Business
BOARDWALKTECH SECURES KEY CONTRACT WITH A GLOBAL BANKING/FINANCIAL SERVICES COMPANY
BOARDWALKTECH SECURES KEY CONTRACT WITH A GLOBAL BANKING/FINANCIAL SERVICES COMPANY ...
About this update from Boardwalktech Software Corp.
[{"type":"text","content":"\n \n \n \n BOARDWALKTECH SECURES KEY CONTRACT WITH A GLOBAL BANKING/FINANCIAL SERVICES COMPANY\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Enterprise-wide program to improve information management, compliance, and business processes\n \n \n \n \n \n CUPERTINO, Calif.\n \n \n ,\n \n \n March 31, 2022\n \n \n /CNW/ - (TSXV: BWLK) (OTCQB: BWLKF) Boardwalktech Software Corp (\"Boardwalktech\" or the \"Company\"), the leading Digital Ledger low-code application platform and enterprise software applications company, is pleased to announce it has signed a long-term contract with one of the world's largest banking and financial services companies based in\n \n New York\n \n . The Client plans to deploy the Boardwalk Velocity product across its global enterprise with a focus on compliance, risk, data management, and business process improvement. Net proceeds from this contract are expected to exceed\n \n US$4 million\n \n over the first three years (subject to a standard acceptance period) and should increase in subsequent years as this platform is adopted and deployed globally across the Client's banking and financial services business units.\n \n \n The Company and Client plan to rapidly implement the Velocity product running on the Boardwalk Digital Ledger Platform, to transform, automate, manage, and improve business processes with a focus on compliance for and remediation of Microsoft Excel-based end user computing applications (EUC's). By transforming and automating these EUC's on Velocity without having to re-platform or write a single line of code, the Client will be able to quickly transform this data and their Excel applications into a fully compliant environment. Velocity gives enterprises the ability to govern, monitor and audit all changes in real time - which is only possible because of automatic, low-code data and workflow auditability through our patented Boardwalk Digital Ledger. While the financial service market is on track to be the first segment to deploy Velocity, the fea...