Ninth Wave Launches Managed Services to Accelerate Open Finance Adoption

Ninth Wave, a provider of secure data connectivity for financial institutions and third-party applications, has introduced Ninth Wave Managed Services as a new division aimed at boosting the adoption of Open and Embedded Finance capabilities. The goal is to help banks deploy these features in under 90 days.

Ninth Wave supports direct connections for over 2,000 institutions by offering secure data connectivity between financial institutions and various applications, such as aggregators, fintech companies, accounting solutions, and tax preparation software.

Addressing Operational Challenges

The new division is designed to tackle the operational issues that arise when banks adopt cloud-native, API-first platforms. These include security protocols, regulatory compliance, and consumer consent frameworks. Ninth Wave Managed Services aims to simplify these complexities through its industry expertise and implementation support.

• Secure, API-first connectivity across ERP platforms like NetSuite, Sage, and Microsoft Dynamics.
• Real-time payments via entitlement-driven workflows that automate manual processes.
• Better wealth data connectivity, particularly for high-net-worth individuals.
• Co-branded API portals, marketing materials, and adoption initiatives to position banks as integration-ready partners.

About the Partnership with Candescent

In April 2025, Ninth Wave extended its partnership with Candescent, further enhancing their ability to share data securely through the Candescent platform. This collaboration supports over 250 banks and credit unions by enabling secure embedded finance integrations. The new partnership aims to provide modern APIs for secure and consumer-permissioned data sharing to financial institutions of all sizes.