News Brief: Fifth Third Partners with Brex for Commercial Card Services
Summary
Fifth Third Bank has entered a partnership with fintech company Brex, appointing Brex as the exclusive provider of commercial cards and expense management tools for its business clients. This collaboration leverages Brex’s AI-powered platform and occurs as Fifth Third pursues its acquisition of Comerica, which will significantly expand its size.
Key Points
- Partnership Core: Brex will supply commercial cards and expense management solutions to Fifth Third’s business customers.
- Technology Platform: Services will be delivered via Brex’s embedded payments platform, utilizing AI for card issuance and automated expense reporting.
- Strategic Shift: The deal exemplifies how traditional banks are partnering with fintechs to meet modern client tech demands instead of building in-house systems.
- Bank Expansion: Fifth Third is acquiring Comerica; upon completion, it will become the 9th largest U.S. bank with roughly $288 billion in assets.
- Leadership Quote: CEO Tim Spence stated the partnership aims to “redefine how companies leverage financial technology” by merging bank strength with AI-driven innovation.
- Financial Terms: The specific financial details of the agreement were not disclosed.
新闻简报：Fifth Third 与 Brex 合作推出商业卡服务
摘要
Fifth Third 银行已与金融科技公司 Brex 建立合作伙伴关系，指定 Brex 为其商业客户提供商业卡和费用管理工具的独家服务。此次合作利用了 Brex 人工智能驱动的平台，同时 Fifth Third 正在推进对 Comerica 的收购，这将使其规模大幅扩大。
关键要点
- 合作核心：Brex 将为 Fifth Third 的商业客户提供商业卡和费用管理解决方案。
- 技术平台：服务将通过 Brex 的嵌入式支付平台提供，利用人工智能进行发卡和自动化费用报告。
- 战略转变：这笔交易 exemplifies 传统银行为满足客户现代技术需求，正选择与金融科技公司合作，而非自行构建内部系统。
- 银行扩张：Fifth Third 正在收购 Comerica；完成后，它将凭借约 2880 亿美元的资产成为美国第九大银行。
- 管理层表态：首席执行官 Tim Spence 表示，该合作旨在通过将银行实力与人工智能驱动的创新相结合，”重新定义公司如何利用金融科技”。
- 财务条款：协议的具体财务细节未予披露。
Original Article Link: https://www.cnbc.com/2025/12/09/fifth-third-bank-brex-commercial-cards-agreement.html