Newline™ by Fifth Third Awarded Most Innovative Financial Institution by This Week in Fintech
Fifth Third Bank's Newline™ platform has been named Most Innovative Financial Institution at the 2024 This Week in Fintech Awards in New York. Newline™, an API-first platform for embedded payment and deposit solutions, has strengthened its market position through notable partnerships with Trustly and Stripe. The platform was also recognized as Best New Embedded Finance Platform by Tearsheet in September.
Fifth Third's commercial payments business currently handles $17 trillion in annual payments volume, demonstrating its significant presence in the financial technology sector. The Bank has a long history of providing innovative payment strategies and scalable technology solutions, particularly in e-commerce.
Fifth Third Bank ha ricevuto il premio per l'Istituzione Finanziaria più Innovativa agli This Week in Fintech Awards 2024 a New York, grazie alla sua piattaforma Newline™. Newline™, una piattaforma API-first per soluzioni di pagamento e deposito integrate, ha rafforzato la sua posizione di mercato attraverso importanti collaborazioni con Trustly e Stripe. Inoltre, la piattaforma è stata riconosciuta come la Migliore Nuova Piattaforma di Finanza Integrata da Tearsheet nel mese di settembre.
Il business dei pagamenti commerciali di Fifth Third gestisce attualmente un volume di pagamenti annuale di 17 trilioni di dollari, dimostrando la sua significativa presenza nel settore della tecnologia finanziaria. La banca vanta una lunga storia nell'offerta di strategie di pagamento innovative e soluzioni tecnologiche scalabili, in particolare nell'e-commerce.
Fifth Third Bank ha sido reconocida como la Institución Financiera más Innovadora en los premios This Week in Fintech 2024 en Nueva York, gracias a su plataforma Newline™. Newline™, una plataforma centrada en las API para soluciones de pagos y depósitos integrados, ha fortalecido su posición en el mercado mediante asociaciones destacadas con Trustly y Stripe. La plataforma también fue reconocida como la Mejor Nueva Plataforma de Finanzas Integradas por Tearsheet en septiembre.
El negocio de pagos comerciales de Fifth Third maneja actualmente un volumen de pagos anual de 17 billones de dólares, demostrando su presencia significativa en el sector de la tecnología financiera. El banco tiene una larga historia de proporcionar estrategias de pago innovadoras y soluciones tecnológicas escalables, especialmente en el comercio electrónico.
Fifth Third Bank의 Newline™ 플랫폼은 2024년 뉴욕에서 열린 This Week in Fintech Awards에서 가장 혁신적인 금융 기관으로 선정되었습니다. Newline™은 API 우선 플랫폼으로, 통합 결제 및 예치 솔루션을 제공합니다. 이 플랫폼은 Trustly 및 Stripe와의 두드러진 파트너십을 통해 시장 내 입지를 강화했습니다. 또한 이 플랫폼은 9월에 Tearsheet로부터 최고의 새로운 통합 금융 플랫폼으로 인정받았습니다.
Fifth Third의 상업 결제 비즈니스는 현재 연간 17조 달러의 결제량을 처리하고 있으며, 이는 금융 기술 분야에서의 중요한 존재감을 나타냅니다. 이 은행은 혁신적인 결제 전략과 확장 가능한 기술 솔루션을 제공한 오랜 역사를 가지고 있으며, 특히 전자 상거래에서 두각을 나타냅니다.
Fifth Third Bank a été nommée Institut Financier le Plus Innovant lors des This Week in Fintech Awards 2024 à New York grâce à sa plateforme Newline™. Newline™, une plateforme axée sur les API pour des solutions de paiement et de dépôt intégrées, a renforcé sa position sur le marché grâce à des partenariats notables avec Trustly et Stripe. La plateforme a également été reconnue comme la Meilleure Nouvelle Plateforme de Finance Intégrée par Tearsheet en septembre.
