Fifth Third Bank has installed Silicon Valley Bank veteran Dan Allred atop its commercial bank’s fintech business. Allred joined the Cincinnati-based bank from British lender HSBC, where he was a managing director within its fintech business for almost two years, according to his LinkedIn. “I’m very excited to share that I’ve joined Fifth Third Bank as Group Head for Fintech where I will continue to work with high-growth innovative Fintech companies, providing corporate treasury and lending solutions, embedded banking and payments support, and asset-backed financing,” Allred wrote in a LinkedIn post Friday. Allred called out Fifth Third’s “payments prowess” under CEO Tim Spence’s leadership and Fifth Third’s $10.9 billion purchase of Comerica, which he wrote “makes the opportunity to holistically support innovative Fintech companies all the more compelling.” Allred will report to David Whiting, who leads the tech and life sciences vertical within Fifth Third’s commercial bank.