TD Advances Embedded Banking for U.S. Businesses with Workday Integration
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embedded bankingfinancial
Embedding banking means putting basic bank services — like accounts, payments, lending, or card issuance — directly inside non-bank apps or stores so customers can manage money without leaving the platform. For investors, it matters because it can create steady new revenue streams and stronger customer loyalty for the platform, much like a store adding an in-house bakery that keeps shoppers buying more and returning more often.
treasury management systemsfinancial
A treasury management system is software that helps an organization track and control its cash, payments, bank accounts, borrowing and short-term investments — like a household budgeting app scaled up for a company. Investors care because it affects how reliably a business pays bills, manages debt and funds growth; strong systems reduce the chance of surprises, lower financing costs and can protect profit margins and share value.
liquidity managementfinancial
Liquidity management is how a company controls its cash and easily sold assets so it can pay bills, meet payroll, cover unexpected costs and seize opportunities without selling important investments at a loss. Think of it like a household balancing checking, savings and a credit card to handle daily expenses and emergencies; for investors, good liquidity management lowers the chance of a cash crunch, reduces borrowing costs and signals financial stability.
reconcilefinancial
Reconcile means comparing two sets of records or data, finding and fixing any differences so they match—like checking your bank statement against your checkbook and correcting mistakes. For investors, reconciliation ensures that financial statements, transaction logs, or clinical and regulatory records are accurate and complete, which affects trust in reported results, compliance with rules, and the reliability of performance or risk assessments.
journal entriesfinancial
Journal entries are the basic written records a company makes to track every financial activity—sales, bills, payroll, loan payments and adjustments—like keeping a detailed diary of money in and out. They matter to investors because these entries are the raw material used to build financial statements, reveal one‑time adjustments or accounting choices, and can change reported profit, assets or cash flow; spotting unusual or frequent entries helps assess the reliability of a company’s numbers.
plug-and-playtechnical
A plug-and-play product or solution is one that arrives ready to use with little or no setup, integration, or technical customization required. For investors, plug-and-play offerings matter because they typically lower implementation costs, speed time to revenue or deployment, and reduce the risk that customers get stalled by complex installation—like buying an appliance that works as soon as you plug it into a socket rather than needing special wiring.
TD among the first U.S. banks to integrate bank feeds into Workday, empowering organizations to streamline financial operations and maintain near real-time visibility
MOUNT LAUREL, N.J.--(BUSINESS WIRE)--
TD Bank U.S. ("TD") has expanded its embedded banking offering to include functionality in Workday for U.S. business clients. In collaboration with FISPAN, TD is among the first U.S. banks to deliver bank feeds directly in Workday, enabling clients to access near real-time banking features without requiring expensive treasury management systems. This empowers organizations to streamline financial operations, save valuable time, and maintain near real-time visibility, all within a platform they already use.
This deployment builds on TD's integrations with QuickBooks, Microsoft Dynamics, Netsuite and Sage Intacct and lays the foundation for a full embedded banking experience.
"With this direct integration, we are setting a new standard for operational discipline and efficiency in banking," said Paul Margarites, Head of Digital Channels, Transaction Banking, TD Securities. "Collaborating with industry-leaders like FISPAN and Workday allows us to continue innovating while delivering new benefits to our shared clients. We plan to roll out enhanced capabilities later this year to enable our clients to make payments, reconcile their bank accounts and automate accounting tasks, aiming to reduce their time spent on these tasks by as much as 90% without the need for costly systems or IT programs."
Nearly 80% of treasury departments continue to rely on manual or fragmented processes despite broad agreement that digital tools are reshaping liquidity management, according to a TD survey of treasury professionals at the Association for Financial Professionals 2025 conference in Boston.
“As the payments ecosystem evolves, our clients expect seamless solutions that help them operate with greater speed, efficiency and precision," said Tom Gregory, Head of Treasury Management, Merchant and Government Banking, TD Bank U.S. "Embedded banking capabilities save our clients precious time, with fewer portals and less manual work, ensuring they maintain near real-time financial visibility and confident execution within the platforms they already use.”
Once enhanced payment capabilities are introduced, U.S. clients will benefit from:
Seamless, Single Interface: Enabling clients to process payments and reconcile their finances directly in Workday without the added step of logging on to a separate TD portal.
Increased Clarity, Faster Closes: Creates automated journal entries and reconciliation that helps reduce manual work and mistakes, leading to faster closes and more accurate results.
No IT Lift: Offers simple “plug-and-play” integration in the existing Workday platform without additional IT support, thereby bringing down cost of implementation.
TD's commitment to digital innovation and client-centric solutions continues to drive meaningful changes in the banking industry. As TD continues to expand its suite of embedded banking technologies, clients can look forward to even more seamless, secure and flexible banking experiences tailored to their evolving needs.
About TD Bank U.S. TD Bank U.S. is a leading U.S. bank with more than 10 million clients and a network of approximately 1,100 convenient locations throughout the Northeast, Mid-Atlantic, Carolinas and Florida. We support our clients and communities with a full range of retail, small business, and commercial banking products and services. We also offer customized private banking and wealth management services, a comprehensive suite of credit card products for consumers and businesses, and automotive vehicle financing and dealer commercial services.
TD Bank U.S. is one of the 10 largest banks in the U.S. by assets and is headquartered in Mount Laurel, N.J. To learn more, visit www.td.com/us.
TD Bank U.S. is a subsidiary of The Toronto-Dominion Bank, the sixth largest bank in North America by assets. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD."
