Mr. Andrew Duncan reports

BOARDWALKTECH AND LTIMINDTREE EXPAND RELATIONSHIP WITH GLOBAL BANKING CLIENTS

Boardwalktech Software Corp. and LTIMindtree Ltd., a global technology consulting and digital solution company, have expanded their partnership including current work at a top-five U.S. joint banking client to remediate the risk of end-user computing (EUC) applications using the Boardwalk Velocity software product.

Today's announcement synergizes LTIMindtree's profound expertise in core modernization, migration tools and accelerators with Boardwalk Velocity's unparalleled digital-ledger-based, low-code application platform. This collaboration empowers the seamless migration of Excel-based EUC applications to IT (information technology) controlled and managed business applications, setting new industry standards. The offering harnesses the formidable capabilities of Boardwalk Velocity to deliver rapid risk management and compliance, Excel EUC data management and significant business process improvement. Velocity's cutting-edge solution empowers banks and insurance clients to effortlessly achieve their regulatory and compliance objectives while promoting better data reliability to enable more profitable business growth through the digital ledger's single version of the truth. By leveraging Velocity's transformative capabilities, clients experience the seamless conversion of these EUC applications on a firm-wide scale, realizing a substantial edge in terms of both time and cost to deliver when compared with alternative technologies. According to third party experience, Velocity has been able to remediate medium and highly complex EUCs in one-10th the time and resources while preserving or increasing the immutability of the data.

Banks and insurers of all sizes are facing mounting business constraints and regulatory pressure to mitigate risk associated with non-compliant EUC applications. This issue, which has historically been evaded due to its extensive scope, reliance on manual solutions and intricate nature, can no longer be ignored. In light of the evolving regulatory environment, risk management implications impeding both revenue opportunities and internal controls and the imposition of fines by regulatory bodies have elevated the urgency to prioritize this endeavour. Velocity's revolutionary solution will address the pressing transformational requirements, delivering time efficiencies and cost-efficiencies that surpass all previous possibilities.

"The expansion of our partnership with LTIMindtree at a prominent U.S. bank demonstrates the value of the partnership and Velocity's success in transforming manual processes and reducing EUC risk. The client is experiencing the benefits of Velocity in the hands of a talented LTIMindtree team who is delivering on EUC remediation and process improvements across the bank," stated Andrew T. Duncan, chief executive officer at Boardwalktech. "This solution triumphs on four fronts -- process improvement, time, cost and a minimal disruption to users. This enables LTIMindtree and Boardwalktech to provide an unparalleled solution that is poised to remain highly sought after and indispensable within the entirety of the financial services industry."

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 Cupertino, Calif., with offices in India and operations in North America.

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