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Mendix Positioned as a Leader in the New Gartner Magic Quadrant for Enterprise Low-Code Application Platforms




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Mendix, a Siemens business and the global leader in low-code and no-code application development for the enterprise, today announced that the company has been named a Leader in the Gartner Magic Quadrant for Enterprise Low-Code Application Platforms (Paul VincentKimihiko IijimaMark DriverJason WongYefim Natis8 August 2019). In addition, Mendix was positioned furthest for completeness of vision in the entire Magic Quadrant.

This year, Gartner’s Magic Quadrant for High Productivity Application Platform as a Service was renamed Magic Quadrant for Enterprise Low-Code Application Platforms. As noted in the report, “By 2024, low-code application development will be responsible for more than 65% of application development activity. The enterprise LCAP market is growing strongly, due to continued demand for applications and a shortage of skilled developers. Low-code development is a natural evolution of rising abstraction levels in application development, which will eventually lead to viable cross-enterprise, highly scalable citizen development and composition of applications.”

Gartner’s 2019 recognition follows previous assessments that named Mendix as a Leader for the two previous years, each time positioned furthest for completeness of vision in this Magic Quadrant. This report follows closely on the heels of the Gartner Magic Quadrant for Multiexperience Development Platforms (MXDPs) in which Mendix was also recognized as a Leader and evaluated for completeness of vision and ability to execute.

A recent Mendix customer review on Gartner Peer Insights states, “Excellent framework for app development. Modern, easy to learn and usable by anyone (developers, graphic designers, analysts). The possibility of being able to create app visually (for example, by dragging and dropping elements) is one of its most successful aspects.”

“Delivering on rising demand for rapid software development takes more than just great tooling and technology,” said Johan den Haan, chief technology officer for Mendix. “Platforms need to deliver comprehensive capabilities with an experience that is intuitive, efficient, and tailored to users’ needs. And having the right architecture — one that is well-equipped for multi-cloud and hybrid computing, and fully supports on-premises, virtual private multi-cloud, and multi-tenant public cloud deployment options — is essential.”

By combining full-stack visual development capabilities, a cloud-native architecture, AI-assisted development, and an integrated set of tools for the complete application lifecycle, Mendix is uniquely suited to enable rapid, high-quality low-code and no-code application development for the enterprise in several ways:

  • Empower Business and Professional Developers: Mendix Studio and Mendix Studio Pro align citizen developers and IT professionals around a single unified low-code development platform.
  • Support Across All Clouds: Enterprises that require flexible, multi-cloud solutions for different line-of-business requirements, existing contractual reasons, compliance requirements, or specific integrations now have robust new options for low-code application delivery across public, private and hybrid cloud environments.
  • True Native Mobile Development: Mendix continues to push the boundaries of what low-code technology can deliver and is now the only low-code application development platform that can deliver true native mobile applications. By integrating low-code abstraction of iOS, Android, Java, and Objective-C programming into Mendix Studio Pro, Mendix empowers all developers to deliver consumer-grade UX on mobile apps containing the native, device-specific gestures, animations, and micro-interactions that users now expect.
  • Artificial Intelligence, At Your Service: The second-generation of Mendix Assist, a ground-breaking AI tool that helps build low-code apps, shortens the learning curve for new developers who need next-step guidance as they create their apps. It also enables experienced developers to accelerate repetitive tasks, avoid errors, and improve software quality.

“We believe Gartner positioned Mendix furthest for completeness of vision in this report for a number of reasons including our unified IDE approach, which further improves and enables the collaboration of IT and business, making Mendix one of the first enterprise LCAPs to offer a multi-persona developer experience in a single integrated platform,” said Derek Roos, Mendix CEO. “Our platform is designed with the ability to support both business developers in Mendix Studio and professional IT developers in Mendix Studio Pro, which supports advanced forms of business-IT collaboration. Our AI-assisted development further promotes productivity and consistency of outcomes. We believe we’ve worked hard to earn our position as a Leader in this important category and are thrilled to be recognized once again as having the leading market vision among all low code vendors.”




WORBLI, the Compliance Driven Public Blockchain, to Enter APA with AmaZix Capital

Vlad Poptamas



WORBLI is pleased to announce that the WORBLI Foundation (“Foundation”) has entered into an Asset Purchase Agreement (the “APA”) concerning the proposed acquisition of 100%  of its assets by AmaZix Capital Limited (“AmaZix Capital”) and 0rigin Ventures (“0rigin”) in return for ongoing funding and development capital.

