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Investing in fintech. Investing in fintech. (Source: Shutterstock)

The $8.7 billion VyStar Credit Union in Jacksonville, Fla. said Tuesday it created a $10 million fund to invest exclusively in fintech companies.

“Investing in innovative companies allows VyStar to learn from and replicate pieces of their innovation methods,” Joe Colca, senior vice president of digital experience, said. ”These partnerships also allow VyStar to truly have a seat at the table to help ensure the products and services provide the maximum benefit to credit union members.”

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