Ninth Wave has developed an AI-powered onboarding assistant called Compass, utilizing Amazon Bedrock AgentCore to streamline the process of integrating with open finance networks. This system addresses the challenge of varying API standards across financial institutions by normalizing them to the Financial Data Exchange (FDX) standard. Compass employs a multi-agent architecture, allowing specialized agents to handle specific tasks like API validation, field mapping, and readiness scoring, thereby improving efficiency and accuracy. The platform is designed to meet stringent financial services compliance standards, including SOC 2 and PCI DSS, while providing a secure, collaborative environment for bank engineers and third-party application developers. AI
IMPACT Demonstrates practical application of multi-agent AI for streamlining complex financial data integration and compliance.
RANK_REASON This is a case study of a company using a cloud provider's AI platform for a specific business process, not a new model release or core AI research.
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- Amazon Bedrock
- Amazon Bedrock Agent Core
- FedEx Express
- Financial Data Exchange
- The Ninth Wave
- Amazon Bedrock AgentCore
- AWS
- Finicity
- Open Finance
- Payment Card Industry Data Security Standard
- Plaid Financial
- Intuit QuickBooks
- Sage
- soc-2
- Xero Limited
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