Le secteur des paiements commerciaux de Fifth Third gère actuellement un volume de paiements annuel de 17 billions de dollars, démontrant sa présence significative dans le secteur de la technologie financière. La banque a une longue histoire de fourniture de stratégies de paiement innovantes et de solutions technologiques évolutives, en particulier dans le commerce électronique.
Fifth Third Bank wurde bei den This Week in Fintech Awards 2024 in New York als die innovativste Finanzinstitution ausgezeichnet, dank ihrer Plattform Newline™. Newline™, eine API-first Plattform für integrierte Zahlungs- und Einzahlungslösungen, hat ihre Marktposition durch bemerkenswerte Partnerschaften mit Trustly und Stripe gestärkt. Die Plattform wurde auch im September von Tearsheet als beste neue integrierte Finanzplattform anerkannt.
Das gewerbliche Zahlungswesen von Fifth Third bearbeitet derzeit ein jährliches Zahlungsvolumen von 17 Billionen Dollar, was seine bedeutende Präsenz im Bereich der Finanztechnologie zeigt. Die Bank hat eine lange Geschichte in der Bereitstellung innovativer Zahlungsstrategien und skalierbarer Technologielösungen, insbesondere im E-Commerce.
- Won Most Innovative Financial Institution award at 2024 This Week in Fintech Awards
- Secured strategic partnerships with major players Trustly and Stripe
- Processes $17 trillion in annual payments volume
- Received Best New Embedded Finance Platform award from Tearsheet
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Insights
The award for Most Innovative Financial Institution validates Fifth Third's strategic pivot towards API-first banking solutions through Newline™. The platform's partnerships with major fintech players like Stripe and Trustly demonstrate significant market penetration in the embedded finance space. With
The collaboration with Stripe Treasury particularly stands out as it opens access to Stripe's massive merchant network, potentially driving significant revenue growth through embedded financial services. This modernization of Fifth Third's technology stack could help capture market share from both traditional banks and fintech competitors, while creating new revenue streams through API monetization.
While industry awards alone don't typically move stock prices, the broader strategic implications here are significant. Fifth Third's Newline™ platform represents a important modernization effort that positions the bank competitively in the rapidly growing embedded finance market, projected to reach
The
The This Week in Fintech Awards seek to recognize the best of the industry and showcase the most groundbreaking technologies, services and partnerships of 2024. Awards were given for Fintech of the Year, Best New Startup, Best New Fintech Partnership and Most Innovative Financial Institution. Founded in 2019, This Week in Fintech is an international digital media platform providing insights, news and forecasts about the financial technology industry.
“At Newline, we’re reinforcing our leadership position in the fintech industry,” said Tom Bianco general manager of Newline™ by Fifth Third. “Industry recognition from leaders like This Week in Fintech reflect the dedication and effort our team commits to meeting our client’s needs through an innovative and consultative approach.”
Earlier this year, Newline™ by Fifth Third announced it had been selected by Trustly, a leading open banking platform, to expand the platform’s capabilities. Additionally, Stripe selected Newline to power Stripe Treasury and expand embedded financial services for its platform users and clients. In September, Tearsheet named Newline™ by Fifth Third its Best New Embedded Finance Platform winner.
Fifth Third’s commercial payments business currently processes
About Newline™ by Fifth Third Bank
Newline is an API platform that enables enterprises to launch payment, card, and deposit products directly with Fifth Third Bank. Launched after Fifth Third’s acquisition of Rize Money in 2023, Newline has reinvented bank technology and embedded payments, combining the best in fintech innovation with a trusted banking relationship.
About Fifth Third
Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it’s one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few
Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank, and its common stock is traded on the NASDAQ® Global Select Market under the symbol "FITB." Investor information and press releases can be viewed at www.53.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241216083433/en/
Adrienne Gutbier (Media Relations)
adrienne.gutbier@53.com | 513-534-8038
Matt Curoe (Investor Relations)
matt.curoe@53.com | 513-534-2345
Source: Fifth Third
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