The addition brings earlier visibility into scam-driven threats, helping Candescent customers further reduce the frequency, severity and operational impact of phishing-related and advanced account takeover attacks.

NEW YORK CITY, NY / ACCESS Newswire / May 20, 2026 / Memcyco today announced a strategic partnership with Candescent as a certified Marketplace partner. Memcyco, winner of Fast Company's 2025 ‘Next Big Things in Tech' award, will integrate directly within Candescent's Intelligent Banking platform and will be featured in its Marketplace of technology providers as an extensible identity and security solution. Memcyco's real-time scam and fraud detection technology integrates directly into Candescent's experience layer, which powers how financial institutions engage and serve customers across digital channels.

As scam-driven attacks become easier to launch with off-the-shelf tooling, attackers can operate at scale, reducing the time organizations have to detect and respond. At the same time, many existing controls remain focused on authentication and transaction monitoring, leaving a critical gap during the stages where users are exposed to impersonation and scam activity.

By embedding Memcyco's capabilities within the Candescent platform, banks and credit unions can identify and stop emerging, scam-driven threats in the moment, as customers interact-enabling faster intervention, reduced fraud losses, and stronger customer trust without disrupting the digital banking experience.

Expanding access to advanced fraud protection

Through this partnership with Memcyco, Candescent enables its clients to adopt capabilities that extend fraud detection into the stages where users are exposed to impersonation and scam activity.

This move will also bring preemptive enterprise-grade anti-fraud capabilities within reach for credit unions and regional financial institutions - for whom member trust is so important - enabling significant fraud reduction without expanding resources.

Where traditional fraud detection breaks down

Many financial institutions continue to rely on a combination of authentication controls, such as MFA and OTP, behavioral monitoring, and external threat intelligence. While essential, these approaches remain focused on authentication and transaction checkpoints and may overlook the stages at which users are exposed to impersonation and scam activity. At the same time, attackers increasingly exploit valid credentials, relayed sessions, and user-authorized access, allowing malicious activity to appear as legitimate user behavior.

Modern attack techniques, including Man-in-the-Middle (MiTM) and remote desktop takeover, further compound this challenge by enabling attackers to operate within seemingly legitimate sessions, often without triggering traditional alerts. As a result, many attacks are only identified once access is attempted or fraud is already underway, limiting the ability to intervene effectively.

Shifting detection earlier in the attack flow

Memcyco extends protection upstream, helping financial institutions identify and respond to scam-driven threats, including digital impersonation, phishing, and related attack methods, before credentials are abused or fraud is executed.

By identifying exposed users and suspicious activity at this stage of the attack, Memcyco enables institutions to intervene while the attack is still in progress, rather than after unauthorized access has been established or transactions have been initiated.

This approach reduces investigation time, operational overhead, and fraud-handling costs, while enabling faster, more targeted responses and improving overall fraud-prevention effectiveness.

Disrupting attacks while intervention is still possible

"Financial institutions are facing increasing pressure to detect and respond to fraud earlier, particularly as attacks become faster and more difficult to identify," said David Ness, Vice President, Fintech Partnerships at Candescent. "By partnering with Memcyco, we are enabling our clients to improve their ability to detect and respond to fraud earlier in the attack flow and better protect their customers from scam-driven threats."

Memcyco provides visibility into attacks, attackers, and affected users as attacks unfold, allowing institutions to take action before account takeover or other forms of fraud occur. This helps reduce both risk exposure and the operational burden associated with investigating and responding to fraud incidents.

"Candescent delivers the foundational digital banking experiences that gain customer and member trust by making everyday interactions seamless and secure. By integrating Memcyco directly into its platform, Candescent enables financial institutions to proactively protect their users from sophisticated fraud and impersonation attacks at scale," said Israel Mazin, CEO of Memcyco. "Becoming a certified Candescent partner reinforces a shared commitment to safeguarding digital banking experiences and equipping institutions with the tools they need to stay ahead of an increasingly complex threat landscape."

About Candescent

Candescent is defining the era of Intelligent Banking for banks and credit unions. Through its cloud-native platform, Candescent enables financial institutions to unify data, channels, and real-time intelligence to deliver differentiated customer experiences, accelerate growth, and deepen relationships across digital and physical banking channels. Candescent serves more than 1,300 financial institutions representing over 30 million registered users. For more information, visit www.candescent.com.

About Memcyco

Memcyco provides real-time protection against account takeover (ATO) and digital impersonation attacks by enabling organizations to detect and respond to threats before fraud is executed. By focusing on the stages where users are exposed to impersonation and attacker-controlled environments, Memcyco helps organizations identify and stop attacks before credentials are abused and access is established.

This approach enables organizations to intervene while attacks are still in progress, reducing fraud-related losses, lowering operational overhead, and strengthening compliance readiness. For more information, visit www.memcyco.com

Sheena Kretzmer

Email: sheena@memcyco.com

SOURCE: Memcyco LTD