A leading global private bank with 7,000 employees in 21 countries, managing close to €385 billion worth of assets.
Driven by increasing customer demand, as well as the industrial shift to ‘go digital’, the bank identified the urgency to digitalise its offers and become faster in new product delivery.
The organisation was working in silos with a lack of collaboration between business and IT. Moreover, the IT team was using waterfall approach with a time to market of 18 months.
People had no experience in developing digital applications and were not customer-centric. The company was lacking an innovation culture and agile practices.
The teams were distributed between Singapore, Chennai and Paris.