Fifth Third Bancorp is set to acquire fintech infrastructure platform Rize Money as it expands its embedded payments services
Source: assetservicingtimes.com
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Embedded Payments Platform Rize Money Acquired By Fifth Third Bancorp
Fifth Third Bancorp (NASDAQ: FITB) is pleased to announce the acquisition of Rize Money, Inc., an embedded payments platform.
Source: crowdfundinsider.com
Fifth Third targets payments expansion with Rize Money acquisition
The Cincinnati, Ohio, bank targeted Rize Money due to its "ease of accessibility," according to Fifth Third's head of wholesale payments. The acquisition comes as the $205 billion-asset bank has seen wealth and asset management revenue decline in recent years.
Source: americanbanker.com
Fifth Third Announces Acquisition of Rize Money, Inc.
Fintech Platform Further Advances Bank’s Embedded Payments Offerings ... | May 22, 2023
Source: marketscreener.com