NEW YORK--(BUSINESS WIRE)--Ninth Wave, the leading enabler of secure data connectivity between financial institutions and third-party applications including aggregators, fintechs, accounting solutions, tax prep software, and other consumer and business solutions, today announced that its flagship Ninth Wave Platform now supports Version 4.0 of the Financial Data Exchange (FDX) API.
Earlier this year, Ninth Wave was the first to offer an off-the-shelf FDX engine for financial institution clients. As a highly active and engaged member of the FDX consortium, Ninth Wave is committed being at the forefront of financial data standards, including the emerging FDX 4.0 API and all future FDX versions.
Ninth Wave has similarly supported the Open Financial Exchange (OFX) API since the protocol was first introduced over twenty years ago. The Ninth Wave Platform currently processes all versions of OFX, FDX, and other industry standard protocols.
Continued support for all existing and emerging data standards reinforces Ninth Wave’s commitment to enabling permissioned access to financial data through all the third-party tools that customers require. Ninth Wave’s experience and constant innovation enables the Company to provide a single, secure point of integration for its financial institution clients to share data with apps, aggregators, and other external software tools through whatever data protocol is required.
“Ninth Wave prides itself on offering our clients the full range of data connectivity and transaction processing options,” explained Jack Cassaro, Ninth Wave’s CTO. “As the first company to build a commercial FDX-compliant platform, we delivered on our promise to provide our clients with the most advanced paths for sharing consumer-permissioned financial data openly, safely, and securely. We constantly expand our platform’s capabilities – FDX 4.0 is just the most recent addition to our ever-growing ecosystem.”
About Ninth Wave
Ninth Wave is the leading enabler of secure data connectivity between financial institutions and third-party applications including aggregators, fintechs, accounting solutions, tax prep software, and other consumer and business solutions. The Company’s SaaS solution, the Ninth Wave Platform, provides financial institutions with a single, secure, scalable gateway that enables consumer and commercial customers to access their data on their terms. The Company’s technology has been deployed for over a decade at the world’s leading financial institutions, and current clients include three of the top five US banks and nine of the top ten US wealth managers. Ninth Wave, based in New York’s Financial District, was spun out from its former parent company, Enterprise Engineering, Inc. (EEI), in 2019. For more information, please visit ninth-wave.com.