FinTech

Financial institutions and traditional banks are adopting new business models and incorporating lean and Agile principles in order to keep up with the rapid pace of dedicated fintech providers.

While incumbent banks still rule the financial services industry globally, newer fintech providers provide a strong competitive advantage by quickly scaling cutting-edge technology solutions that, combined with banking licenses appeal to a younger and more customer Agile market that embraces rapid service and support, constant monitoring and connectivity and mobile app convenience.

In order to compete with fintech providers, financial institutions must evolve from their traditional systems and embrace tech and people Agility It’s expensive, requires considerable disruption, and takes time. But transforming to Lean-Agile culture helps accelerate their disruptive change allowing for faster adoption of business intelligence tools and systems.

This ability to quickly pivot and embrace Agile has led to rapid advancements across the financial services sector as a whole. OTI’s approach and methods, partnering with its financial services clients has provided quick wins in embracing nearshore and offshore labor opportunities, small rapid experiments and help clients leverage Agility for continuous adaption in a tightly regulated and controlled environment.

The frequent and small MVP delivery approach that OTI enhances and supplements with short, small team sprints and intensive coaching is validated in the rapid delivery of heavy, constant data-driven intelligence solutions for financial markets daily.