PRESS RELEASE: Ninth Wave first to enable Open Banking with full support for Financial Data Exchange (FDX) API

Ninth Wave First to Enable Open Banking with Full Support for Financial Data Exchange FDX API

NEW YORK, March 05, 2019 (GLOBE NEWSWIRE) — Ninth Wave , a leading provider of software products for enterprise customers and Fintech enablers, has announced it is the first company to support the entire Financial Data Exchange (FDX) API specification within its flagship product, the Ninth Wave Platform. Ninth Wave’s products enable open banking by leveraging best-in-class proven software, best practices, and industry standard APIs to enhance existing digital offerings as well as bring new offerings to market.

Any company licensing Ninth Wave software is now able to support the FDX API out-of-the-box. This provides Ninth Wave customers with unparalleled time-to-market, competitive differentiation, and ROI advantages.

The initial and ongoing costs banks incur when developing, managing, and maintaining their own APIs are staggering. The Ninth Wave Platform allows banks to maintain secure APIs, built on industry standards, that third-party providers may consume; in addition, it provides banks with data monetization opportunities ranging from cost recovery to more lucrative revenue generation models. The Ninth Wave Platform can also make data sharing a two-way street for banks, meaning banks can source held away accounts for value-added advice and decision making.

About Ninth Wave

Ninth Wave delivers secure, seamless, and standardized data connectivity to fintechs and financial institutions of all sizes, through a single point of direct integration to a universal suite of open finance APIs. With configurable controls, visibility, and insights into all data sharing and data acquisition connections between aggregators, third-party apps, and internal applications, Ninth Wave empowers financial institutions and their customers with access and oversight to their connected apps, enabling secure data exchange in a holistic and scalable open finance ecosystem. Offering solutions for retail and commercial banks, wealth managers, credit card issuers, tax providers, and more, Ninth Wave provides unparalleled connectivity and universal compatibility to complex information systems, unlocking innovation, potential, and performance for your data. Contact us to learn more about Ninth Wave’s secure data connectivity features. Empowering open finance. At scale, at last.