Agile in Financial Services: 10 Lessons From the Trenches

Report Summary

Agile in Financial Services: 10 Lessons From the Trenches

Financial institutions should use agile consultants to get through the transition, while vendors need to dedicate resources to their agile clients.

Boston, October 7, 2015 – There was a time when corporate IT departments and technology vendors spoke the same language and used the same methodology. But the financial services industry’s slow adoption of agile has divided the technology world. While agile is providing a highly flexible and efficient process for business and IT development, many companies continue to use waterfall methodology. Both financial institutions considering the move to an agile methodology and technology vendors contemplating the need to support them have a lot to consider.

This report identifies challenges companies face when converting methodologies and also identifies what vendors need to know about working with a company that utilizes agile. It leverages the author’s direct experiences in converting a financial institution to an agile methodology and is supplemented by 2015 interviews with financial institutions’ senior IT executives and agile consultants.

This is a 16-page Impact Note. Clients of Aite Group’s Institutional Securities & Investments, Wealth Management, Retail Banking & Payments, Health Insurance, Life Insurance, or P&C Insurance services can download this report.

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