Candescent Expands to Bangalore, Accelerating Digital Banking Software Development
Candescent, the largest independent digital banking platform in the United States, has officially inaugurated its new office in Bangalore, India. This strategic expansion aims to bolster the company’s global talent investment and expedite product delivery. The ribbon-cutting ceremony, held at the International Tech Park, marks a significant milestone in Candescent’s commitment to innovation and growth.
The new Bangalore office, doubling the size of the previous facility, will serve as a regional innovation hub for over 200 team members. This team has been instrumental in developing Candescent’s next-generation user experience, characterized by a modern design, flexible architecture, and data-driven insights. These advancements enable banks and credit unions to customize digital banking experiences and integrate third-party fintech partners seamlessly.
Brendan Tansill, CEO of Candescent, emphasized the company’s dedication to innovation, stating, “Innovation is the lifeblood of our organization, which is why we continue to invest in top technology talent across the globe.” He added that the new Bangalore office would provide a welcoming environment for the team and facilitate accelerated talent recruitment, furthering the company’s commitment to enhancing its digital banking platform.
Gareth Gaston, Chief Product Officer at Candescent, highlighted the critical role of the Bangalore team in bringing the next-generation user experience to life. He noted that the new foundation enables better support for financial institutions in differentiating, growing, and future-proofing their organizations. Gaston also expressed plans to expand the Bangalore team by adding designers, product managers, and agile professionals to create empowered teams that own products end-to-end.
Candescent’s expansion in Bangalore is part of a broader growth strategy. The company plans to continue hiring in the area across various roles, including product, design, agile, and engineering. Additionally, Candescent is set to open two new offices in New York this spring for its corporate and finance teams. The company also maintains offices in Hyderabad and Mumbai, India.
Anshuman Vatsyayan, Center Head for Candescent’s Bangalore office, expressed enthusiasm about the expansion, stating, “Bangalore produces some of the strongest technology talent in India, and we are excited to enhance our presence in this vibrant ecosystem.” He added that the new space would foster an inclusive, collaborative environment that enables the team to innovate with increased speed and efficiency.
Candescent’s commitment to innovation and customer-centric solutions has been evident in its recent partnerships and product developments. The company has expanded its relationship with Sound Credit Union, adding digital account opening and onboarding, as well as self-service features like credit score and continuous verification. This collaboration aims to support Sound Credit Union’s growth and enhance member experiences.
Furthermore, Candescent has partnered with Greenlight Financial Technology to offer family finance solutions to its financial institution clients. Through this partnership, banks and credit unions can provide family banking tools via an embedded mobile app experience, promoting financial literacy and engagement among younger users.
Candescent’s digital banking platform is built on an API-first microservices architecture, allowing financial institutions to customize solutions to meet their unique needs. The platform offers a range of features, including consumer and business digital banking, data analytics, marketing and communications tools, and administrative operations support. These offerings enable banks and credit unions to deliver personalized, seamless experiences across digital and physical channels.
The company’s data analytics capabilities provide financial institutions with actionable insights and on-demand reporting, facilitating data-driven decision-making. By understanding user behaviors and preferences, institutions can enhance engagement, optimize operations, and identify cross-sell opportunities.
Candescent’s growth and innovation are further supported by its recent acquisition by Veritas Capital. In September 2024, Veritas Capital completed the acquisition of NCR Voyix’s Digital Banking business for $2.45 billion, rebranding it as Candescent. As a standalone company under Veritas Capital, Candescent continues to serve over 1,300 financial institutions and nearly 30 million registered users, focusing on delivering extraordinary customer experiences and developing new products to expand its value proposition.
The opening of the new Bangalore office signifies Candescent’s ongoing commitment to investing in top technology talent and driving innovation in digital banking. By expanding its presence in India’s vibrant tech ecosystem, the company aims to accelerate product development and better support financial institutions in their digital transformation journeys.
For more information about Candescent and its digital banking solutions, visit www.candescent.com.
