Source: Marketscreener

Boardwalktech: Boardwalktech Software Corp and LTIMindtree Limited Expand Relationship with Global Banking Clients

Boardwalktech Software Corp. and LTIMindtree Limited have expanded their partnership including current work at a top 5 U.S. joint banking client to remediate the risk of End User Computing applications (EUCs) using the Boardwalk Velocity software product. Today's announcement synergizes LTIMindtree's profound expertise in core modernization, migration tools, and accelerators with Boardwalk Velocity's unparalleled Digital Ledger-based low-code application platform. This collaboration empowers the seamless migration of Excel-based EUC applications to IT controlled and managed business applications, setting new industry standards. The offering harnesses the formidable capabilities of Boardwalk Velocity to deliver rapid risk management and compliance, Excel EUC data management, and significant business process improvement. Velocity's cutting-edge solution empowers banks and insurance clients to effortlessly achieve their regulatory and compliance objectives, while promoting better data reliability to enable more profitable business growth via the Digital Ledger's single version-of-the- truth. By leveraging Velocity's transformative capabilities, clients experience the seamless conversion of these EUC applications on firm-wide scale, realizing a substantial edge in terms of both time and cost to deliver when compared to alternative technologies. According to third party experience, Velocity has been able to remediate medium and highly complex EUCs in one-tenth the time and resources while preserving or increasing the immutability of the data. Banks and insurers of all sizes are facing mounting business constraints and regulatory pressure to mitigate risk associated with non-compliant End-User Computing applications. This issue, which has historically been evaded due to its extensive scope, reliance on manual solutions, and intricate nature, can no longer be ignored. The client is experiencing the benefits of Velocity in the hands of a talented LTIMindtree team who is delivering on EUC remediate and process improvements across the bank. Boardwalktech Software Corp. and LTIMindtree Limited have expanded their partnership including current work at a top 5 U.S. joint banking client to remediate the risk of End User Computing applications (EUCs) using the Boardwalk Velocity software product. Today's announcement synergizes LTIMindtree's profound expertise in core modernization, migration tools, and accelerators with Boardwalk Velocity's unparalleled Digital Ledger-based low-code application platform. This collaboration empowers the seamless migration of Excel-based EUC applications to IT controlled and managed business applications, setting new industry standards. The offering harnesses the formidable capabilities of Boardwalk Velocity to deliver rapid risk management and compliance, Excel EUC data management, and significant business process improvement. Velocity's cutting-edge solution empowers banks and insurance clients to effortlessly achieve their regulatory and compliance objectives, while promoting better data reliability to enable more profitable business growth via the Digital Ledger's single version-of-the- truth. By leveraging Velocity's transformative capabilities, clients experience the seamless conversion of these EUC applications on firm-wide scale, realizing a substantial edge in terms of both time and cost to deliver when compared to alternative technologies. According to third party experience, Velocity has been able to remediate medium and highly complex EUCs in one-tenth the time and resources while preserving or increasing the immutability of the data. Banks and insurers of all sizes are facing mounting business constraints and regulatory pressure to mitigate risk associated with non-compliant End-User Computing applications. This issue, which has historically been evaded due to its extensive scope, reliance on manual solutions, and intricate nature, can no longer be ignored. The client is experiencing the benefits of Velocity in the hands of a talented LTIMindtree team who is delivering on EUC remediate and process improvements across the bank.

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Annual Revenue
$5.0-25M
Employees
25-100
Andrew Duncan's photo - CEO of Boardwalktech

CEO

Andrew Duncan

CEO Approval Rating

92/100

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