TD Bank U.S., headquartered in Mount Laurel, has taken a significant leap in the “embedded banking” race. On Tuesday the bank announced a new collaboration with fintech leader FISPAN to integrate bank feeds directly into Workday, a widely used enterprise platforms for finance and HR.
This move positions TD as one of the first major U.S. financial institutions to offer direct, near real-time banking data within the Workday environment, targeting a major pain point for corporate treasury departments.
Despite the digital revolution, many finance teams remain bogged down by fragmented systems. According to a recent TD survey of treasury professionals, nearly 80% of departments still rely on manual processes for liquidity management.
The Workday integration aims to solve this by:
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Centralizing data: Users can view balances and transactions without logging into a separate banking portal.
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Speeding up the “close”: Automated journal entries and reconciliation can reduce the time spent on accounting tasks by as much as 90%.
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Lowering costs: The “plug-and-play” setup requires no significant IT overhaul or expensive third-party treasury management systems.
“We are setting a new standard for operational discipline,” Paul Margarites, head of digital channels at TD Securities said. “Our goal is to automate accounting tasks so our clients can focus on strategy rather than data entry.”
The announcement follows the recent launch of TD’s new North American brand platform, “More Human™,” which emphasizes intuitive, people-centered digital tools. By embedding services into platforms like Workday, QuickBooks, and Sage Intacct, TD is effectively moving the bank to where its customers already work.
Tom Gregory, TD Bank’s head of treasury management, noted that the evolution of the payments ecosystem requires “seamless solutions that help clients operate with greater speed and precision.”
While the current rollout focuses on bank feeds and visibility, TD plans to launch enhanced payment capabilities later in 2026. This will allow businesses to initiate ACH transfers, manage wire payments, and handle vendor management entirely within their existing ERP software.
