Latest news with #NinthWave
Yahoo
2 days ago
- Business
- Yahoo
Ninth Wave Enables Banks to Monetize Open Finance Data Sharing
Ninth Wave's new Portal allows banks to monitor and measure data usage by fintechs and other third parties NEW YORK, August 14, 2025--(BUSINESS WIRE)--Ninth Wave, a leading provider of open finance connectivity solutions, announced the launch of its next-generation Ninth Wave Portal, used along with its open finance direct connection platform. The Portal closely monitors and measures all aspects of open finance data, giving financial institutions (FIs) full control over data sharing while providing deeper insights into security and usage patterns. The Portal will enable FIs to monetize data sharing if they choose, creating new revenue streams from open finance. Following reports that JPMorgan Chase plans to charge fintechs for access to customer banking account data, the entire banking industry is considering how to participate in this new revenue stream. To do that, FIs will need software capable of precisely measuring and controlling usage. Commenting on the news, George Anderson, founder and CEO of Ninth Wave, said: "We've always believed the future of finance is permissioned, embedded, and bank-led. As banks regain control over data sharing, Ninth Wave's Portal enables them to securely manage and monetize permissioned data through value-added services, unlocking new revenue streams." Measuring to MonetizeThe Ninth Wave Portal serves as the financial institution's window into their open finance ecosystem, removing guesswork and increasing transparency. By controlling data flows and protecting against threats, the FI remains central to customer trust – making sure all data interactions are securely integrated, permissioned, and compliant with privacy requirements. FIs can now spot business opportunities based on which third-party applications their customers use and accurately charge fintechs and other third-party users of their data. The Ninth Wave Portal's Analytics and Intelligence feature detects all data requests originating from external applications made on behalf of financial institutions' customers, and identifies the following: - Which applications are accessing data from the FI - Which fintech applications are accessing data through aggregator partnerships - What is the volume of requests per application - How many customers are taking advantage of the connectivity and who are they - What are the performance and uptime statistics for the open finance APIs Monitor to Manage SecurityThe Ninth Wave Portal's Fintech Registry™ feature allows FIs to manage risk across the fintech ecosystem by providing a complete view of who and how data is being shared. If the FI detects suspicious activity, they can quickly revoke access for a person, business, fintech application, or ecosystem partner. This is a vital tool for maintaining data security, privacy, and control to protect against financial threats. The Fintech Registry™ also offers additional functions to monitor fintech level entitlements at the customer level, ensuring all data exchanges between customers and fintechs are securely integrated and permissioned. For more information about The Portal, please visit the Ninth Wave website About Ninth WaveNinth Wave is the leading provider of secure data connectivity between financial institutions and third-party applications including aggregators, fintechs, accounting solutions, tax preparation software, and other consumer and business solutions. The company's platform powers direct connections for over 2,000 institutions and 120 million accounts, with seven of the top 10 U.S. banks and eight of the top 10 U.S. wealth managers among its current clients. Ninth Wave was founded in 2018, is privately held and headquartered in New York City. For more information, visit View source version on Contacts George Ravichgravich@
Business Wire
2 days ago
- Business
- Business Wire
Ninth Wave Enables Banks to Monetize Open Finance Data Sharing
NEW YORK--(BUSINESS WIRE)--Ninth Wave, a leading provider of open finance connectivity solutions, announced the launch of its next-generation Ninth Wave Portal, used along with its open finance direct connection platform. The Portal closely monitors and measures all aspects of open finance data, giving financial institutions (FIs) full control over data sharing while providing deeper insights into security and usage patterns. The Portal will enable FIs to monetize data sharing if they choose, creating new revenue streams from open finance. Ninth Wave Enables Banks to Monetize Open Finance Data Sharing with its new Portal. Banks can monitor and measure data usage by fintechs and other third parties. Share Following reports that JPMorgan Chase plans to charge fintechs for access to customer banking account data, the entire banking industry is considering how to participate in this new revenue stream. To do that, FIs will need software capable of precisely measuring and controlling usage. Commenting