OnePay Partners with Workday to Power Financial Wellbeing

Hey Digital Banking Fanatic!

Moving beyond consumer finance, Walmart-backed OnePay is integrating its suite of financial tools into the workplace through a strategic partnership with Workday.

The integration embeds OnePay's services into Workday's Enhanced Direct Deposit Switching (EDDS) and Wellness tools, using AI to recommend benefits and track employee usage.

How does it work? Employers gain real-time insights into benefit adoption, simplifying payroll routing and boosting financial wellness programs. 

For OnePay, this expands into the enterprise HR space, targeting employers and gig platforms beyond consumer FinTech. 

Workday's Saqib Sheikh highlighted how it creates a "holistic financial journey" for employees by easing direct deposit changes.

Dig into the rest of today's digital banking headlines below. 👇 Talk tomorrow.

Cheers,

Marcel

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NEWS

🇺🇸 Walmart’s OnePay expands into HR with Workday deal. Under the partnership, OnePay will join Workday Wellness as a financial benefits partner, enabling employers to offer workers access to banking, investing, and credit tools directly within the platform.

🇬🇧 Starling research shows sole traders are increasingly turning to AI for tax and accounting advice, with 26% using it for Making Tax Digital guidance and many valuing speed over cost. The trend reflects growing trust, with 88% saying they rely on AI insights. 

🇰🇷 Kroo Bank has undergone leadership changes while revising its profitability timeline, signaling a reassessment of execution and funding pressures in digital banking. The shift highlights growing scrutiny on challenger banks and reinforces the importance of governance and capital stability.

🇺🇸 Meow Technologies launches banking for AI agents, a platform that enables AI agents to open and manage business bank accounts on behalf of users. With a simple prompt, users can initiate account creation, while agents handle payments, cards, and day-to-day activity autonomously.

🇲🇾 KAF digital bank meets BNM deadline to roll out basic banking services. The service provides access to deposits, withdrawals, transfers, and payments, supporting financial inclusion, particularly among underserved and underbanked groups in Malaysia.

🇧🇷 Brazilian FinTech Stone is accelerating its transition from a point-of-sale terminal provider to a digital bank, with a more comprehensive offering for SMEs. The company plans to evolve into a platform increasingly focused on financial services, including accounts, credit, and cash flow management.

🇺🇸 Nymbus has launched its MCP Server, one of the first secure Model Context Protocol servers built for core banking, enabling financial institutions to connect AI assistants to front-office tools. The platform supports actions like account management, payments, and card controls through a single interface.

🇨🇭 Celsion Bank AG launches as a fully licensed bank built for digital assets. At launch, the bank provides digital asset custody, trading, staking, and transfer services, complemented by core banking services within a fully regulated framework. Continue reading

🇳🇬 Flutterwave plans to establish its South-East office in Anambra to expand access to payments, loans, and FinTech services for businesses, following its Nigerian banking licence, which enables it to go beyond payments and offer broader financial services across the region.

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