Ninth Wave Launches Managed Services Division to Accelerate Open Finance Adoption

To meet the growing demand for streamlined connectivity, Ninth Wave has launched its new open finance managed services division. This initiative aims to simplify how financial institutions handle API integrations, offering a secure, scalable, and compliant approach to open finance adoption.

Ninth Wave, a leading provider of Open Finance connectivity solutions, announced the launch of Ninth Wave Managed Services, a new division focused on helping financial institutions deploy open and embedded finance capabilities such as ERP integrations, embedded payments, and wealth data connectivity – in under 90 days.

As banks continue to adopt cloud-native, API-first platforms, they face operational challenges tied to security protocols, regulatory compliance, and consumer consent frameworks. Ninth Wave Managed Services addresses these pain points with deep industry expertise and hands-on implementation support. Ninth Wave’s open finance managed services are built to reduce operational burdens while improving integration timelines.

Steve Schick joins Ninth Wave as Head of Managed Services, bringing extensive experience in financial services cloud technology from his tenure at Amazon Web Services (AWS), where he served as the company’s first enterprise-level hire focused exclusively on financial services. In that role, he led North American go-to-market initiatives and helped overcome early initial industry concerns about cloud security for regulated institutions. By outsourcing to open finance managed services, institutions gain peace of mind on compliance while keeping their internal teams focused on innovation.

“As the industry embraces modern, API-first infrastructure, the biggest hurdles are often operational, not technological,” said George Anderson, Ninth Wave’s Founder. “Steve brings the experience and mindset needed to help clients execute faster, with less risk and more impact.”

The new division will follow Ninth Wave’s Plan, Build, and Operate methodology combining technical execution with compliance/regulatory alignment and user adoption strategies. The focus will be on accelerating customer onboarding and delivering high impact capabilities such as:

• Secure, API-first connectivity across ERP platforms like NetSuite, Sage, and Microsoft Dynamics
• Real-time payments with entitlement driven workflows and automation of manual processes
• Enhanced wealth data connectivity, particularly for high net worth households
• Co-branded API portals, marketing assets, and adoption campaigns that position banks as integration-ready partners

As the industry continues to evolve, open finance managed services will become essential for driving secure, scalable growth in digital banking. “I’m excited to join Ninth Wave and contribute to its mission of simplifying open and embedded finance for financial institutions and their account holders,” said Schick. “I look forward to building on the platform’s proven capabilities to deliver meaningful results for our clients.”