The acquisition will be completed upon satisfaction of conditions precedents. The transaction will allow WORBLI to accelerate the deployment of its proprietary Know Your Customer (“KYC”) and Anti-Money Laundering (“AML”) offering to the FinTech and Digital Asset sectors, concurrently with the commercialisation of the tokenised security technology native to the WORBLI blockchain.

Transaction Highlights

  • The transaction encompasses 100% of WORBLI’s assets including 10% of WORBLI Utility tokens (“WBI”) in circulation which will be subject to a lock-up period spanning 6 years
  • The transaction will secure funding and resources for the WORBLI Foundation to uphold administrative and customer support for the blockchain and for the promotion of WORBLI’s institutional product offering
  • This expanded and accelerated roll out of WORBLI technology will allow for faster commercial adoption of the chain



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AllocateRite’s AI-Powered Autonomous Wealth Management Strategies Are Now Available Via iOS and Android Mobile Apps

Vlad Poptamas




AllocateRite, the New York FinTech and data science company that provides wealth managers with ETF-based dynamic asset allocation strategies and risk analytics, is excited to announce that its proprietary portfolio management and asset allocation strategies are now available to iOS and Android mobile devices via our mobile app.

AllocateRite’s AI-powered strategies use sophisticated portfolio construction and risk management techniques to offer superior risk-adjusted returns over time.

Additionally, our strategies are highly diversified and liquid, utilizing benchmark ETFs that represent the most liquid sectors of the stock market. Until now, these strategies were previously available only to institutional clients.

Using our mobile app, you can easily link your brokerage account to use one of our strategies. Also, you have the flexibility to allocate either a partial amount or the entire amount of your account to our strategies while maintaining full custody and control of your account at your brokerage firm.

Our strategies are suitable for retirement accounts, as they are focused on capital preservation, capital appreciation and income, enabling you to reduce your management fees by having your money flow out of pricey mutual funds into low cost ETFs.

AllocateRite’s strategies are automatically rebalanced monthly to maintain an optimal risk / reward ratio. Furthermore, they are GIPS-verified and have a confirmed track record of success stretching back four years.


SOURCE AllocateRite, LLC

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TONIK Selects Finastra’s Core Banking Solution to Power Southeast Asia’s First Pure-play Licensed Digital Bank

Vlad Poptamas



Greg Krasnov, Founder & CEO at TONIK


Finastra announced today that TONIK, the first licensed digital-only bank in Southeast Asia, has selected Fusion Essence in the cloud to power its end-to-end core banking capabilities. The move will support TONIK as it launches its retail deposit and customer loans services in the Philippines, giving it agility and the ability to scale quickly.

Greg Krasnov, Founder & CEO at TONIK, said, “The banking sector in the Philippines is ripe for digital disruption. The country has high internet usage, the majority of Filipinos are unbanked and research shows half of the people who do have bank accounts would be interested in switching to a neobank.

“We want to create a hyper-compelling consumer proposition that will revolutionize the way money works in the region. Finastra’s Fusion Essence Cloud – powered by Microsoft Azure – will give us the agility to get these services to market quickly and efficiently. We are also impressed by the modern, open and scalable capabilities of the solution, particularly the in-built analytics, which will help us to better understand our customers’ smart digital banking needs.”

The key proposition for digital banks is providing a customer experience that traditional banks struggle to offer. This requires modern, cloud-native technology that facilitates innovation whilst future-proofing investment. For TONIK, Fusion Essence Cloud will be deployed out of the Microsoft Azure Southeast Asia Region (Singapore Data Center), which will allow for both low latency and data residency. TONIK will benefit from a low cost of entry into the market, ease and speed of deployment, and the ability to increase business volumes and diversify its product set cost-effectively. It will also benefit from ongoing software updates and, in time, access to further innovation via, Finastra’s platform for open innovation and the development of applications.

European neobanks, including revverbank and Gravity, are already being powered by Fusion Essence Cloud, and this deployment in Southeast Asia will help bring the benefits of innovative digital banking to the Philippines.

Anand Subbaraman, General Manager, Retail Banking at Finastra, said, “TONIK is well positioned to replicate the disruption that has taken place in Europe, where digital banks have quickly attracted millions of customers and billions of dollars in investor funding. Using digital technologies and a lower-cost operating model, TONIK will be able to offer customers the products and services they need, delivered in a convenient way, as well as increasing opportunities for financial inclusion in Asia. Fusion Essence Cloud is ideally suited to help TONIK achieve these goals, as well as see a fast return on its investment. We are extremely proud to be TONIK’s partner in bringing digital banking to the Philippines for the first time.”


SOURCE Finastra

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