CU 2.0 Podcast Episode  334 Doug Brown Candescent with Big Digital Banking News

Thank you for joining our podcast with Doug Brown of Candescent.

That’s no mistake.  I have talked with Doug many times but always before he has worn an NCR hat where he was president of digital banking.  Here’s one showanother , and one more.  .  Looking in my archive I find interview notes with him dating back a dozen years when he was at FIS.

But now, to quote the bard James Brown, poppa’s got a brand new bag.

Not exactly.  What  has happened is that NCR Voyix has bunded its digital portfolio and sold it for $2.4 billion (plus possible additional considerations) to  Veritas Capital, a private equity firm.  

Know this: Candescent comes on the market with a hefty dowry, to wit: “he largest independent platform of its kind in the United States and will continue to serve more than 1,300 financial institutions and over 29 million registered users.,” to quote the announcement release.

This is the first significant interview Brown has given since the acquisition but, as he says in the show, they’ve been busy at Candescent developing everything from a marketing plan to aa payroll system.

Also know: I am personally an end user of Candescent tools, namely the DI  momobile bike banking platform at Affinity Federal Credit Union in New Jersey.  You too might be a Candescent end user – the market presence is immense.

In the show Btown outlines Candescent’s plans  and why they believe they have the winning formula.

Recent Posts

Categories