From Yahoo Finance: 2025-04-23 09:18:00

US digital banking platform Candescent and Ninth Wave have partnered to launch an integrated open data solution for banks and credit unions. This offering aims to enhance customer experience, operational efficiency, and regulatory compliance, serving over 250 financial institutions. The collaboration replaces traditional data-sharing methods with modern, transparent alternatives.

The new solution provides secure, API-based data sharing and seamless integration with third-party applications for retail and business banking customers. Candescent’s chief product officer highlights the benefits of accessing Ninth Wave’s open data capabilities within the digital banking platform. Financial institutions are expected to gain improved control over shared data and compliance with regulatory standards.

Ninth Wave founder expresses excitement about making their solutions available through Candescent’s platform, offering operational efficiencies and scalability. With headquarters in Atlanta, Candescent serves over 1,300 banks and credit unions, supporting nearly 30 million users. Farmers & Merchants Bank recently selected Candescent’s platform to enhance service delivery, showcasing the platform’s growing popularity and adoption within the industry.

Read more: Candescent and Ninth Wave launch integrated open data solution for banks