on the news, George Anderson, founder and CEO of Ninth Wave, said: 'We've always believed the future of finance is permissioned, embedded, and bank-led. As banks regain control over data sharing, Ninth Wave's Portal enables them to securely manage and monetize permissioned data through value-added services, unlocking new revenue streams.' Measuring to Monetize The Ninth Wave Portal serves as the financial institution's window into their open finance ecosystem, removing guesswork and increasing transparency. By controlling data flows and protecting against threats, the FI remains central to customer trust – making sure all data interactions are securely integrated, permissioned, and compliant with privacy requirements. FIs can now spot business opportunities based on which third-party applications their customers use and accurately charge fintechs and other third-party users of their data. The Ninth Wave Portal's Analytics and Intelligence feature detects all data requests originating from external applications made on behalf of financial institutions' customers, and identifies the following: - Which applications are accessing data from the FI - Which fintech applications are accessing data through aggregator partnerships - What is the volume of requests per application - How many customers are taking advantage of the connectivity and who are they - What are the performance and uptime statistics for the open finance APIs Monitor to Manage Security The Ninth Wave Portal's Fintech Registry™ feature allows FIs to manage risk across the fintech ecosystem by providing a complete view of who and how data is being shared. If the FI detects suspicious activity, they can quickly revoke access for a person, business, fintech application, or ecosystem partner. This is a vital tool for maintaining data security, privacy, and control to protect against financial threats. The Fintech Registry™ also offers additional functions to monitor fintech level entitlements at the customer level, ensuring all data exchanges between customers and fintechs are securely integrated and permissioned. For more information about The Portal, please visit the Ninth Wave website 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, tax preparation software, and other consumer and business solutions. The company's platform powers direct connections for over 2,000 institutions and 120 million accounts, with seven of the top 10 U.S. banks and eight of the top 10 U.S. wealth managers among its current clients. Ninth Wave was founded in 2018, is privately held and headquartered in New York City. For more information, visit
Finextra
17-06-2025
- Business
- Finextra
Ninth Wave launches new managed services division for open finance
Ninth Wave, a leading provider of Open Finance connectivity solutions, today announced the launch of Ninth Wave Managed Services, a new division focused on helping financial institutions deploy open and embedded finance capabilities such as ERP integrations, embedded payments, and wealth data connectivity – in under 90 days. 0 As banks continue to adopt cloud-native, API-first platforms, they face operational challenges tied to security protocols, regulatory compliance, and consumer consent frameworks. Ninth Wave Managed Services addresses these pain points with deep industry expertise and hands-on implementation support. Steve Schick joins Ninth Wave as Head of Managed Services, bringing extensive experience in financial services cloud technology from his tenure at Amazon Web Services (AWS), where he served as the company's first enterprise-level hire focused exclusively on financial services. In that role, he led North American go-to-market initiatives and helped overcome early initial industry concerns about cloud security for regulated institutions. 'As the industry embraces modern, API-first infrastructure, the biggest hurdles are often operational, not technological,' said George Anderson, Ninth Wave's Founder. 'Steve brings the experience and mindset needed to help clients execute faster, with less risk and more impact.' The new division will follow Ninth Wave's Plan, Build, and Operate methodology combining technical execution with compliance/regulatory alignment and user adoption strategies. The focus will be on accelerating customer onboarding and delivering high impact capabilities such as: * Secure, API-first connectivity across ERP platforms like NetSuite, Sage, and Microsoft Dynamics * Real-time payments with entitlement driven workflows and automation of manual processes * Enhanced wealth data connectivity, particularly for high net worth households * Co-branded API portals, marketing assets, and adoption campaigns that position banks as integration-ready partners 'I'm excited to join Ninth Wave and contribute to its mission of simplifying open and embedded finance for financial institutions and their account holders,' said Schick. 'I look forward to building on the platform's proven capabilities to deliver meaningful results for our clients.'
