Fifth Third to Offer Commercial Card and Financial Technology Powered by Brex

Core Insights - Fifth Third Bank has partnered with Brex to offer a commercial card that integrates with Brex's intelligent finance platform, enhancing financial management for commercial banking clients [1][2][3] Group 1: Partnership Details - The collaboration allows Fifth Third's clients to issue corporate cards, automate expense management, and make real-time payments using AI agents to streamline processes [2][3] - The Brex-powered commercial card will be the default solution for Fifth Third's commercial banking clients, emphasizing the need for financial platforms that support business growth [3] Group 2: Market Impact - Fifth Third Bank holds an 8% share of the U.S. commercial banking sector, indicating significant market presence and potential for the partnership to deliver scalable financial solutions [3] - Brex's recent launch of Brex Embedded aims to integrate corporate card and payment capabilities into software platforms, enhancing global payment processing for businesses [4] Group 3: Financial Performance - Brex secured a $235 million credit facility in January to expand its offerings in corporate cards and expense management solutions, reflecting ongoing growth momentum [5] - Fifth Third's third quarter results showed a 3% increase in commercial payments fees and a 31% rise in revenues from its embedded finance platform, Newline [6]