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Banks grow deposits and fees by partnering with FinTechs and embedded finance platforms.

Company Fundamentals
20 Jul 2026
PYMNTS
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Bullish
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Banks like Fifth Third, The Bancorp, and Pathward are expanding deposits and fee income through partnerships with FinTechs and embedded finance platforms. Fifth Third's embedded finance platform increased deposits by $2.1 billion in Q2, while The Bancorp sources 93% of its deposits from FinTech relationships. Pathward combines partner-generated deposits with a custodial model to earn servicing fees. This trend reflects growing demand for embedded finance, with many companies upgrading capabilities and banks capturing new revenue streams beyond traditional banking.

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