Boardwalktech Expands Momentum within Top 5 US Bank and with Partners
Boardwalktech Software Corp. (TSXV: BWLK) (OTCQB: BWLKF) announced expansion with a top 5 US Bank customer through its Velocity product. The company secured over $300,000 in incremental revenue through expanded professional services agreements, doubling comparable levels from last year.
The company's Velocity solution helps banks transform Excel-based End-User Computing applications (EUCs) into IT-controlled business applications, addressing mounting regulatory pressures and compliance requirements. The solution operates 15 times faster than competitors, with over 50 dedicated people currently working on delivering the Velocity solution across the bank.
This expansion demonstrates growing market acceptance as banks prioritize EUC transformation to manage regulatory risks and improve compliance standards. The company expects additional banks to adopt the Velocity solution based on its documented success and partner network expansion.
Boardwalktech Software Corp. (TSXV: BWLK) (OTCQB: BWLKF) ha annunciato un'espansione con un cliente tra le prime 5 banche negli Stati Uniti grazie al suo prodotto Velocity. L'azienda ha conseguito oltre $300.000 in entrate incrementali tramite accordi di servizi professionali ampliati, raddoppiando i livelli comparabili dell'anno scorso.
La soluzione Velocity dell'azienda aiuta le banche a trasformare le applicazioni di End-User Computing (EUC) basate su Excel in applicazioni aziendali controllate dall'IT, affrontando le crescenti pressioni normative e i requisiti di conformità. La soluzione opera 15 volte più velocemente rispetto ai concorrenti, con oltre 50 persone dedicate attualmente al lavoro di consegna della soluzione Velocity presso la banca.
Questa espansione dimostra l'accettazione crescente del mercato poiché le banche danno priorità alla trasformazione degli EUC per gestire i rischi normativi e migliorare gli standard di conformità. L'azienda si aspetta che altre banche adottino la soluzione Velocity basata sul suo successo documentato e sull'espansione della rete di partner.
Boardwalktech Software Corp. (TSXV: BWLK) (OTCQB: BWLKF) anunció una expansión con un cliente de uno de los 5 principales bancos de EE. UU. a través de su producto Velocity. La compañía aseguró más de $300,000 en ingresos adicionales a través de acuerdos de servicios profesionales ampliados, duplicando los niveles comparables del año pasado.
La solución Velocity de la compañía ayuda a los bancos a transformar las aplicaciones de Computación de Usuario Final (EUC) basadas en Excel en aplicaciones comerciales controladas por TI, abordando las crecientes presiones regulatorias y los requisitos de cumplimiento. La solución funciona 15 veces más rápido que la competencia, con más de 50 personas dedicadas actualmente a la implementación de la solución Velocity en el banco.
Esta expansión demuestra la creciente aceptación del mercado a medida que los bancos priorizan la transformación de EUC para gestionar los riesgos regulatorios y mejorar los estándares de cumplimiento. La compañía espera que más bancos adopten la solución Velocity basándose en su éxito documentado y la expansión de su red de socios.
Boardwalktech Software Corp. (TSXV: BWLK) (OTCQB: BWLKF)는 Velocity 제품을 통해 미국의 5대 은행 고객과의 확장을 발표했습니다. 이 회사는 확대된 전문 서비스 계약을 통해 $300,000 이상의 추가 수익을 확보하며 작년의 비슷한 수준을 두 배로 늘렸습니다.
회사의 Velocity 솔루션은 은행들이 Excel 기반의 최종 사용자 컴퓨팅 애플리케이션(EUC)을 IT 관리 비즈니스 애플리케이션으로 변환하는 데 도움을 주어, 증가하는 규제 압력과 준수 요구 사항을 해결합니다. 이 솔루션은 경쟁업체보다 15배 빠르게 운영되며, 현재 은행 전역에서 Velocity 솔루션을 제공하기 위해 50명 이상의 전담 인원이 일하고 있습니다.
이번 확장은 은행들이 규제 리스크를 관리하고 준수 기준을 개선하기 위해 EUC 변환을 우선시함에 따라 시장의 수용이 증가하고 있음을 보여줍니다. 회사는 문서화된 성공과 파트너 네트워크 확장을 바탕으로 추가적인 은행들이 Velocity 솔루션을 채택할 것으로 기대하고 있습니다.
Boardwalktech Software Corp. (TSXV: BWLK) (OTCQB: BWLKF) a annoncé une expansion avec un client parmi les 5 meilleures banques aux États-Unis grâce à son produit Velocity. L'entreprise a sécurisé plus de $300 000 de revenus supplémentaires grâce à des accords de services professionnels élargis, doublant les niveaux comparables de l'année dernière.
