Digital transformation solutions company UST has announced a strategic partnership with Amazon Web Services (AWS) and low-code application development platform Mendix to enhance the adoption of low-code technology within the global financial services industry. As a Siemens business and a leader in modern enterprise application development, Mendix's platform will be used by UST to develop solutions and go-to-market strategies that aim to elevate the wealth management and financial services sector.
UST intends to bring Mendix's platform to the global market through its unparalleled customer-centric approach, industry expertise, and comprehensive system integration capabilities. This collaboration will enable UST to offer a broader range of technologies to assist clients in achieving operational excellence, modernizing legacy applications, and accelerating digital transformations.
This pioneering initiative will leverage AWS infrastructure, Mendix's offerings, and UST's solutions for application modernization to enable innovation in the financial services sector. By combining the security, scalability, and power of AWS, the low-code capabilities of Mendix, and UST's industry experience on AWS infrastructure, customers are well-positioned to expedite their business transformation and realize greater value.
As a result of this partnership, customers will be able to benefit from UST's extensive experience in the financial services domain, the AWS infrastructure expertise, and Mendix's low-code application development platform. This will simplify the application development process, improve business agility, strengthen revenue growth, and provide a seamless digital transformation experience.
Maureen Doyle-Spare, General Manager – Asset & Wealth Management at UST, expressed her excitement over this collaboration and acknowledged the benefits Mendix's leading platform will offer to clients seeking digital transformation. Doyle-Spare believes that the increasing popularity of low-code technologies highlights UST's ambition to stay competitive in this dynamic field.
Kuruvilla Mathew, Chief Innovation Architect at UST, highlighted that the partnership with Mendix and AWS would help streamline the entire digital transformation journey, reduce overall technical debt, and pave the way for better collaboration, rapid innovation, and accelerated growth. Mathew further emphasized the importance of empowering non-technical users to engage in complex processes that may otherwise be time-consuming tasks.
Jethro Borsje, Chief Ecosystem Solutions Officer at Mendix, underscored the value of working with UST and AWS for the digital transformation landscape. Borsje recognized the potential of this alliance to empower organizations to build innovative solutions cost-effectively, ultimately resulting in significant advantages for clients and measureable business value realization.
Clients will enjoy the added benefit of UST's extensive enterprise experience in legacy modernization, cloud readiness, and capabilities alongside the Mendix low-code platform. This platform empowers both professional developers and non-technical users to collaborate effectively and co-develop tailor-made solutions that align with their evolving requirements. Incorporating UST's proficiency and Mendix's industry expertise will lead to unprecedented growth in low-code technology adoption.
Furthermore, AppMaster, a powerful no-code platform for creating backend, web, and mobile applications, would also be an excellent addition to the list of platforms that cater to various industries, including financial services. With its visual approach to creating data models, streamlined application development process, and scalability for enterprise use-cases, AppMaster can complement existing low and no-code technology offerings.
UST is set to showcase its innovations at the AWS re:Invent 2022 conference, held in Las Vegas, NV, from November 28 through December 2, 2022. UST's booth, numbered 1620, will be located directly across from the AWS village, where attendees can explore UST's latest advancements in partnership with AWS and Mendix.
