Boardwalktech Software Corporation (TSXV: BWLK) (OTCQB: BWLKF) Stock In Focus on Extended Partnership

The digital ledge platform operator leader and enterprise software solutions company Boardwalktech Software Corporation (TSXV: BWLK) (OTCQB: BWLKF) was in focus last Friday.

Boardwalktech and HCLTech Extend Partnership to Reduce Risk and Improve Control for Financial Institutions

At the time, the company made a joint statement with the leading multi-national tech major HCLTech with regards to the expansion of the partnership. It was also noted that HCLTech was working with 5 top banks in the United States for the implementation of the Boardwalk Velocity Project.

At this point, insurance and companies are under significant regulatory pressure to manage the risk related to EUCs (end user computing applications). Owing to that and the associated risk management issues, most financial entities have decided to work on transformation of having higher control over these EUCs.

The company’s Boardwalk Velocity product, specifically meant for the financial sector, would help in tackling those problems related to EUCs and provide higher control across the institution. The company had already partnered with HCLTech on a similar project for a leading United States bank.

As per feedback from financial services customers, Boardwalk Velocity had helped in boosting performance levels 10 times in comparison to software solutions available in the market to address the same issue. The expansion of the partnership could help Boardwalktech Software Corporation in making a bigger move into the financial sector.