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NEWS · COMPANIES · #221

Ninth Wave built Compass — an AI multi-agent open-finance onboarding assistant on Amazon Bedrock

Ninth Wave developed Compass, a multi-agent AI onboarding assistant running on Amazon Bedrock AgentCore that validates bank APIs against Financial Data Exchange (FDX) standards, assigns compliance scores, and reduces open-finance onboarding from weeks to minutes while meeting SOC 2 and PCI DSS requirements, according to AWS Machine Learning.

KEY POINTS

  1. Ninth Wave developed Compass, a multi-agent AI onboarding assistant running on Amazon Bedrock AgentCore that validates bank APIs against Financial Data Exchange (FDX) standards, assigns compliance scores, and reduces open-finance onboarding from weeks to minutes while meeting SOC 2 and PCI DSS requirements, according to AWS Machine Learning.
  2. This demonstrates a practical use of Amazon Bedrock for automating and accelerating compliance-heavy open-finance onboarding workflows.
  3. How Ninth Wave built AI-powered open finance onboarding on Amazon Bedrock

WHY IT MATTERS

This demonstrates a practical use of Amazon Bedrock for automating and accelerating compliance-heavy open-finance onboarding workflows.

SOURCES & TIMELINE

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AWS MACHINE LEARNING FIRST-PARTY
How Ninth Wave built AI-powered open finance onboarding on Amazon Bedrock

Financial institutions participating in open finance (the network where banks share customer-authorized financial data with third-party applications through standardized APIs) face a persistent integration challenge. Every bank exposes APIs with its own field names, formatting conventions, and gaps relative to the Financial Data Exchange (FDX) standard. Validating those APIs, mapping fields, and scoring readiness for…

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