A Growth Engine for Banks
PayKey’s Earned Wage Access (EWA) solution redeﬁnes the bank’s relationship with corporate employees by providing on-demand access to earned income, enabling greater liquidity and financial resilience.
Unlocking new revenue streams for banks
Creating revenues from EWA transactions alongside targeted cross-sell & upsell opportunities including loans, savings, and more
A customer acquisition channel
Reaching new customers via a service offered to all corporate employees, including customers of other banks
Prompting personalized services with new data
Proactively offering high-intent ﬁnancial services to customers of all banks based on an understanding of HR data and life events
A Key Channel to Engage with Employees
Banks can now leverage a new channel, accessed by the average Earned Wage Access user over 1.5 times/day, to offer the banking services that fit customers’ cash flow needs.
How It Works
Allow employees to monitor their real-time earnings and check the current amount available to withdraw.
The solution requires a single integration between PayKey and the bank to facilitate the full Earned Wage Access flow:
EWA Solution Highlights
Connecting to HR &
The solution integrates with all Human Capital Management systems, providing banks with new personalization capabilities.
PayKey’s risk engine leverages multiple data sources and behavior indicators to minimize all risk for banks.
A single integration with PayKey’s platform enables banks to enjoy multiple connections and full EWA functionality.
PayKey offers the solution as a standalone application, hosted within the bank’s app, or combined with the Banking Keyboard to provide flexibility.
The solution is fueled with data across PayKey’s platform to optimize the solution and enhance user journeys.
PayKey’s solution complies with all local regulations and adheres to the highest security standards vetted through penetration tests.
Are you ready to learn more?