Breaking News
Fifth Third Announces Acquisition of Rize Money, Inc.
Fifth Third Bancorp (NASDAQ: FITB) is pleased to announce the acquisition of Rize Money, Inc., an embedded payments platform that provides payment infrastructure and risk management capabilities to fintechs and other technology companies that want to offer innovative financial products through a single application programming interface.
Embedded payments is a core component of Fifth Third’s leading Treasury Management business, supporting clients who value scale, risk sophistication and full range of payment types. The business is growing at double digits and the annual revenue is projected to eclipse $130 million this year, complementing the existing embedded payments and Treasury Management businesses.
“This acquisition is another example of Fifth Third’s commitment to leveraging technology and innovation for the benefit of our clients,” said Bridgit Chayt, head of wholesale payments at Fifth Third Bank. “The addition of Rize Money enhances our existing embedded payments offerings and positions us to meet our clients’ ever-changing needs.”
Founded in 2014 by Justin Howell, Rize Money, Inc. is headquartered in Arlington, Virginia.
“Fifth Third Bank’s track record in this space and dedication to empowering its clients with financial technology innovation continues to impress us,” said Justin Howell. “We are thrilled to join the Fifth Third team and advance our shared goals.”
The acquisition was made by an indirect wholly owned subsidiary of Fifth Third and financial terms of the transaction were not disclosed.
- Reset Raises $6 Million Seed Round Anchored by Credit Union Customers to Expand Embedded Earned Wage Access Platform Read more
- Members First Credit Union Selects Mahalo Banking to Modernize Digital Experience Alongside Core Transformation Read more
- Why Progressive Modernisation is the Smart Way to Upgrade Core Banking Read more
- Network International and Compass Plus Technologies Celebrate 20 years Powering Digital Payments Across Africa Read more
- Stopping Profit Leakage with Torus, payabl., and Raiffeisen Bank International Read more
Members First Credit Union Selects Mahalo Banking to Modernize Digital Experience Alongside Core Transformation
Members First Credit Union (‘Members First’) has selected Mahalo Banking’s Thoughtful Banking® platform as part of a broader technology modernization initiative to deliver a more flexible, intuitive, and future-ready digital banking experience for its members. The partnership aligns with the credit union’s transition to the Corelation Keystone core platform and reflects a strategic effort to strengthen digital agility and member engagement.
Network International and Compass Plus Technologies Celebrate 20 years Powering Digital Payments Across Africa
Network International (Network), a leading fintech company across the Middle East and Africa (MEA), and Compass Plus Technologies, an international provider of retail banking and payments software, celebrated 20 years of collaboration and evolution as both companies remain committed to supporting digital payment innovation.
Titan Secures $3M in New Funding to Further Scale Its Banking Native AI Platform for Financial Services
Titan, the first of its kind, banking‑native AI platform purpose‑built for financial services, today announced it has raised $3 million in new funding, led by Entropy Ventures. The raise accelerates its mission to deliver auditable, explainable AI infrastructure for the highly-regulated banking landscape, allowing institutions to innovate securely and at speed.
Feedzai Opens $9 Trillion Fraud Intelligence Network to Every Bank
Feedzai, the global leader in AI-native financial crime prevention, today announced the availability of Feedzai IQ Score, an AI-native, network-derived fraud risk scoring solution for banks of all sizes.
Taskize Partners with Global Relay to Transform Financial Services Comms Archiving
Taskize, the leading investment operations collaboration platform and Euroclear-owned fintech, has partnered with Global Relay – an innovative provider of integrated digital communications and mobile compliance solutions for highly regulated industries – to bring structured, secure, and fully auditable API-based archiving capabilities to Taskize users.
Chase Expands Digital Hub for Small Businesses with New Innovative Tools and Insights
Chase announced new capabilities for small businesses that expand its integrated digital hub in Chase for Business mobile and online
How ING Uses Agentic AI to Speed Up Mortgage Decisions
ING has introduced agentic AI to speed up mortgage applications in the Netherlands
Reset Raises $6 Million Seed Round Anchored by Credit Union Customers to Expand Embedded Earned Wage Access Platform
Reset, an embedded earned wage access platform built for credit unions and community banks, today announced it has raised $6 million in seed funding, bringing total capital raised to more than $8 million. The round was anchored by credit union customers and strategic partners in the credit union and community banking space.
Members First Credit Union Selects Mahalo Banking to Modernize Digital Experience Alongside Core Transformation
Members First Credit Union (‘Members First’) has selected Mahalo Banking’s Thoughtful Banking® platform as part of a broader technology modernization initiative to deliver a more flexible, intuitive, and future-ready digital banking experience for its members. The partnership aligns with the credit union’s transition to the Corelation Keystone core platform and reflects a strategic effort to strengthen digital agility and member engagement.
Why Progressive Modernisation is the Smart Way to Upgrade Core Banking
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Network International and Compass Plus Technologies Celebrate 20 years Powering Digital Payments Across Africa
Network International (Network), a leading fintech company across the Middle East and Africa (MEA), and Compass Plus Technologies, an international provider of retail banking and payments software, celebrated 20 years of collaboration and evolution as both companies remain committed to supporting digital payment innovation.
Stopping Profit Leakage with Torus, payabl., and Raiffeisen Bank International
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
EXCLUSIVE: “The Power of Foresight” – Kunal Galav, Marija Nakevska and Jérémie Bouguéon, Pleo in ‘The Fintech Magazine’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Volante Technologies Launches “Vol360i” Agentic AI at the Core of Payments, Setting a New Global Standard for Intelligence in Banking
Volante Technologies, the global leader in Payments as a Service (PaaS), today announced that its Payments Platform and PaaS operations are now powered by its “Vol360i” Agentic AI. The core upgrade unlocks autonomous and semi-autonomous collaboration to reduce manual intervention, significantly increasing straight-through processing (STP) rates to over 95%, accelerating exception resolution, and proactively managing SLA performance.