Ninth Wave Launches New Managed Services Division for Open Finance

Ninth Wave, a key player in providing secure data connectivity between financial institutions and third-party applications such as aggregators, fintech companies, accounting solutions, and tax preparation software, has recently introduced its Managed Services division. This new initiative is designed to accelerate the adoption of Open and Embedded Finance capabilities by supporting financial institutions with the deployment of ERP integrations, embedded payments, and wealth data connectivity in less than 90 days.

Addressing Complexities in Open Finance Implementation

As more banks move towards cloud-native and API-first platforms, they face challenges related to security protocols, regulatory compliance, and consumer consent frameworks. Ninth Wave Managed Services aims to tackle these complexities by leveraging its industry expertise and offering comprehensive implementation support.

Key Capabilities Offered by Ninth Wave Managed Services

The new division focuses on facilitating the following advanced capabilities:

• Secure, API-first connectivity across ERP platforms like NetSuite, Sage, and Microsoft Dynamics.

• Real-time payments through entitlement-driven workflows to automate manual processes.

• Enhanced wealth data connectivity for high-net-worth households.

• Co-branded API portals, marketing materials, and adoption initiatives that position banks as integration-ready partners.

Extending Partnership with Candescent

In April 2025, Ninth Wave expanded its partnership with Candescent to enhance data sharing capabilities through the Candescent platform. This collaboration supports over 250 banks and credit unions by offering secure embedded finance integrations. With the introduction of Candescent Open Data Solutions, financial institutions can now leverage modern APIs for secure, consumer-permissioned data exchanges.