Candescent has introduced a major advancement in its account opening and onboarding platform, Candescent Terafina. The platform allows banks and credit unions to have unprecedented control over the entire account opening experience. With nearly one in four consumers opening a new financial account at least once per year, offering fast, intuitive account opening capabilities is crucial. The Terafina Account Opening flexible templates allow institutions to minimize initial input requirements and move optional actions like debit card selection and online banking enrollment to when the account is live. This modernized flow boosts successful account opening rates and elevates experience without compromising compliance or back-office efficiency. The new capabilities include pre/post account workflow control, smarter joint applicant support, modern compliance automation, built-in security with name matching, and customized user roles for back-office staff. Candescent’s Terafina platform is more than a technology solution; it’s a strategic enabler, enabling banks and credit unions to deliver a frictionless, member-centric journey and strengthen their digital foundation.