“Can a 160-year-old national bank turn its treasury, payments, and data-access rails into embedded-finance APIs that platforms and corporates plug into directly?”
PNC is a 160+ year-old national bank formed by the 1983 merger of Pittsburgh National and Provident National. It has grown organically and through acquisitions (including BBVA USA in 2021) into one of the largest US banks by assets. In recent years PNC has invested heavily in embedded finance — launching PNC Flexpay for POS lending, publishing a suite of commercial payments APIs, and signing a direct data-access agreement with Plaid via Akoya — positioning itself as both a chartered bank and an infrastructure provider that other platforms embed into their workflows.