TD Bank U.S., headquartered in Mount Laurel, said it has expanded its embedded banking offering to include functionality within Workday, a move aimed at giving U.S. business clients near real-time visibility into banking activity without relying on separate treasury management systems.
The bank said the Workday functionality, delivered in collaboration with FISPAN, will provide bank feeds directly in Workday. TD said it is among the first U.S. banks to deliver that capability in the platform. The goal, the bank said, is to help organizations streamline financial operations and reduce time spent moving between systems.
The deployment builds on TD’s existing integrations with QuickBooks, Microsoft Dynamics, NetSuite and Sage Intacct, and it is intended to lay the foundation for a broader embedded banking experience, the bank said.
“With this direct integration, we are setting a new standard for operational discipline and efficiency in banking,” Paul Margarites, head of digital channels, transaction banking, TD Securities, said in a statement. Margarites said TD plans to roll out enhanced capabilities later this year that would allow clients to make payments, reconcile bank accounts and automate accounting tasks within Workday. TD said those enhancements are aimed at reducing time spent on such tasks “by as much as 90%” without the need for costly systems or IT programs.
TD also cited findings from its survey of treasury professionals conducted at the Association for Financial Professionals 2025 conference in Boston, stating that nearly 80% of treasury departments continue to rely on manual or fragmented processes even as digital tools reshape liquidity management.
“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 at 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.”
TD said that once enhanced payment capabilities are introduced, clients will be able to process payments and reconcile finances directly in Workday through a single interface, with automated journal entries and reconciliation designed to reduce manual work and mistakes and support faster financial closes. The bank also said the integration is designed to be “plug-and-play” within Workday, with no additional IT support required.
