In the coming months Cincinnati-based Fifth Third bank will hire 200 new tech workers as it continues to invest in digital; the nation’s 15th largest bank now has one in seven or 7,000 workers in a digital role; they are not just adding workers but investing in fintech partnerships as well with more than $150 million already invested; one of their largest so far is the $50 million investment in CommonBond; they have also invested in Zelle, GreenSky, ApplePie Capital, QED Investors and Accion International. Source.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.