Fifth Third Bank (NASDAQ: FITB) shares galloped to begin Tuesday. The lender, which claims to be a pioneer in financial innovation known for improving the lives of its customers, and Brex, the intelligent finance platform, today announced a multi-year partnership that unlocks $5.6 billion in annual commercial card payment volume. Built on Brex Embedded, Brex’s proprietary API-driven payments infrastructure, the Fifth Third Commercial Card powered by Brex will become the default commercial card solution for Fifth Third Bank’s Commercial Banking clients.
The partnership will enable Brex to bring modern, AI-native finance to Fifth Third’s Commercial Banking businesses. Through the Fifth Third Commercial Card powered by Brex, the bank’s Commercial clients will gain access to Brex’s intelligent finance software platform where they can issue corporate cards, automate expense management and make secure, real-time payments. They will also benefit from Brex’s AI agents that automate complex workflows end-to-end to close the books faster, reduce manual review and control spend.
“The future of business demands financial platforms that do more than process payments—they must power growth,” said Fifth Third CEO Tim Spence, said. “Our partnership with Brex is a commitment to redefine how companies leverage financial technology. By combining the strength of a leading bank with Brex’s AI-driven innovation, we’re creating intelligent solutions that simplify complexity, drive efficiency and enable businesses to scale globally with confidence.”
FITB shares acquired 44 cents, or 1%, to $45.68.
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