How Ninth Wave built AI

Billy Odell Tucker-Robinson Founder & Host — Banking With Billy Network • Intelligence Network • Data Science • AI Research • World News
Published: 2026-09-14T16:06:15.586Z • Permanent link

Ninth Wave, a leading fintech firm, has successfully built Compass, a multi-agent AI onboarding assistant on Amazon Bedrock AgentCore. The AI-powered tool validates bank APIs against Financial Data Exchange (FDX) standards, scores compliance, and compresses open banking data. The development of Compass marks a significant milestone in Ninth Wave's efforts to transform the financial services landscape. The company's CEO, Jason Bates, has stated that the goal of Compass is to simplify the onboarding process for banks and financial institutions, enabling them to quickly integrate with new partners and expand their reach.

Compass is the result of a collaborative effort between Ninth Wave and Amazon Web Services (AWS), with the two companies working together to integrate Amazon's AgentCore platform with Ninth Wave's proprietary AI technology. The partnership has yielded a highly advanced onboarding solution that can process and validate a wide range of financial data, including customer information, transaction history, and account details. By leveraging Amazon's scalable cloud infrastructure, Ninth Wave has been able to deploy Compass to a global audience, providing financial institutions with a seamless and efficient onboarding experience.

Ninth Wave's focus on developing Compass is driven by the growing demand for open banking solutions. According to a recent report by the Financial Data Exchange (FDX), the global open banking market is expected to reach $1.3 trillion by 2025, with the number of banks and financial institutions adopting open banking solutions projected to exceed 50% by the end of the decade. As the financial services industry continues to evolve, Ninth Wave is well-positioned to capitalize on this trend with its innovative Compass platform.

Compass has significant implications for the financial services industry, particularly in terms of regulatory compliance. By validating bank APIs against FDX standards, Compass helps financial institutions ensure that their systems meet the required regulatory requirements. This not only reduces the risk of non-compliance but also enables banks to operate more efficiently and effectively. Moreover, Compass's ability to compress open banking data enables financial institutions to access a vast array of customer information, facilitating more personalized and targeted services.

The impact of Compass extends beyond the financial services industry, with far-reaching implications for research communities and markets. For example, the development of Compass has significant implications for the development of new financial models and algorithms, which are critical for predicting market trends and making informed investment decisions. Furthermore, the adoption of Compass by financial institutions is likely to drive innovation in the fintech sector, as companies seek to develop new applications and services that can leverage the power of open banking data.

The development of Compass is part of a larger trend towards increased collaboration between fintech firms and cloud infrastructure providers. Amazon Web Services (AWS) has been a driving force behind this trend, with its cloud platform providing a scalable and secure infrastructure for fintech companies to develop and deploy their solutions. Ninth Wave's partnership with AWS is a prime example of this trend, with the two companies working together to integrate their respective technologies and create a highly advanced onboarding solution.