Partnership expansion includes joint Top 5
Bank, to deliver Data Governance, Risk Management, and Process
Improvement solutions using the Boardwalk
Velocity product
CUPERTINO, Calif. and MUMBAI, India, Jan. 22,
2025 /CNW/ - Boardwalktech Software Corp
(Boardwalktech) (TSXV: BWLK) (OTCQB: BWLKF), the leading
Information Intelligence Platform company, and LTIMindtree Limited
(LTIMindtree) (NSE: LTIM) (BSE: 540005), a global technology
consulting and digital solutions company, 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. In light of the evolving regulatory environment, risk
management implications impeding both revenue opportunities and
internal controls, and the imposition of fines by regulatory bodies
have elevated the urgency to prioritize this endeavor. Velocity's
revolutionary solution will address the pressing transformational
requirements, delivering time and cost efficiencies that surpass
all previous possibilities.
"The expansion of our partnership with LTIMindtree at a
prominent U.S. bank demonstrates the value of the partnership and
Velocity's success in transforming manual processes and reducing
EUC risk. The client is experiencing the benefits of Velocity in
the hands of a talented LTIMindtree team who is delivering on EUC
remediation and process improvements across the bank," stated
Andrew T. Duncan, Chief Executive
Officer at Boardwalktech. "This solution triumphs on four
fronts – process improvement, time, cost, and a minimal disruption
to users. This enables LTIMindtree and Boardwalktech to provide an
unparalleled solution that is poised to remain highly sought-after
and indispensable within the entirety of the financial services
industry."
About LTIMindtree
Limited
LTIMindtree is a global technology consulting and digital
solutions company that enables enterprises across industries to
reimagine business models, accelerate innovation, and maximize
growth by harnessing digital technologies. As a digital
transformation partner to more than 700 clients, LTIMindtree brings
extensive domain and technology expertise to help drive superior
competitive differentiation, customer experiences, and business
outcomes in a converging world. Powered by 86,000+ talented and
entrepreneurial professionals across more than 40 countries,
LTIMindtree — a Larsen & Toubro Group company — solves the most
complex business challenges and delivers transformation at scale.
For more information, please visit
https://www.ltimindtree.com/.
About Boardwalktech Software Corp.
Boardwalktech has developed a patented Digital Ledger Technology
Platform currently used by Fortune 500 companies running
mission-critical applications worldwide. Boardwalktech's digital
ledger technology and its unique method of managing vast amounts of
structured and unstructured data is the only platform on the market
today where multiple parties can effectively work on the same data
simultaneously while preserving the fidelity and provenance of the
data. Boardwalktech can deliver collaborative, purpose-built
enterprise information management applications on any device or
user interface with full integration with enterprise systems of
record in a fraction of the time it takes other non-digital ledger
technology-based platforms. Boardwalktech is headquartered in
Cupertino, California with offices
in India and operations in
North America. For more
information on Boardwalktech, visit our website
at www.boardwalktech.com.
Forward-Looking Information and Statements
This press release contains certain "forward-looking
information" within the meaning of applicable Canadian securities
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"forward-looking statements" within the meaning of the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Such forward-looking information and statements are not
representative of historical facts or information or current
condition, but instead represent only the Company's beliefs
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or results "may", "could", "would", "might" or "will be taken",
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the Company is alerting the reader that such information and
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materially different from those expressed or implied by such
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An investment in securities of the Company is speculative and
subject to several risks including, without limitation, the risks
discussed under the heading "Risk Factors" in the Company's filing
statement dated November 26, 2024.
Although the Company has attempted to identify important factors
that could cause actual results to differ materially from those
contained in the forward-looking information and forward-looking
statements, there may be other factors that cause results not to be
as anticipated, estimated or intended.
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forward-looking statements contained in this press release, the
Company has made certain assumptions. Although the Company believes
that the assumptions and factors used in preparing, and the
expectations contained in, the forward-looking information and
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differ materially from those anticipated in such information and
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Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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SOURCE Boardwalktech Software Corp.
