Ninth Wave’s newly released Compass platform leverages AI and Amazon Bedrock to streamline API analysis and integration, slashing onboarding times for banks and fintech partners by up to 95%. The system promises enhanced security, faster workflows, and alignment with industry standards in open finance.
Ninth Wave has moved its Compass onboarding tool from announcement to live production, positioning the product as a way to cut the friction that banks face when joining open finance networks. The company says Compass helps financial institutions analyse APIs, identify gaps against Financial Data Exchange standards, and speed up integration work that once demanded weeks of specialist effort. According to Ninth Wave, the system also gives bank developers and fintech partners a self-service route for technical questions and onboarding tasks.
The pitch reflects a broader problem in open finance: each bank tends to expose data in slightly different formats, field names and technical conventions, which can make validation and mapping slow and labour-intensive. Ninth Wave says its platform acts as a single integration layer for banks and their partners, connecting to aggregators such as Plaid, Finicity and MX, as well as accounting products including Intuit QuickBooks, Xero and Sage. In a January 2026 announcement, the company described Compass as an AI-driven assistant built to replace manual trial-and-error with faster, more predictable onboarding.
AWS said Compass is built on Amazon Bedrock AgentCore and uses a multi-agent design rather than a single general-purpose assistant. In the AWS account of the project, one orchestrator routes work to specialist agents for search, document question answering, field mapping, document classification, analysis, guided workflows and readiness scoring. The company says that structure keeps each task tightly scoped, while tenant-specific grounding ensures one bank’s data does not bleed into another bank’s session.
Security and governance are central to the design, which matters because Compass serves both internal teams and external partners. AWS said the system uses edge protection, OAuth2/OpenID Connect identity checks with multi-factor authentication, least-privilege access controls, encryption in transit and at rest, and per-tenant storage boundaries in OpenSearch Service and Amazon S3. Ninth Wave says that approach is intended to support its existing compliance posture, including alignment with SOC 2 and PCI DSS requirements.
The company says the result is a 95% reduction in API mapping and analysis time, with tasks that once took weeks now completed in minutes. A joint study cited by AWS and Ninth Wave said the platform also reduces back-and-forth between banks, aggregators and fintech partners by giving users a shared workspace and immediate AI support. Ninth Wave says Compass reached beta clients on 1 March 2026, became production-ready on 15 May 2026 and went generally available on 1 June 2026.
Disclaimer: This article is intended to inform and educate, not to recommend or endorse any financial product, investment or strategy. Please consider your own financial circumstances and seek professional advice where appropriate before making financial decisions.
