Fifth Third Bank has entered into a strategic multi-year partnership with Brex to offer AI-driven financial solutions to businesses and leverage USD 5.6 billion in commercial card transactions.
Strategic Collaboration for Modern Finance Solutions
The collaboration between Fifth Third and Brex is designed to support Brex in delivering advanced, AI-native finance services to the Commercial Banking division of Fifth Third Bank. The partnership builds upon the capabilities offered by Brex Embedded, an API-based payments infrastructure.
The Fifth Third Commercial Card powered by Brex aims to serve as a default commercial card solution for Fifth Third’s Commercial Banking clients. This integration is expected to enhance access to Brex’s intelligent finance software platform, enabling automated expense management and secure real-time payment capabilities.
Addressing Business Challenges with AI
The strategic alliance between the two companies focuses on overcoming common business challenges such as limited visibility into company spending, outdated systems, and inefficiencies due to manual processes. Without an AI-infused system, teams often resort to tracking expenses and reconciling budgets manually, a process that can be time-consuming and error-prone.
With the Fifth Third Commercial Card powered by Brex, clients will benefit from advanced financial tools designed to automate workflows end-to-end. This includes functionalities for closing books more efficiently, reducing manual reviews, and managing spending with greater control.
Leadership Vision and Global Reach
Tim Spence, the Chairman, CEO, and President of Fifth Third Bank, highlighted that this collaboration aligns with their commitment to harnessing financial technology to streamline operations. By combining the banking expertise of Fifth Third with Brex’s AI-driven features, both companies aim to create sophisticated solutions that simplify processes, increase efficiency, and support business growth at a global scale.
Brex is expected to be rolled out across all markets where Fifth Third operates, ensuring broad access to advanced financial tools for businesses in the United States.
