Ninth Wave, a leading provider of secure open finance connectivity for financial institutions, and Amazon Web Services, today announced the results of a new joint study concluding that banks using Ninth Wave's Compass onboarding assistant built with Amazon Bedrock can reduce onboarding integration testing by 95%. The findings mark a significant milestone in how financial institutions integrate with the broader Open Finance ecosystem, showing that work which previously took weeks of senior-engineer time can now be completed in minutes. A new white paper co-written with AWS shows that Compass, built on Amazon Bedrock, replaces weeks of manual work with a self-service experience for banks, aggregators, and fintech partners.
Ninth Wave and AWS announce joint study results
Compass onboarding assistant built on Amazon Bedrock
Reduces onboarding integration testing by 95%
Replaces spreadsheet- and email-driven workflows with centralized AI-governed process
Runs as multi-agent AI system with primary orchestrator and seven specialist agents
Uses Amazon Bedrock AgentCore for production scale and security
Open finance depends on banks connecting to a shared network through standardized APIs, but every bank implements its APIs differently, with its own field names, formatting conventions, and gaps relative to the Financial Data Exchange standard. Reconciling those differences before a bank can go live has traditionally required weeks of manual mapping and validation, slowing time-to-market and driving up integration costs for banks, aggregators, and fintech partners alike.
Compass runs as a multi-agent AI system: a primary orchestrator directs seven specialist agents, each handling one part of onboarding, from field mapping to interactive Q&A. Amazon Bedrock AgentCore makes this possible at production scale: it hosts and scales Ninth Wave's agents, mixes cost-efficient and high-reasoning models by task, and provides security controls designed with SOC 2 and PCI DSS requirements in mind. Together, Ninth Wave's onboarding expertise and AWS's managed AI and security infrastructure enabled a system that is both fast enough to eliminate a long-standing industry bottleneck and secure enough to earn the trust of banks, aggregators, and fintech partners operating in a highly regulated space.
"Our partnership with AWS and our co-authored study shows that banks using Compass with Amazon Bedrock can cut data mapping and integration testing, both time-consuming activities, by as much as 95%," said George Anderson, Founder and CEO of Ninth Wave. "These findings reflect more than a technical milestone - they demonstrate that AI will be the foundation of the next generation of Open Finance."
"Ninth Wave built Compass on AWS to solve a real pain point in open finance: making bank onboarding faster without compromising the security and compliance that regulated institutions demand. Going from concept to production on Amazon Bedrock AgentCore, they're now delivering measurable results for financial institution clients. It's exactly the kind of customer-focused innovation that shows what builders can do with AWS," said Todd Pond, Director of Strategic Sales at AWS.
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 banking ecosystem with white-glove service and operational simplicity. Founded in 2018, Ninth Wave is privately owned and based in New York City.
About Amazon Web Services
Amazon Web Services (AWS) is guided by customer obsession, pace of innovation, commitment to operational excellence, and long-term thinking. By democratizing technology for nearly two decades and making cloud computing and generative AI accessible to organizations of every size and industry, AWS has built one of the fastest-growing enterprise technology businesses in history. Millions of customers trust AWS to accelerate innovation, transform their businesses, and shape the future. With the most comprehensive AI capabilities and global infrastructure footprint, AWS empowers builders to turn big ideas into reality.
