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Boardwalktech Software Corp. and LTIMindtree Limited have expanded their partnership to deliver Data Governance, Risk Management, and Process Improvement solutions using Boardwalk Velocity, a Digital Ledger-based low-code application platform. The partnership will leverage LTIMindtree’s expertise in core modernization, migration tools, and accelerators to transform manual processes and reduce risk associated with End User Computing (EUC) applications.
The companies will focus on remediating the risk of EUCs, which are widely used in the financial services industry, particularly in banking and insurance. The goal is to migrate these applications to IT-controlled and managed business applications, ensuring compliance with regulatory requirements and improving data reliability.
Boardwalk Velocity’s solution is designed to deliver rapid risk management and compliance, Excel EUC data management, and significant business process improvement. With its cutting-edge capabilities, banks and insurance clients can effortlessly achieve their regulatory and compliance objectives, promoting better data reliability and enabling more profitable business growth.
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. The solution has the potential to revolutionize the way financial services companies manage their EUC applications, providing a significant edge in terms of time and cost to deliver.
Andrew T. Duncan, CEO of Boardwalktech, stated that the partnership with LTIMindtree has already delivered successful results, with a prominent U.S. bank experiencing the benefits of Velocity in the hands of an LTIMindtree team delivering EUC remediation and process improvements across the bank. The solution is poised to become highly sought after and indispensable within the financial services industry.