This Week in Fintech announced its annual This Week in Fintech Awards at the 2024 Fintech Formal in New York. Newline™ by Fifth Third was awarded Most Innovative Financial Institution. Newline is an API-first platform to launch embedded payment and deposit solutions directly with Fifth Third Bank (NASDAQ: FITB).
The This Week in Fintech Awards seek to recognize the best of the industry and showcase the most groundbreaking technologies, services and partnerships of 2024. Awards were given for Fintech of the Year, Best New Startup, Best New Fintech Partnership and Most Innovative Financial Institution. Founded in 2019, This Week in Fintech is an international digital media platform providing insights, news and forecasts about the financial technology industry.
“At Newline, we’re reinforcing our leadership position in the fintech industry,” said Tom Bianco general manager of Newline™ by Fifth Third. “Industry recognition from leaders like This Week in Fintech reflect the dedication and effort our team commits to meeting our client’s needs through an innovative and consultative approach.”
Earlier this year, Newline™ by Fifth Third announced it had been selected by Trustly, a leading open banking platform, to expand the platform’s capabilities. Additionally, Stripe selected Newline to power Stripe Treasury and expand embedded financial services for its platform users and clients. In September, Tearsheet named Newline™ by Fifth Third its Best New Embedded Finance Platform winner.
Fifth Third’s commercial payments business currently processes $17 trillion in annual payments volume. For decades, the Bank has delivered innovative payment strategies and scalable technology solutions for businesses worldwide, working with some of the earliest e-commerce companies.
About Newline™ by Fifth Third Bank
Newline is an API platform that enables enterprises to launch payment, card, and deposit products directly with Fifth Third Bank. Launched after Fifth Third’s acquisition of Rize Money in 2023, Newline has reinvented bank technology and embedded payments, combining the best in fintech innovation with a trusted banking relationship.
About Fifth Third
Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it’s one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere’s World’s Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust.
Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank, and its common stock is traded on the NASDAQ® Global Select Market under the symbol “FITB.” Investor information and press releases can be viewed at www.53.com.
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