# ATOMIC

> The framework for connected banking \-\- payroll connectivity and open banking infrastructure for financial institutions\.

## At a glance

| Field | Value |
| --- | --- |
| Category | Insurtech Infrastructure |
| Type | Solutions Provider |
| Region | NA |
| Headquarters | Salt Lake City, UT |
| Founded | 2019 |
| Stage | Growth |
| Employees | 501-1000 |
| Funding | Series B |

## Overview

Atomic is a payroll connectivity and open banking infrastructure platform that enables financial institutions, fintechs, and insurance providers to integrate consumer-permissioned financial data into their products. Founded in 2019 by repeat fintech entrepreneurs Jordan Wright (CEO), Scott Weinert (CTO), and Andrea Martone, the company provides a unified SDK that connects to over 450 payroll and HRIS systems, covering approximately 75% of the U.S. workforce.

The platform supports a range of financial workflows including direct deposit switching, income and employment verification, payment method updating, subscription and bill management, tax refund access, and secure payroll authentication. Atomic serves 8 of the top 10 U.S. financial institutions and more than 195 financial services firms and fintechs. Since its founding, over 6 million users per year engage with Atomic-powered workflows.

In insurance, Atomic's payroll connectivity is used by P&C carriers for workers' compensation wage verification, pay-as-you-go insurance enablement, and income-based underwriting -- reducing fraud and manual data collection. The company joined Guidewire's Insurtech Vanguards program in 2023, signaling strategic alignment with the P&C insurance ecosystem.

## Products & services

### Deposit

Direct deposit switching -- enables financial institutions to drive direct deposit adoption by allowing consumers to redirect their paycheck within a bank or fintech's app.

**Key features:**

- Consumer\-permissioned payroll account connectivity
- Integrates with 450\+ payroll providers
- Supports both UserLink \(consumer\) and EmployerLink \(employer/HRIS\) authentication

*Target users:* Banks, credit unions, neobanks

### Verify

Income and employment verification using real-time payroll data, replacing manual document collection.

**Key features:**

- Instant income and employment verification
- Workers' compensation wage loss claim support
- Fraud reduction via direct payroll data access

*Target users:* Carriers, lenders, TPAs

### Switch

Payment method updating across merchants and billers, enabling consumers to update stored card details in one step.

**Key features:**

- Connects to major merchant and biller networks
- Supports post\-deposit account switching
- Powers H&R Block Spruce PayLink Switch

*Target users:* Banks, fintechs, neobanks

### Manage

AI-powered subscription and bill management embedded within financial institution apps.

**Key features:**

- Identifies and categorizes recurring payments including insurance premiums
- Bill negotiation and optimization
- Drives account stickiness and engagement

*Target users:* Banks, credit unions, digital banking platforms

### Tax

Access to tax refunds and W-2 data directly from payroll systems.

**Key features:**

- Accelerated tax refund access
- W\-2 data retrieval
- EWA \(Earned Wage Access\) enablement

*Target users:* Banks, fintechs, financial wellness platforms

### Authentication

Secure payroll and merchant account access via three modes: TrueAuth (passwordless), StandardAuth, and CoAuth.

**Key features:**

- Proprietary Uplink passwordless authentication technology
- Supports both consumer\-permissioned and employer\-admin access paths
- SOC 2 Type 2 and PCI DSS compliant

*Target users:* Financial institutions, fintechs, insurance carriers

## Category & focus

- Subcategories: Payroll Connectivity, Open Banking, Income Verification, Embedded Finance
- Insurance verticals: P&C Commercial, Workers Compensation, Specialty/E&S
- Target customers: Carriers, Employers, Consumers

## Notable customers

- Frost Bank
- MoneyLion
- M1
- H&R Block \(Spruce\)
- Backbase
- Jack Henry

## Links

- Website: <https://atomic.financial>
- Directory profile: <https://insurtechlist.com/companies/atomic/>
- About: <https://atomic.financial/about/>
- Linkedin: <https://www.linkedin.com/company/atomic-fi>
- Insurance: <https://atomic.financial/industries/insurance/>
- Blog/insights: <https://atomic.financial/insights/>

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*Last updated: 2026\-04\-09*