“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.
PNC discloses PNC Bank, N.A. (in-house) and fiserv as its banking providers, according to the Embedded Finance Index 2026.
PNC does not disclose a bank charter of its own; its banking services are provided through PNC Bank, N.A. (in-house) and fiserv.
PNC processes payments through PNC Merchant Services (self-operated), Fiserv and Stripe.
PNC's cards are issued through PNC Bank, N.A. (in-house) on the Visa, Mastercard, American Express and Discover networks.
PNC uses PNC Account Verification Services (in-house) for KYC and identity verification.
PNC's lending and capital products are provided by PNC Bank, N.A. (in-house) and PNC Financial Services UK Ltd (in-house).
PNC uses PNC Bank, N.A. (in-house) for FX and cross-border payouts.
PNC's embedded insurance is provided by PNC Insurance Services, LLC (in-house).
PNC's investing and wealth products are powered by PNC Wealth Management LLC (in-house) and PNC Institutional Asset Management (in-house).
PNC integrates with QuickBooks, Xero, NetSuite, Sage Intacct, Sage 50, Sage 100, Microsoft Dynamics 365 Business Central, Workday and 1 other.
The Embedded Finance Index 2026 maps 12 layers in PNC's stack: Payments / PSP (PNC Merchant Services (self-operated), Fiserv and Stripe); Banking / BaaS (PNC Bank, N.A. (in-house) and fiserv); Card issuing (PNC Bank, N.A. (in-house)); Card network (Visa, Mastercard, American Express and Discover); Lending (PNC Bank, N.A. (in-house) and PNC Financial Services UK Ltd (in-house)); Insurance (PNC Insurance Services, LLC (in-house)); Open banking (Akoya and Plaid); KYC (PNC Account Verification Services (in-house)); FX & payouts (PNC Bank, N.A. (in-house)); Investing (PNC Wealth Management LLC (in-house) and PNC Institutional Asset Management (in-house)); Accounting (QuickBooks, Xero, NetSuite, Sage Intacct and 5 others); Treasury (PNC Treasury Management (in-house) and PINACLE (in-house)).
PNC is founded in 1845 and headquartered in Pittsburgh, Pennsylvania, USA.
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