How Ninth Wave Empowers Commercial Banking Customers

In an effort to enhance the customer experience, banks are reexamining how to best serve the day-to-day needs of their commercial customers, especially when it comes to managing payments. Offering online portals or mobile interfaces is not enough. Business users want to initiate and manage payments, schedule transfers, and reconcile transactions directly from the systems they already use, including accounting platforms, ERPs, and procurement tools.

While it is clear that these business users want to access banking functionality in their existing processes, exactly how banks plan to deliver embedded banking effectively and efficiently is less clear.

Build-vs-Buy?

Some banks explore the problem with a build mindset: developing an embedded solution internally. While this enables the bank to retain control of the process and fully customize the application, it can be difficult and costly to execute. Building customized capabilities often requires long development times and may burden internal resources and exceed internal experience levels. The new features may carry high ongoing maintenance costs as well as implementation and compliance risks.

With a buy mindset, seeking a purpose-built solution like Ninth Wave offers a compelling alternative for banks looking to offer enterprise payment solutions as part of a broader open finance strategy, especially for banks looking to offer embedded banking as part of a broader open finance strategy without incurring the cost and risk of building it themselves. Solved are the connection issues, security concerns, and compliance risks in a single shot, adding weight to this choice when evaluating options for a plan forward.

A Single Point of Connection for the Open Finance Ecosystem

Ninth Wave’s platform gives banks one point of connection to the full landscape of open finance. It includes the largest network of pre-integrated connections to leading accounting platforms, ERP systems, and financial applications, enabling enterprise payment solutions with minimal effort from internal teams.

With Ninth Wave’s platform, banks don’t have to develop and maintain individual integrations for each third-party application their clients use. Instead, they can plug into Ninth Wave’s ecosystem and immediately extend payment, reconciliation, and transfer functionality into the applications their customers use, increasing efficiency for the banks and their customers.

Full Control for the Customer and the Bank

A key design principle of Ninth Wave’s solution is control for both the customer and the bank. Rather than ceding access to external platforms or fintech intermediaries, banks retain full administrative authority over how their services are accessed. Through Ninth Wave’s infrastructure, banks can determine:

• Which clients are enabled for embedded access
• What account information is visible
• What transaction types are permitted
• What reporting and audit data is shared

This governance-first model supports internal security protocols, regulatory compliance, and risk oversight without limiting the customer’s experience.

Reducing Errors & Improving Consistency

From the end-customer’s perspective, embedded banking simplifies operations, reduces manual entry, and improves data consistency across platforms. For the bank, these benefits translate into fewer downstream issues, including a reduction in support calls, payment errors to correct, and compliance risks stemming from disjointed workflows.

When clients manage payments from within a tightly integrated, pre-approved environment, accuracy increases and operational friction decreases, making enterprise payment solutions a strategic asset.

Rapid Deployment Without Sacrificing Standards

Another compelling consideration for choosing Ninth Wave is the time savings. Developing an embedded payment platform in-house requires dedicated resources for coding and integration work, as well as extensive internal coordination across security, compliance, legal, and product teams to set-up and maintain. In many cases, this can stretch into multi-year initiatives.

Ninth Wave shortens this timeline dramatically. Banks can deploy embedded banking functionality to their commercial customers using a platform that’s already trusted, tested, and scalable without sacrificing control, security, or customization. It’s a strategic shortcut that honors institutional standards, allowing the bank to focus on their core competencies and services to their customers.

A Modern Enterprise Payment Solution That Serves the Bank First

The value of embedded banking extends beyond convenience. Embedded banking deepens customer relationships, encourages daily engagement, and positions the bank as an integrated part of the client’s operations instead of a separate destination.

Ninth Wave enables this transformation in a way that is structured for the bank, not to fit a third-party brand or competing financial platform. By partnering with a provider that understands banking, open finance, and enterprise integration at scale, banks gain the ability to meet evolving customer expectations through scalable, secure enterprise payment solutions while maintaining complete control of service delivery, security, and long-term strategy.

Choosing the Right Partner

Banks interested in providing embedded banking to their business clients need to add the functionality in a way that aligns with the bank’s priorities for security, control, cost efficiency, and speed-to-market. Ninth Wave provides a platform that makes this possible with minimal disruption and measurable impact to both banks and their clients.

If your team is currently evaluating how to bring embedded banking to market, Ninth Wave can help. Contact Ninth Wave today to get started.