State-Owned Commercial Bank:
Industry: Banking, Financial Services & Insurance
Delivery Center: Costa Rica
Industry: Banking, Financial Services & Insurance
Delivery Center: Costa Rica
Over the past decade, the FinTech industry has mostly shed its rigid structure of processes and frameworks, recognizing the pressing need to embrace technology and adapt swiftly to change.
Amidst this dynamic FinTech environment, banks faced a crucial challenge: how to stay competitive while evolving and delivering innovation. Adopting new practices and methodologies became imperative, with Agile frameworks emerging as the optimal solution.
Against this backdrop, one multinational bank embarked on a transformative journey. Recognizing the significance of implementing Agile frameworks, they sought to optimize processes, enhance standardization, and accelerate time-to-market.
With five solution departments, fifteen operational areas, and more than forty-five development teams, the client’s operations and processes seemed too complicated to be sustainable.
What was the heart of the problem? The client had stiff processes and was bound to the inherent strict rules and norms of the FinTech industry that stifled innovation. Additionally, projects were executed using the Waterfall approach, burdened by extensive and intricate requirements that often felt like an uphill battle. Moreover, the collaboration between IT areas and solution departments faltered, hindering progress and creating silos that suppressed creativity.
In the middle of all this, it became evident that the client was missing a standardized Agile framework. With no clear prioritization or estimation model in place, the path to streamlined value delivery remained elusive.
Helping the client navigate a complex structure, stringent regulations, limited collaboration, and the absence of a standardized Agile framework, Encora delivered meticulous assessments, trainings, and continuous improvement cycles towards greater agility.
Santa Clara, CA
+1 (480) 991 3635
letstalk@encora.com
Innovation Acceleration
Follow Us:
Santa Clara, CA
+1 (480) 991 3635
letstalk@encora.com
Innovation Acceleration
Follow Us: