Ninth Wave has launched Compass, an AI-driven onboarding assistant designed to radically simplify and accelerate the integration of financial institutions into the open finance ecosystem. The solution automates the complex analysis of bank APIs, eliminates trial-and-error processes, and delivers faster, more predictable onboarding timelines.
Ninth Wave launches Compass, an AI-driven assistant for open finance onboarding.
The tool automates API analysis to identify gaps and compliance issues with standards.
It generates detailed AI-driven API mapping guides to eliminate manual guesswork.
Compass provides AI-powered technical support with natural-language Q&A.
The solution aims to remove friction from the most complex parts of integration.
It enables financial institutions to achieve faster, more predictable time-to-market.
Onboarding has traditionally been a major bottleneck in open finance integration, involving slow, manual processes to align APIs with standards, reconcile data formats, and validate workflows. Compass transforms this model by serving as an intelligent guide throughout the journey. It uses AI-powered automation to analyze and test a bank's APIs, proactively identifying gaps, inconsistencies, or mismatches that must be resolved for compliance with open finance standards.
Compass evaluates critical components such as how account and transaction data are formatted, how customer consent is managed, and how authentication processes operate. Rather than relying on lengthy back-and-forth, it surfaces issues and provides clear, actionable guidance on required changes. A key feature is its ability to generate a detailed, AI-driven API mapping guide that shows how each field in a bank's API should connect to the Ninth Wave platform, significantly improving accuracy and eliminating trial-and-error cycles.
Beyond analysis, Compass introduces AI-powered onboarding technical support. It uses generative AI to deliver immediate, context-aware answers to complex integration questions, reducing the burden on bank engineering teams. Intelligent documentation agents allow users to ask natural-language questions about APIs and receive clear responses in real time, eliminating time-consuming research and helping resolve issues quickly to maintain momentum.
By applying AI to remove friction from the most complex parts of onboarding, Compass provides financial institutions with greater clarity, predictability, and confidence in their integration timelines. This enables banks to go live faster and focus on delivering value to their customers through open finance.
About Ninth Wave
Ninth Wave is the leading provider of secure data connectivity between financial institutions and third-party applications, including aggregators, fintechs, accounting solutions, ERP systems, and other business tools. Ninth Wave is the most comprehensive provider of open finance connectivity, delivering a single, unified platform that connects financial institutions to the entire open finance ecosystem with white-glove service and operational simplicity. Founded in 2018, Ninth Wave is privately owned and based in New York City.
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