And so did we…to be honest. We just received an article from BankingTech.com that the US Fifth Third Bank is partnering with venture capital (VC) firm QED Investors to bring new products and services to their banking customers.
Last year, the bank was involved in three major deals, writes the editor Soumik Roy.
In November 2016, the bank joined hands with Pivot Investment Partners to invest $18 million in AvidXchange, a provider of accounts payable and payment automation solutions. The company has over 6,000 clients in the US, across several industries such as real estate, financial services, energy and construction.
In September, First Third partnered with GreenSky, an Atlanta-based payment solutions partner. Part of the deal is to license and integrate GreenSky’s technology platform into its digital banking channels.
In April, First Third was part of a consortium comprised of the five largest US commercial banks that invested $30 million in Transactis, a provider of electronic billing and payment solutions.
Related posts
- OASIS UBL-related announcements and public reviews: UBL 2.2 public review
- First EU member states connect their eIDAS nodes
- India’s big banks plan interbank blockchain platform
- Poland becomes OpenPEPPOL Authority, 200th member
- FACe, the Spanish B2G e-invoicing Point of Entry, received 8 million e-invoices in 2016
- Taiwanese operator Chunghwa wins USD 20 million e-invoicing contract!
- Turkey postpones mandatory e-invoicing until 1 July 2017
- Will the ‘Spanish Approach’ be the next step in E-invoicing Compliance in Europe?
- Finnish/Nordics attempt to revive ISO20022 after turned down as EU syntax
- Handy: OpenPeppol guidance paper on the CEF call for funding e-invoicing adoption
