Mendix Congratulates BDC on Winning Prestigious OCTAS Innovation Award for Business Transformation
Leading platform for digital innovation enables Canadian bank to deliver core lending system, improving business agility and customer centricity
BOSTON and MONTREAL – September 17, 2015 – Mendix, a leader in driving digital innovation and provider of application Platform-as-a-Service (aPaaS), congratulates the Business Development Bank of Canada (BDC) on winning the 2015 OCTAS Award for the transformation of the Canadian bank’s organizational processes. The OCTAS competition, organized by the IT ACTION Network, recognizes companies and organizations for their creativity, vitality and exceptional contribution to the growth of the information technology industry.
BDC, Canada’s business development bank and the only financial institution dedicated exclusively to entrepreneurs, won the award for a business transformation project it undertook, harnessing the Mendix platform and agile methodology to increase the bank’s speed, agility and collaboration between business and IT. Using Mendix, the team delivered a core lending system for loan origination, administration and disbursement that has reduced processing time and overhead costs while helping BDC become more nimble and customer centric.
“We recognized that, in order to succeed, we were going to have to transform ourselves, and we needed a digital innovation platform like Mendix to help us get where we needed to go, faster and more flexibly,” said Chantal Belzile, senior vice president and chief information officer at BDC. “Together, we’ve built a platform for the future – a flexible solution that allows BDC to keep pace with market needs and differentiate our business.”
“We congratulate BDC for winning the prestigious OCTAS award,” added Kirby Wadsworth, chief marketing officer at Mendix. “We’re proud of the role Mendix played in helping the company transform into a more nimble, innovative and customer-driven organization.”
Discover BDC’s Recipe for Digital Transformation at Mendix on Tour Montreal
Ms. Belzile will share more about BDC’s successful business transformation at the upcoming Mendix on Tour stop in Montréal, Canada on Thursday, Oct. 15, 2015. In addition to this special presentation, the event will feature an introduction to Mendix as well as cocktails and networking with senior IT executives.
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Mendix, a Siemens business and the global leader in enterprise low-code, is fundamentally reinventing the way applications are built in the digital enterprise. With the Mendix platform, enterprises can ‘Make with More,’ by broadening an enterprise’s development capability to conquer the software development bottleneck; ‘Make it Smart,’ by making apps with rich native experiences that are intelligent, proactive, and contextual; and ‘Make at Scale,’ to modernize core systems and build large app portfolios to keep pace with business growth. The Mendix platform is built to promote intense collaboration between business and IT teams and dramatically accelerate application development cycles, while maintaining the highest standards of security, quality, and governance — in short, to help enterprises confidently leap into their digital futures. Mendix’s ‘Go Make It’ platform has been adopted by more than 4,000 leading companies around the world.