Yahoo
23-04-2025
- Business
- Yahoo
Candescent and Ninth Wave launch integrated open data solution for banks
US digital banking platform Candescent has expanded its partnership with Ninth Wave to launch an integrated open data solution for banks and credit unions. The new offering is designed to facilitate secure, API-based, consumer-permissioned data sharing for banks and credit unions of all sizes. The development aims to support institutions in enhancing customer experience, operational efficiency, and regulatory compliance, including adherence to the US Consumer Financial Protection Bureau's Rule 1033. Candescent and Ninth Wave currently support over 250 banks and credit unions through their joint ecosystem. The expanded collaboration seeks to replace traditional data-sharing practices—such as screen scraping and manual uploads—with modern, transparent alternatives. The new solution offers seamless integration with third-party applications used by both retail and business banking customers. Candescent chief product officer Gareth Gaston said: 'With our integrated solution, banks and credit unions will be able to access Ninth Wave open data capabilities from within the Candescent digital banking platform. 'We're helping financial institutions enhance the user experience, drive new revenue streams and strengthen industry partnerships – all while helping to ensure their compliance within upcoming regulatory changes.' By adopting this model, financial institutions are expected to gain improved control over shared data, as well as stronger compliance with evolving regulatory standards. Ninth Wave founder and CEO George Anderson said: 'We're thrilled to make Ninth Wave solutions available through the Candescent digital banking platform as part of our long-standing partnership. 'This partnership will allow financial institutions of all sizes to gain the operational efficiencies, reliability, and scalability of a single point of integration to open finance APIs and business applications.' Headquartered in Atlanta, Candescent serves more than 1,300 banks and credit unions, catering to nearly 30 million registered users. Earlier this month, Stuttgart, Arkansas-based Farmers & Merchants Bank selected Candescent's digital banking platform to enhance service delivery. "Candescent and Ninth Wave launch integrated open data solution for banks" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Business Wire
22-04-2025
- Business
- Business Wire
Candescent Extends Partnership With Ninth Wave, Introducing New Integrated Open Data Solution for Banks and Credit Unions
ATLANTA--(BUSINESS WIRE)-- Candescent, a leading independent digital banking technology provider, and Ninth Wave, provider of single point connectivity to the open banking ecosystem, today announced the expansion of their strategic partnership, further enhancing data sharing capabilities through the Candescent platform. Candescent launches Open Data Solutions with Ninth Wave to further enhance data sharing capabilities through the Candescent platform. Candescent and Ninth Wave have a long-standing relationship, supporting more than 250 banks and credit unions with secure embedded finance integrations through Candescent's digital banking platform. The launch of Candescent Open Data Solutions with Ninth Wave enables financial institutions of all sizes to now leverage modern APIs for secure, consumer-permissioned data sharing. This approach improves customer experience and operational efficiency while supporting regulatory compliance with Personal Financial Data Rights and CFPB Rule 1033. 'We're thrilled to make Ninth Wave solutions available through the Candescent digital banking platform as part of our long-standing partnership,' said George Anderson, Founder and CEO of Ninth Wave. 'This partnership will allow financial institutions of all sizes to gain the operational efficiencies, reliability, and scalability of a single point of integration to open finance APIs and business applications." Candescent Open Data Solutions with Ninth Wave offers high levels of transparency and control, providing access to and oversight of shared banking consumer data. This solution enables financial institutions to integrate into the apps and third-party solutions used by retail and business customers while maintaining data privacy and compliance, while avoiding third-party screen-scraping and manual data upload processes. 'Ninth Wave is a domain expert in connectivity for open finance. Like Candescent, it understands that more reliable, secure, consumer-permissioned data sharing is a strategic imperative that must be addressed,' said Gareth Gaston, Chief Product Officer of Candescent. 'With our integrated solution, banks and credit unions will be able to access Ninth Wave open data capabilities from within the Candescent digital banking platform. We're helping financial institutions enhance the user experience, drive new revenue streams and strengthen industry partnerships – all while helping to ensure their compliance within upcoming regulatory changes.' Candescent CPO Gareth Gaston and Ninth Wave Founder George Anderson will be speaking more about 1033 compliance and open banking requirements today at the FDX Global Summit. Learn more about the event here. About Candescent Atlanta, Ga.-based Candescent is the largest independent digital banking platform in the United States. With a comprehensive, digital-first product suite, Candescent drives success for its financial institution clients by delivering a seamless experience that elevates and connects digital and physical banking channels. Candescent currently serves more than 1,300 banks and credit unions representing nearly 30 million registered users. For more information, visit and About Ninth Wave Ninth Wave is the market standard for secure, enterprise-grade data connectivity between financial institutions and third-party applications—including aggregators, fintechs, accounting platforms, tax prep software, and other consumer and business solutions. Our platform has been deployed at scale for over a decade and powers open finance for dozens of marquee institutions across banking and wealth management. For more information, please visit
