ATLANTA — Banking technology provider Candescent has named Jason Edelboim as its new chief executive officer, succeeding Brendan Tansill, who is stepping down to pursue other opportunities, according to the company.
Candescent said Edelboim will lead the company as it seeks to expand its artificial intelligence-driven banking platform, which serves more than 1,300 banks and credit unions and more than 30 million registered users.
The company said Edelboim will focus on accelerating innovation across its Intelligent Banking Platform, which is designed to help financial institutions use real-time data and intelligence to improve customer and member experiences.
‘Forefront of Shift’
“Banking is moving from digital to intelligent, and Candescent is at the forefront of this shift,” Edelboim said in a statement released by the company. “The winners will be the institutions, and the platforms, that move with speed, trust, and intelligence.”
Edelboim thanked Tansill for helping establish Candescent as a standalone business and positioning it for future growth.
According to Candescent, Edelboim brings nearly 20 years of experience in artificial intelligence, data and enterprise software. Most recently, he served as CEO of talent acquisition software company iCIMS, where he led the company’s expansion into AI-powered hiring technology.
Before joining iCIMS, Edelboim was president and chief operating officer of Dataminr, an artificial intelligence platform focused on real-time event, threat and risk intelligence. He also held senior leadership roles at Cision and PR Newswire.
‘Well Positioned’
Ramzi Musallam, CEO and managing partner of investment firm Veritas Capital, said in a statement that Edelboim’s experience scaling software and AI-enabled platforms makes him well positioned to lead the company through the next phase of growth.
“Candescent has established itself as the leader in Intelligent Banking, and Jason’s proven ability to scale enterprise software and AI-enabled platforms positions the company to extend that lead,” Musallam said.
Candescent said it views the banking industry as entering a new phase in which institutions move beyond digital services and increasingly rely on artificial intelligence and real-time intelligence tools to serve customers and members.
The company provides cloud-based technology for account opening, consumer and business banking, digital banking and branch operations, and serves banks and credit unions across the United States.
