Boardwalktech launches Boardwalk Verity

Executive Summary

• Boardwalktech Software Corp. has launched "Boardwalk Verity," a next-generation intelligent controls platform designed for large enterprises, particularly in highly regulated sectors like banking and insurance.
• The platform utilizes generative AI and agentic AI to automate the design, execution, testing, and continuous monitoring of operational, financial, and compliance controls, aiming to replace manual, point-in-time processes.
• CEO Andrew T. Duncan highlighted strong market interest, noting that multiple top-five U.S. banks have expressed interest in the platform, which promises to reduce operational and audit costs while lowering regulatory risk exposure.

Key Details

• Product Name: Boardwalk Verity (Intelligent Controls Platform).
• Core Functionality: Automates controls design, execution, validation, testing, and continuous monitoring across complex, data-driven environments.
• Target Audience: Highly regulated organizations, including banks, insurers, and global financial institutions.
• Key Technologies: Leverages generative AI and agentic AI for controls automation and AI-enabled data management/workflow automation.
• Operational Benefits:
  • Shifts from manual, sample-based, retrospective testing to continuous, real-time controls testing and monitoring.
  • Provides full traceability, defensible audit evidence, and immutable audit trails.
  • Includes AI-driven real-time analytics and early-warning intelligence to identify control weaknesses and emerging risks.
• Financial/Operational Impact Claims:
  • Potential to reduce operational and audit costs by millions of dollars annually.
  • Dramatically increases testing frequency and coverage.
  • Materially lowers operational and regulatory risk exposure.
  • Shortens audit cycles and improves regulatory confidence.
• Market Validation: CEO Andrew T. Duncan stated that interest from "multiple top-five U.S. banks" underscores the urgency for modernizing controls.
• Company Background: Boardwalktech utilizes a patented digital ledger and AI technology platform used by Fortune 500 companies, headquartered in Cupertino, Calif., with offices in India and operations across North America.

Notable Quotes

• "Large enterprises are still managing and testing controls using manual methods that are no longer compatible with today's regulatory expectations," said Andrew T. Duncan, chief executive officer of Boardwalktech. "Interest in Verity from multiple top-five U.S. banks underscores the urgency to modernize controls and compliance. Boardwalk Verity is a first-to-market platform that unifies AI-driven controls design, automated execution, continuous testing, monitoring and analytics into a single system. It transforms controls from a retrospective audit function into a continuous, AI-powered, real-time capability that materially reduces risk, cost and operational friction."