PNC Bank and Koxa Launch Embedded Banking Integration for Workday ERP
PNC Bank and Koxa announced an embedded banking integration on March 4, 2024, designed for PNC's corporate and commercial banking clients using Workday ERP software. The integration allows clients to access real-time balance information, submit payments, and reconcile transactions directly within their Workday environment without switching between systems. PNC Bank contributes its corporate banking infrastructure and client base, while Koxa provides the embedded connectivity layer bridging banking services and enterprise software.
The partnership eliminates manual processes and reduces the friction of managing treasury operations across disparate platforms. For PNC's commercial clients, this means streamlined cash management and improved operational efficiency. The move reflects a broader trend of major banks embedding financial services into enterprise workflows, meeting corporate clients where they already operate.
No financial terms of the partnership were disclosed.
- Major U.S. bank embedding services into enterprise ERP signals growing demand for B2B embedded finance
- Sets precedent for other banks to integrate directly into corporate workflow platforms