Ninth Wave launches ‘Portal’ to help US FIs monetise Open Finance data sharing
Ellie Duncan | News
18 Aug 2025
US-based Ninth Wave, which provides Open Finance connectivity solutions, has unveiled its “next generation” Ninth Wave ‘Portal’, to enable banks to monetise Open Finance data sharing.
The new Portal, which can be used along with Ninth Wave’s Open Finance direct connection platform, monitors and measures Open Finance data to give financial institutions (FIs) insights into security and usage patterns by fintechs and other third parties.
Ninth Wave called its new Portal the “financial institution’s window into their Open Finance ecosystem”, thereby “removing guesswork and increasing transparency”.
By seeing which third-party applications their customers use, FIs can create new revenue opportunities, and more accurately charge fintechs and other third-party users of their data, Ninth Wave said in a statement.
The Portal’s analytics and intelligence feature is designed to detect all data requests originating from external applications made on behalf of financial institutions’ customers and, from that, can identify the applications that are accessing data from the FI, as well as which fintech applications are accessing data via aggregator partnerships.
The feature can also identify the volume of requests per application, the number and identity of customers taking advantage of the connectivity, and the performance and uptime statistics for the Open Finance APIs.
George Anderson, founder and chief executive officer of Ninth Wave, said: “We’ve always believed the future of finance is permissioned, embedded, and bank-led.
“As banks regain control over data sharing, Ninth Wave’s Portal enables them to securely manage and monetise permissioned data through value-added services, unlocking new revenue streams.”
Ninth Wave’s platform powers direct connections for more than 2,000 institutions and 120 million accounts, and counts seven of the top 10 US banks and eight of the top 10 US wealth managers among its clients.
In June, Ninth Wave launched a managed services division to help FIs to deploy Open Finance and embedded finance capabilities, such as enterprise resource planning integrations, embedded payments, and wealth data connectivity.
