Boston, April 13, 2016 – Treasury management products tend to be large and complex, with significant budgets, delays, and cost overruns, yet they still leave the customer dissatisfied. But the development methodology known as "agile" or "scrum" develops incrementally released products that focus on a satisfying customer experience, and it has begun finding its way to the banks and software vendors that are looking to build or upgrade their treasury management offerings. While product managers are certainly anxious to develop higher-quality products in less time and with fewer defects, their journey to embrace agile has been challenging.
This report focuses on the opportunities and challenges of agile development from the product management perspective, specifically those engaged in the development of treasury management products and services. It is based on a 2016 Aite Group survey of 18 treasury management product managers from both financial institutions and software vendors.
This 27-page Impact Note contains 18 figures. Clients of Aite Group’s Wholesale Banking & Payments service can download this report.