How Ninth Wave built AI-powered open finance onboarding on Amazon Bedrock | Amazon Web Services
Financial institutions participating in open finance (the network where banks share customer-authorized financial data with third-party applications through standardized APIs) face a persistent integration challenge. Every bank exposes APIs with its own field names, formatting conventions, and gaps relative to the Financial Data Exchange (FDX) standard. Validating those APIs, mapping fields, and scoring readiness for production connectivity has traditionally required weeks of specialist effort across email threads and spreadsheets.
Ninth Wave provides secure data connectivity between financial institutions and third-party applications, connecting them to aggregators such as Plaid, Finicity, and MX, and accounting systems including Intuit QuickBooks, Xero, and Sage. The system normalizes bank APIs to FDX standards so that a bank integrates once to the Ninth Wave platform and reaches the entire open finance network. To further enhance onboarding efficiency and responsiveness, Ninth Wave built Compass, an AI-enabled onboarding assistant powered by Amazon Bedrock AgentCore. Compass provides a...
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