights and experimentation to drive customer value and create great customer experiences,” Ken Gavrity, KeyCorp head of payments and analytics, said in a statement.