Boardwalktech Launches Verity to Revolutionize Intelligent Controls Management for Enterprises
In a significant advancement for enterprise control management, Boardwalktech Software Corp. has announced the launch of its new Intelligent Controls Platform, Verity. Designed to meet the evolving needs of large organizations, particularly in highly regulated industries, Verity leverages cutting-edge AI technologies to streamline the management of operational, financial, and compliance controls.
In an era where regulatory compliance is paramount, traditional methods of control management are proving inadequate. Many large enterprises are still reliant on manual processes — often engaging hundreds, if not thousands, of employees to carry out control testing and execution. These outdated approaches are not only costly but also slow and misaligned with today's regulatory demands.
Verity aims to transform this landscape by replacing manual tasks with intelligent automation, allowing organizations to reduce operational and audit-related expenses significantly. Ultimately, this shift promises to enhance testing frequency, minimize risks, and ensure compliance with regulations in a much more effective manner.
Boardwalk Verity is particularly suited for organizations such as banks and insurance companies, which face strict regulatory oversight. The platform incorporates Generative AI and Agentic AI technologies, which facilitate the automation of controls from design through execution to monitoring. This comprehensive approach to controls lifecycle management is unprecedented in its ability to provide real-time insights into operational performance.
Unlike conventional testing methods that are often retrospective and sample-based, Verity enables continuous testing and monitoring in real-time. This means organizations can receive instant feedback on the effectiveness of their controls, thus turning compliance from a periodic obligation into a seamless, always-on operational capability.
Another significant advantage of Verity lies in its provision of traceability and audit readiness. With its AI-driven analytics, organizations can detect control weaknesses and emerging risks proactively — enabling them to address potential issues before they escalate. This proactive approach not only shortens audit cycles but also bolsters confidence in regulatory compliance, significantly lowering both internal and external audit costs.
Andrew T. Duncan, CEO of Boardwalktech, emphasized the need for modernized control systems amidst increasing regulatory scrutiny. He stated, "The interest in Verity from leading U.S. banks reflects the urgent need to evolve compliance and control management. By integrating AI-driven design, execution, continuous monitoring, and analytics into a single platform, Verity redefines how organizations can manage risk and cost."
This innovative platform positions Boardwalktech at the forefront of enterprise software solutions, marrying the complexities of compliance with the advancements of AI technology. By enhancing operational efficiency and reducing overhead associated with manual control testing, Boardwalk Verity could lead a much-needed revolution in enterprise risk management.
Boardwalktech has solidified its role as a pioneer in enterprise applications, providing vital tools that significantly improve business processes and compliance posture. With its headquarters in Cupertino, California, and a global reach spanning India and North America, Boardwalktech continues its commitment to delivering cutting-edge solutions that meet the demands of modern enterprises.
For more details about the Verity platform and its capabilities, you can visit www.boardwalktech.com or contact the company's investor relations.
The Need for Modern Solutions
In an era where regulatory compliance is paramount, traditional methods of control management are proving inadequate. Many large enterprises are still reliant on manual processes — often engaging hundreds, if not thousands, of employees to carry out control testing and execution. These outdated approaches are not only costly but also slow and misaligned with today's regulatory demands.
Verity aims to transform this landscape by replacing manual tasks with intelligent automation, allowing organizations to reduce operational and audit-related expenses significantly. Ultimately, this shift promises to enhance testing frequency, minimize risks, and ensure compliance with regulations in a much more effective manner.
Key Features of Verity
Boardwalk Verity is particularly suited for organizations such as banks and insurance companies, which face strict regulatory oversight. The platform incorporates Generative AI and Agentic AI technologies, which facilitate the automation of controls from design through execution to monitoring. This comprehensive approach to controls lifecycle management is unprecedented in its ability to provide real-time insights into operational performance.
Unlike conventional testing methods that are often retrospective and sample-based, Verity enables continuous testing and monitoring in real-time. This means organizations can receive instant feedback on the effectiveness of their controls, thus turning compliance from a periodic obligation into a seamless, always-on operational capability.
Enhancing Audit Efficiency
Another significant advantage of Verity lies in its provision of traceability and audit readiness. With its AI-driven analytics, organizations can detect control weaknesses and emerging risks proactively — enabling them to address potential issues before they escalate. This proactive approach not only shortens audit cycles but also bolsters confidence in regulatory compliance, significantly lowering both internal and external audit costs.
Management Insights
Andrew T. Duncan, CEO of Boardwalktech, emphasized the need for modernized control systems amidst increasing regulatory scrutiny. He stated, "The interest in Verity from leading U.S. banks reflects the urgent need to evolve compliance and control management. By integrating AI-driven design, execution, continuous monitoring, and analytics into a single platform, Verity redefines how organizations can manage risk and cost."
This innovative platform positions Boardwalktech at the forefront of enterprise software solutions, marrying the complexities of compliance with the advancements of AI technology. By enhancing operational efficiency and reducing overhead associated with manual control testing, Boardwalk Verity could lead a much-needed revolution in enterprise risk management.
Conclusion
Boardwalktech has solidified its role as a pioneer in enterprise applications, providing vital tools that significantly improve business processes and compliance posture. With its headquarters in Cupertino, California, and a global reach spanning India and North America, Boardwalktech continues its commitment to delivering cutting-edge solutions that meet the demands of modern enterprises.
For more details about the Verity platform and its capabilities, you can visit www.boardwalktech.com or contact the company's investor relations.
Topics Business Technology）
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