Transformation Factory is a French consultancy expert in data management, transformation, operational risk and quantitative financial analysis. Apparity is a US‑based leader in EUC governance and spreadsheet risk management, providing a platform designed to help financial institutions identify, control, document, and monitor their critical EUCs with enterprise‑grade oversight.
This collaboration aims to offer French and European financial institutions a comprehensive approach to EUC governance, combining business advisory, risk methodology, tooling integration and operational implementation. Through this joint capability, institutions will have access to a strengthened operational control framework, improved transparency across critical EUCs, and enhanced regulatory alignment.
Both organizations will leverage their combined expertise to streamline EUC inventories, automate documentation workflows, reduce manual operational risk exposure, and implement sustainable control practices. Transformation Factory has launched a dedicated Operational Risk & EUC Control Practice that will oversee advisory, methodology, remediation programs and deployment support for institutions adopting Apparity’s technology.
For Abdelfattah Lachguer, CEO of Transformation Factory: “The acceleration of Artificial Intelligence and low-code capabilities has fundamentally altered the risk perimeter of End-User Computing. EUCs are no longer peripheral workarounds — they now sit at the core of financial and risk decision-making processes, and therefore fall squarely within regulatory expectations such as BCBS 239 for risk data governance and DORA’s digital operational resilience requirements. In this new environment, an unsecured spreadsheet or ungoverned model can represent the weakest link in an otherwise robust control framework.”
“Our approach responds to this paradigm shift by treating EUCs not as tactical fixes, but as strategic digital assets that must be governed, secured and operated with the same rigor as core systems. Coupled with Apparity’s technology capabilities, we provide a structured framework to embed controls, enforce auditability, and align EUCs with enterprise-wide operational and regulatory standards. This enables institutions to transform scattered EUC practices into a controlled, transparent and resilient environment — giving executive teams the confidence that decisions, calculations and reporting produced through EUCs are accurate, traceable and fully compliant.”
Chris Trammell, Apparity’s Head of Sales states: “The EUC risk space stands at a compelling, yet complicated time that finds financial institutions balancing an increasing number of internal and external pressures.
The proliferation of new EUC types, distributed user groups, and AI-enabled EUC creation have amplified the complexity in managing EUC risks at a time when users have competing priorities, risk-based or otherwise. External regulatory pressures – BCBS 239 & DORA in particular – have expanded the EUC definition and applied more formalized, rigorous standards for EUC risk management that treat EUCs akin to high-risk models and enterprise applications.
As has always been our recommendation, Apparity believes that an effective governance framework should combine a comprehensive policy, well-structure op model, and strong culture of risk management with best-in-class technology enablement. With Apparity’s technology and TF’s experience/expertise driving change in the EUC risk space, our partnership with Transformation Factory is an exciting opportunity to provide leading financial institutions with end-to-end support across this framework. Our organizations share similar philosophes not only on how to manage EUC risk, but in providing our customers with unparalleled service. We are excited at the future of this partnership and the potential it holds for banks, insurers, and asset / wealth managers.”
About Apparity
Headquartered in Atlanta, GA, Apparity provides the smartest platform for banks and insurers looking to efficiently manage mission-critical end user computing application risk. Apparity helps control the entire lifecycle of applications like spreadsheets, databases and scripts.
About Transformation Factory
Transformation Factory is a Paris-based strategic consulting firm that unites transformation specialists with strategy and regulatory experts to support organizations through complex change and sustainable growth. With a commitment to pragmatic, innovative, and human-centric approaches, Transformation Factory partners with clients from strategic definition to implementation, helping them adapt to the threats and opportunities of the new economy by combining data, innovation, and organizational insight. The firm works across transformation strategy, finance, risk and compliance, data and innovation, sustainable growth, and organizational development to deliver resilient, impactful outcomes for major European economic players.
