Greenlight partners with Candescent to bring family banking to more financial institutions

Greenlight’s award-winning family finance solution is now available to hundreds of Candescent’s financial institution clients through an embedded mobile app experience

ATLANTA, October 31, 2024 — Greenlight® Financial Technology, Inc. (“Greenlight”), the fintech company on a mission to help parents raise financially smart kids, today announced a partnership with Candescent (formerly NCR Voyix), the largest independent digital banking platform in the United States. Through the Greenlight for Banks program, Greenlight’s family finance solution is now available on Candescent, providing banks and credit unions with a full suite of family banking tools to better serve families and improve financial literacy for the next generation. 

Candescent is giving financial institutions of all sizes the opportunity to offer Greenlight’s customized solution through an embedded mobile app experience, enabling clients to provide best-in-class family banking tools. Leveraging Greenlight’s new software development kit, financial institution clients can seamlessly embed Greenlight within their own mobile apps, instantly bringing their customers a better way to manage family finances.

93% of parents say it is important for financial institutions to provide financial literacy education for their children, yet only 16% say their current institution provides such services.* Greenlight’s family finance solution teaches kids and teens how to earn, save, give and spend wisely. Parents can send money instantly, automate allowance payments, manage chores, set flexible spending controls, get real-time notifications of all transactions, and more. Kids get hands-on money management experience, along with access to Greenlight Level Up™ an in-app financial literacy game with an industry-leading curriculum designed to empower young people with money skills and confidence.

“Many financial institutions don’t have the resources needed to build their own digital banking experience for families,” said Matt Wolf, SVP of Business Development at Greenlight. “Our Greenlight for Banks program allows us to bring Greenlight to hundreds of additional financial institutions, enabling them to add family banking to their mobile apps with rapid, turnkey integration.”

*Survey insights were collected by Greenlight through a Researchscape survey fielded between February 9-12, 2023, among 1,034 U.S. respondents, all of whom were parents of 8- to 18-year-olds.

About Greenlight

Greenlight Financial Technology is the family fintech company on a mission to help parents raise financially-smart kids. Its product, Greenlight, is an award-winning banking app, complete with a debit card for kids and teens and safety features for the whole family. Parents can automate allowance, manage chores, set flexible spending controls, and invest for their family’s future. Kids and teens learn to earn, save, spend wisely, give, and invest. Together, families can also stay safe and connected with location sharing, SOS alerts, crash detection with 911 dispatch, driving scores, reports and real-time trip alerts.

Greenlight partners with more than 90 leading banks, credit unions, and employers to bring its family finance solution to more families through the Greenlight for Banks, Greenlight for Credit Unions, and Greenlight for Work programs.

The Greenlight Debit Card is issued by Community Federal Savings Bank, member FDIC, pursuant to license by Mastercard International. Greenlight Investment Advisors, LLC, an SEC Registered Investment Advisor, provides investment advisory services to its clients. Investing involves risk and may include the loss of principal. Greenlight is a financial technology company, not a bank. The Greenlight app facilitates banking services through Greenlight's bank partners. For more information, please visit: greenlight.com.