Strategies for Delivering Agile Projects in the Banking & Finance Industry ?? ?? - part 2

In continuation of our newsletter article from our webinar held last week Thursday 12 September 2024, on: Strategies for Delivering Agile Projects in the Banking & Finance Industry presented by Seasoned Scrum Master and Senior Project Manager Thando Malinga we look at 3 key areas that are vital to efficient project delivery in the banking sector:

1. The importance of having Cross-Functional Agile Teams
2. Benefits of CI/CD (Continuous Integration/Continuous Deployment)
3. The necessity of Compliance during every stage of the project

Cross-Functional Agile Teams:????

• Having cross functional agile teams has been proven to accelerate delivery through faster collaboration.
• Ensure key stakeholders are involved from the outset, making sure they are involved and their expectations are communicated upfront.

• ?? Practical Example: Our speaker, Thando worked on a project where they were able to turn impossible deadlines into ahead-of-schedule delivery by assembling the right Agile team which included IT, Compliance, and Customer Service, allowing for early spotting and addressing of bottlenecks. ????

CI/CD (Continuous Integration/Continuous Deployment):????

• CI/CD helps banks deliver more efficiently. Having Centralized tools for tracking progress enhances transparency.
• Automated testing and monitoring tools speed up release processes while ensuring quality and compliance from day one.

• ?? Practical Example: A bank improved release cycles from 6 months to every 2 weeks by using CI/CD for faster, realistic releases. ????

Compliance:????

• Regulatory requirements are non-negotiable in banking, therefore it is important to ensure compliance is built into every Agile sprint.
• Using compliance tools integrated into the product backlog such as the ones in Atlassian Jira , together with automated testing tools helps identify and resolve issues before project completion.
• ?? Practical Example: Thando and her team implemented a project for compliance checks for new data laws and within each sprint the team ensured regulatory adherence throughout the development cycle. ???

In summary, integrating Agile practices such as PI Planning, cross-functional teams, and CI/CD into banking projects enables faster delivery, improved compliance, and increased collaboration. By embedding compliance from the start and fostering a Lean-Agile mindset, banks can deliver high-quality products efficiently while staying competitive and adaptive in a rapidly evolving industry.

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