BWLKF - BOARDWALKTECH SIGNS AGREEMENT WITH TATA CONSULTANCY SERVICES LIMITED | Benzinga
Further expansion into Financial Services Sector for the Boardwalk Velocity Product
CUPERTINO, Calif., April 8, 2024 /PRNewswire/ - (TSXV:BWLK) (OTCQB:BWLKF) - Boardwalktech Software Corp. ("Boardwalktech" or the "Company"), a leading digital ledger platform and enterprise software solutions company, is pleased to announce that the Company has signed an agreement with Tata Consultancy Services ("TCS") the largest IT services and consulting company in India with operations in 46 countries and over 615,000 employees. TCS will be teaming with Boardwalktech to deliver consulting and professional services in the financial services market for the Boardwalk Velocity product. The Velocity product provides a platform for financial institutions of all sizes to rapidly remediate and transform their Excel and Access based End User Computing ("EUC") environments into a compliant, auditable, and scalable solution.
"We are honored to be partnering with TCS to deploy the Boardwalk Velocity solution within an existing large joint US banking client to help them rapidly transform a significant number of EUC's within the bank. The expertise, client access, and man-power that TCS brings to the financial services industry to help improve operations and compliance via the transformation of these EUC's onto the Velocity platform will be a game changer, saving significant costs and time for many banks and financial institutions," said Andrew T. Duncan, CEO of Boardwalktech. "Further, Boardwalktech looks forward to working with TCS to expand Boardwalk Velocity into other global financial institutions."
Financial institutions utilize thousands of Excel and Access-based EUCs for financial and performance models along with reporting trackers that must be transformed into an environment to mitigate and manage capital risk, while being compliant with Office of the Comptroller of the Currency and Dodd-Frank risk modeling requirements. By leveraging Velocity's unique data architecture, these end-user solutions can be rapidly transformed onto a compliant managed database platform. These transformations can be completed faster than any other solution currently available in the market with minimal impact to the end users day-to-day operations, all while preserving user reliance on the Excel experience and their existing EUCs. IT partners and financial services customers have reported a ...