Ninth Wave Develops AI-Powered Open Finance Onboarding on Amazon Bedrock

Ninth Wave has developed a sophisticated AI-driven onboarding system called Compass, designed to facilitate faster and more secure integration of banks into the open finance network. This system utilizes Amazon Bedrock AgentCore to deploy a multi-agent architecture that handles various tasks such as API validation, field mapping, and compliance scoring.

The Compass platform addresses key challenges faced by financial institutions, including the complexity of API integration, the need for consistent data standards, and strict regulatory compliance. By normalizing bank APIs to the Financial Data Exchange (FDX) standards, Ninth Wave enables a single integration point that connects to multiple open finance networks, significantly reducing onboarding time.

The system architecture employs a multi-agent approach, with each agent dedicated to specific tasks like search, documentation Q&A, field mapping, and readiness analysis. Amazon Bedrock AgentCore manages these agents, providing enterprise-grade security, scalability, and task-specific model selection. Tenant-scoped grounding ensures that each bank’s data remains isolated, maintaining privacy and compliance.

Security measures include edge protections via Amazon CloudFront and AWS WAF, multi-factor authentication, data encryption, and strict access controls aligned with SOC 2 and PCI DSS standards. The deployment process involved phased development, from infrastructure setup to security hardening and beta launch, culminating in a production environment that supports real-time monitoring and CI/CD pipelines.

Results from the deployment demonstrate a 95% reduction in API mapping and analysis time, improved collaboration among teams, and enhanced self-service capabilities for external developers. The platform’s observability features enable ongoing performance tracking and operational adjustments.

Overall, Ninth Wave’s Compass exemplifies how AI and cloud infrastructure can transform financial onboarding processes, providing faster, more secure, and compliant integrations that support the evolving needs of open finance.