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KeyBank snapping up personal finance platform from Morningstar

Cleveland-based KeyBank NA is acquiring the personal finance platform HelloWallet from Morningstar Inc.

KeyBank has had an exclusive partnership with HelloWallet since 2015 and has been the service's biggest customer. HelloWallet will continue to operate out of Chicago and Washington, D.C., with roughly 36 employees set to join KeyBank once the deal closes.

A May 31 news release on the deal did not disclose the terms of the transaction. The pending purchase is subject to customary closing conditions.

KeyBank NA is a unit of KeyCorp.