Venture capital firm QED Investors has partnered with Fifth Third Bank to advise the bank on its fintech strategy; QED Investors has worked with Fifth Third Bank on previous fintech acquisitions; Fifth Third Bank will work with QED Investors to identify new opportunities for fintech innovation and promote growth of US fintech companies. Source
Fifth Third Bank will fund loans on the platform and also receive platform borrower referrals; in December 2016, Fifth Third Bank participated in a $16.5 million Series B funding round supporting ApplePie Capital; the ApplePie Capital lending platform was established in January 2015 and specializes in loans to franchise businesses across the United States; it has partnered with over 60 franchise brands and financed over $100 million for franchise businesses. Source
More than $445bn was lost to cyber crime last year, a 30 percent increase from three years earlier; banks have...
In the coming months Cincinnati-based Fifth Third bank will hire 200 new tech workers as it continues to invest in...
Fifth Third Bank CEO says the $167.8bn asset bank does not need to add a digital only offering as they...
Fifth Third Bank will expand its partnership with Accion US Network which provides access to a network of small businesses; the initiative will focus on increased lending for underserved small businesses in Florida, Indiana, Illinois, Michigan and Ohio; the effort is also an extension of the bank's five-year, $30 billion Community Commitment and will utilize $10 billion allocated to small business lending, product innovation and enhanced underwriting and fulfillment for this alternative lending channel. Source
The app is designed to help users pay down student loan debt; it links with customers' debit cards and rounds up purchases as spare change which is then used to make weekly payments to student loans; the bank will market the app to target millennials and add new customers. Source
Dobot was launched in 2016 and was acquired by regional bank Fifth Third Bank last year; the app is designed...
Money Dashboard integrates with Revolut and Marcus; hires CFO Fifth Third Bank Files Application with Office of the Comptroller of...
Fifth Third Bank has struck a partnership with fintech Fundation to offer small business loans and lines of credit; Fifth...