#United States #Cupertino #Boardwalktech #U.S. Bank #Velocity

Boardwalktech Expands Services with Leading Global IT Firm

In a significant development that highlights the increasing reliance on digital transformation in the financial sector, Boardwalktech Software Corp., a provider renowned for its patented digital ledger and AI-enabled software, has announced the expansion and extension of its contract with a prominent global IT services firm. This contract aims to support one of the top five financial institutions in the United States.

A Transformative Partnership

Since 2024, Boardwalktech and its partner have been collaborating to automate and streamline manual processes for this major U.S. bank. The core of this collaboration revolves around the Boardwalktech Velocity platform, which is designed to convert conventional workflows into automated, compliant solutions.

With the recent contract expansion, the deployment of the Velocity platform is set to broaden across various business units within the bank. This expansion is valued at over $250,000 for the year 2026, with potential for further growth as more operational processes migrate to Boardwalktech’s system. This contract reflects the escalating demand within large financial institutions for modernization, enhancing governance, risk management, and compliance controls that are crucial in today's regulatory landscape.

Why Boardwalktech's Velocity Platform Stands Out

The Velocity platform has garnered recognition among numerous Fortune 100 companies, including large players in the financial services industry. By efficiently transforming Excel-based business processes—which are often susceptible to versioning risks and manual bottlenecks—Velocity empowers organizations to operate in a secure, collaborative, and auditable environment. The platform significantly enhances operational efficiency, expedites decision-making, and aids in achieving compliance across extensive, distributed teams, thereby meeting the stringent requirements of regulated sectors.

One of the primary advantages for banks using Velocity is that it provides comprehensive traceability, governance, and adherence to U.S. regulatory expectations. This allows financial institutions to minimize operational risks while preserving crucial flexibility for business users.

CEO Insights on the Expansion

Andrew T. Duncan, the Chief Executive Officer of Boardwalktech, articulated the challenges faced by large financial institutions that depend on a multitude of Excel-based workflows. He stated, "These workflows were not initially developed to cope with the present-day regulatory and operational challenges. Velocity makes it possible for banks to swiftly and cost-effectively modernize these workflows without interfering with business operations while ensuring compliance, transparency, and regulatory scalability."

Duncan further emphasized that this contract extension serves as robust validation of their platform's capabilities and the company’s expanding presence in the financial services landscape.

About Boardwalktech Software Corp.

Headquartered in Cupertino, California, with operational presence in India and North America, Boardwalktech provides a patented digital ledger and AI technology platform that enables Fortune 500 companies to manage mission-critical enterprise applications effectively. Their solutions allow multiple parties to collaborate in real-time on shared data while maintaining data integrity, provenance, and strict audit standards. The platform is engineered to deliver tailored enterprise applications that integrate deeply with existing systems of record, achieving results at a pace that outstrips traditional software solutions.

In conclusion, the ongoing collaboration between Boardwalktech and the global IT services firm signifies a pivotal shift towards greater reliance on digital solutions in banking. As financial institutions continue to modernize their approaches, Boardwalktech is positioned at the forefront, championing innovation and efficiency in the sector.