Fifth Third Bank Expands Cash Management Capabilities with DTS Connex Acquisition

Fifth Third Bank has acquired DTS Connex to expand its cash management capabilities, targeting multi-location businesses. The acquisition enhances Fifth Third's offerings in cash logistics and infrastructure, and DTS Connex will continue to operate independently as a wholly owned subsidiary. The move follows Fifth Third's ongoing expansion of its cash processing business and aims to foster deeper collaboration across the cash ecosystem.

Fifth Third Bank has announced the acquisition of DTS Connex, a leading provider of cash management software solutions for multi-location businesses such as retailers, restaurants, and healthcare providers. The acquisition aims to enhance Fifth Third's cash management capabilities, focusing on cash logistics, infrastructure, and risk management [1, 2, 3].

DTS Connex's technology solutions address the complex needs of clients seeking to increase efficiency, transparency, and oversight in cash logistics management. By integrating DTS Connex's expertise and technology, Fifth Third aims to deliver more integrated and innovative service solutions to its clients and the industry [1, 2, 3].

Fifth Third's Commercial Payments business has been at the forefront of industry innovation for over 15 years, and this acquisition is a pivotal milestone in its commitment to simplifying payments through client-centric innovation [2, 3]. The acquisition follows Fifth Third's ongoing expansion of its cash processing business, which includes recent acquisitions of Big Data Healthcare and Rize Money [1, 2].

DTS Connex will continue to operate independently as a wholly owned subsidiary of Fifth Third, maintaining its commitment to serving clients with the same level of excellence and service as prior to the acquisition [1, 2, 3]. The financial terms of the transaction were not disclosed.

This acquisition is part of Fifth Third's broader strategy to leverage technology and innovation to benefit its clients and the industry. With a focus on relationships and innovation, Fifth Third aims to remain a leader in the commercial payments sector [2].

References:
[1] https://www.pymnts.com/acquisitions/2025/fifth-third-acquires-dts-connex-expand-cash-management-capabilities/
[2] https://www.nasdaq.com/press-release/fifth-third-announces-acquisition-dts-connex-adding-scale-innovation-cash-management
[3] https://www.businesswire.com/news/home/20250820158195/en/Fifth-Third-Announces-Acquisition-of-DTS-Connex-Adding-Scale-Innovation-in-Cash-Management