La solution Velocity de l'entreprise aide les banques à transformer des applications de Calcul des Utilisateurs Finaux (EUC) basées sur Excel en applications commerciales contrôlées par l'informatique, répondant aux pressions réglementaires croissantes et aux exigences de conformité. La solution fonctionne 15 fois plus vite que ses concurrents, avec plus de 50 personnes dédiées actuellement à la mise en œuvre de la solution Velocity dans la banque.
Cette expansion démontre l'acceptation croissante du marché alors que les banques priorisent la transformation des EUC pour gérer les risques réglementaires et améliorer les normes de conformité. L'entreprise s'attend à ce que d'autres banques adoptent la solution Velocity sur la base de son succès documenté et de l'expansion de son réseau de partenaires.
Boardwalktech Software Corp. (TSXV: BWLK) (OTCQB: BWLKF) hat eine Expansion mit einem der 5 größten Banken in den USA durch sein Velocity-Produkt angekündigt. Das Unternehmen hat über $300.000 an zusätzlichen Einnahmen durch erweiterte professionelle Dienstleistungsvereinbarungen gesichert, womit vergleichbare Werte des letzten Jahres verdoppelt wurden.
Die Velocity-Lösung des Unternehmens hilft Banken, Excel-basierte Endbenutzer-Computing-Anwendungen (EUCs) in IT-gesteuerte Geschäftsanwendungen umzuwandeln und somit die zunehmenden regulatorischen Anforderungen und Compliance-Vorgaben zu erfüllen. Die Lösung arbeitet 15-mal schneller als die Konkurrenz, mit über 50 fest angestellten Personen, die derzeit an der Bereitstellung der Velocity-Lösung in der Bank arbeiten.
Diese Expansion zeigt die wachsende Marktakzeptanz, da Banken die EUC-Transformation priorisieren, um regulatorische Risiken zu managen und die Compliance-Standards zu verbessern. Das Unternehmen erwartet, dass weitere Banken die Velocity-Lösung aufgrund ihres dokumentierten Erfolgs und der Erweiterung des Partnernetzwerks adoptieren werden.
- Secured $300,000 in incremental revenue, doubling year-over-year
- Solution performs 15x faster than nearest competitor
- Expanded professional services agreements through 2025
- 50+ dedicated people working on Velocity solution implementation
- Expected increase in annual recurring revenue at license renewal in April
- None.
Banks continue to face mounting regulatory pressure to mitigate and improve the risks associated with end-user computing applications (EUCs). Many of these EUCs are developed and managed using Microsoft Excel, which has become an integral part of how banks manage and report on many areas of their business. Boardwalktech's innovative Velocity solution empowers banks and insurance companies to effortlessly achieve their regulatory and compliance objectives through the seamless migration and transformation of Excel-based EUCs to IT controlled and managed business applications, setting new industry standards. Boardwalk Velocity rapidly delivers significant business process improvements, full compliance with regulatory standards and improved risk reduction allowing banks to understand, report and make more timely decisions improving overall results. All of this is done 15 times faster and more economically than our nearest competitor.
This issue of EUC transformation, which banks have historically avoided due to its extensive scope, reliance on exhaustive manual solutions, highly intricate nature, and overall cost to mitigate can no longer be ignored by relying on conventional brute-force solutions. In light of the evolving regulatory environment and risk management implications, EUC transformation and improving the risks associated with EUCs has evolved into a top priority in most banks.
"Our continued contract expansion within our Top 5 US bank client is a testament to the value that Boardwalktech's Velocity and our people can deliver to major financial institutions. Currently, through both Boardwalktech employees and our very important delivery partners, we have over 50 dedicated people working to deliver the Velocity solution across the bank," said Andrew T. Duncan, Chief Executive Officer of Boardwalktech. "Yet, it isn't just the expansion within the current client that excites us. These partners, and other potential partners are seeing the documented value-add of the Velocity solution, and directly applying that learning towards other new opportunities. Thus, we fully expect to see other banks adopt the Velocity solution as we continue to outpace any competition with regard to speed of delivery, improvement of the risk management and transformation of these EUCs."
About Boardwalktech Software Corp.
Boardwalktech has developed a patented Digital Ledger Technology Platform currently used by Fortune 500 companies running mission-critical applications worldwide. Boardwalktech's digital ledger technology and its unique method of managing vast amounts of structured and unstructured data is the only platform on the market today where multiple parties can effectively work on the same data simultaneously while preserving the fidelity and provenance of the data. Boardwalktech can deliver collaborative, purpose-built enterprise information management applications on any device or user interface with full integration with enterprise systems of record in a fraction of the time it takes other non-digital ledger technology-based platforms. Boardwalktech is headquartered in
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SOURCE Boardwalktech Software Corp.
FAQ
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