Fifth Third Bank and Stripe Forge Partnership to Expand Embedded Financial Services

Fifth Third Bank confirmed a strategic collaboration has been forged between its embedded payments provider, Newline, a leading embedded payments provider, and Stripe. This partnership aims to significantly enhance the capabilities of Stripe's platform by integrating Newline's API platform.

Newline will power Stripe Treasury, a forthcoming service enabling software platforms on Stripe to offer embedded financial accounts. This initiative responds to the increasing demand from modern businesses for seamless digital financial solutions within their daily operations.

"This relationship is reflective of the alignment between our organizations," said Tom Bianco, general manager of Newline by Fifth Third. "The high standard Stripe sets for itself in the delivery of services to its customers closely aligns with our mission at Fifth Third. We look forward to bringing our capabilities to bear for Stripe, enabling their continued delivery of innovative and robust solutions for their customers," Bianco added.

Fifth Third, renowned for processing $17 trillion in annual payments volume, brings decades of expertise in scalable technology solutions and innovative payment strategies, dating back to its establishment as Fifth Third Processing Solutions in 1971.