US digital banking platform Candescent has expanded its partnership with Ninth Wave to launch an integrated open data solution for banks and credit unions. The new offering is designed to facilitate secure, API-based, consumer-permissioned data sharing for banks and credit unions of all sizes. The development aims to support institutions in enhancing customer experience, operational efficiency, and regulatory compliance, including adherence to the US Consumer Financial Protection Bureau’s Rule 1033. The expanded collaboration seeks to replace traditional data-sharing practices—such as screen scraping and manual uploads—with modern, transparent alternatives. The new solution offers seamless integration with third-party applications used by both retail and business banking customers. Candescent chief product officer Gareth Gaston said: “With our integrated solution, banks and credit unions will be able to access Ninth Wave open data capabilities from within the Candescent digital banking platform. By adopting this model, financial institutions are expected to gain improved control over shared data, as well as stronger compliance with evolving regulatory standards. Ninth Wave founder and CEO George Anderson said “This partnership will allow financial institutions of all sizes to gain the operational efficiencies, reliability, and scalability of a single point of integration to open finance APIs and business applications.”