Strategic Enterprise Agile Transformation Propels Global Banking Forward - Altimetrik

Background

In the competitive global finance landscape, adaptability isn’t merely an advantage—it’s essential. For our client, a leading global banking institution, the imperative to evolve was evident. Confronted with challenges such as slower time-to-market, limited collaboration, and transparency issues, they pursued a transformative solution to streamline operations and stimulate growth.

Addressing Pain Points: Streamlining Operations for Growth

The Challenge

As a leading global banker our client struggled to meet the everchanging market needs:

• Slower time to market due to longer development cycles.
• Limited stakeholder engagement in the product development lifecycle.
• Siloed structure with insufficient collaboration between business and technology.
• Lack of transparency hindering progress tracking and issue resolution.

Crafting the Solution: Multi-faceted transformation strategy

Our Approach

Altimetrik Agility practitioners embarked on a multi-year, transformational initiative to foster alignment across Product, Operations, and Technology. This initiative aimed to optimize working and engineering practices across 8 lines of business, encompassing 11,000 technology members spanning North America, APAC, EMEA, and LATAM.

The transformation unfolded in waves, meticulously designed to drive organizational alignment:

Wave 1
Established foundational Agile practices, tools, and governance structures at the team level. This groundwork facilitated subsequent scaled Agile adoption and laid the groundwork for optimizing operational ecosystems.

Wave 2
Restructured teams around value streams and business capabilities at the program level. This fostered Agile Release Trains (ARTs), shifting from project-based to product-based delivery. This alignment ensured timely, predictable, and measurable value delivery.

Wave 3
Enhanced business agility and organizational maturity at the portfolio level through Lean Portfolio Management. This approach enabled clear investment traceability from strategy formulation to customer value realization.

Achieving Business Agility & Driving Results

The collaboration yielded transformative outcomes:

35% Increase in Productivity
Agile methodologies drove significant productivity gains, optimizing workflows and maximizing business value realization.

Streamlined Product Development Lifecycle
Standardized and governed scaled Agile practices streamlined processes across business, operations, and technology, enhancing overall efficiency.

Enhanced Agility
Launching over 45 Agile Release Trains and training more than 3000 individuals in Agile and DevOps fostered a culture of continuous improvement and responsiveness.

This collaboration underscores our resilience and foresight in fintech. Through advanced technology and strategic methodologies, we’ve empowered the client to navigate challenges and innovate confidently. Together, we’ve established a foundation for sustained growth, fostering agility, competitiveness, and readiness for the future.