#United States #Cupertino #Boardwalktech #Banking Solutions #LTIMindtree

Boardwalktech and LTIMindtree Enhance Partnership with Leading Banking Clients

In an exciting development for the financial services sector, Boardwalktech Software Corp and LTIMindtree Limited have expanded their partnership, particularly focusing on enhancing solutions for a significant U.S. banking client. This collaboration aims to tackle the challenges posed by End User Computing (EUC) applications, leveraging Boardwalk Velocity software to deliver innovative data governance, risk management, and process improvement solutions.

A Game-Changing Collaboration

Boardwalktech, recognized for its cutting-edge Information Intelligence Platform, has teamed up with LTIMindtree, a prominent global technology consulting and digital solutions firm. This strategic partnership combines LTIMindtree's in-depth expertise in core modernization and migration tools with Boardwalk Velocity's advanced digital ledger-based low-code application platform. The integration of these technologies is set to revolutionize how banking and insurance clients manage their data and compliance issues.

The use of Boardwalk Velocity enables seamless migration of Excel-based EUC applications into IT-controlled environments. This process not only boosts data reliability but also aligns with regulatory standards, crucial in a landscape where compliance is of utmost importance.

Addressing the Challenges of EUCs

Financial institutions are increasingly facing regulatory pressures and the high stakes of non-compliance, especially regarding EUC applications. Traditional methods of managing these applications have often been cumbersome and reliant on manual processes, leading to increased risks and inefficiencies.

With the robust capabilities of Boardwalk Velocity, banks and insurers can now tackle the challenges of EUCs more effectively. By implementing this innovative solution, clients can achieve significant reductions in time and resources required for risk assessments while maintaining high standards of data integrity. Indeed, Velocity has demonstrated the ability to remediate medium to complex EUC scenarios in just one-tenth of the time compared to alternative approaches.

Promising Outcomes for Banking Clients

As Andrew T. Duncan, CEO of Boardwalktech, noted, the collaboration's expansion at the prominent U.S. bank underscores Velocity's success in transforming manual processes while simultaneously reducing EUC risks. The partnership enables LTIMindtree to leverage its skilled workforce to facilitate EUC remediation and enhance overall process efficiency within the banking sector.

Duncan emphasized the solution's accomplishments along four critical dimensions: process optimization, time efficiency, cost savings, and minimal disruption to users. Utilizing these advantages positions Boardwalktech and LTIMindtree as pivotal players in the financial services industry, where demand for such diligent solutions continues to grow.

The Future of Financial Solutions

The collaboration between Boardwalktech and LTIMindtree marks a significant step forward in the evolution of banking solutions. In a world where operational efficiency and compliance are paramount, their integrated approach promises substantial benefits to existing and prospective banking clients. As regulatory landscapes evolve and the pressure to mitigate risks escalates, the importance of innovative solutions like Boardwalk Velocity is only set to increase.

Through this partnership, both companies are poised to not only address the current challenges faced by the financial industry but also to lead the charge in reimagining the future of banking data management and compliance practices. For financial institutions looking to navigate the complex regulatory environment successfully, the collaboration provides a clear pathway towards achieving operational excellence and maintaining a competitive edge.

In conclusion, Boardwalktech and LTIMindtree are setting new benchmarks in banking solutions, establishing a precedent for future collaborations aimed at enhancing operational efficiencies and driving compliance standards across the sector.