An IT project manager's worldwide view on agile and hybrid methodologies in financial IT

In order to meet the rising expectations for rapidity, adaptability, and creativity in today's digital economy, more and more international financial IT projects are embracing Agile and hybrid approaches, such as Scrum and Kanban. Financial organizations are under intense pressure to both speed up their development cycles and guarantee compliance with regulatory standards like SOX, Basel III, and GDPR. The shift from Waterfall to Agile and hybrid models in heavily regulated financial settings is examined in this research. Highlighting iterative approaches that enhance response to security threats, fast shifting company needs, and market trends, we study emerging governance models that balance Agile's pace with compliance and audit requirements. Management buy-in, pilot projects, training, and cultural fit are some of the success and obstacle elements highlighted in this study, which draws from scholarly literature and business case reports. Lastly, in order to fulfill compliance demands, we present a specialized project management system that combines lean-Agile methodologies with clear regulatory controls and documentation needs. Financial institutions may strike a balance between innovation speed and regulatory constraints with this hybrid architecture, which guarantees regular delivery, ongoing feedback loops, and embedded governance checkpoints.

Authors

Publication Details

Journal
International Journal For Multidisciplinary Research
Published
2024-12-12
DOI
https://doi.org/10.36948/ijfmr.2024.v06i06.43725
Primary Topic
Business Process Modeling and Analysis
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

An IT project manager's worldwide view on agile and hybrid methodologies in financial IT

S. Chandramohan, Balajee Asish Brahmandam
International Journal For Multidisciplinary Research
Business Process Modeling and Analysis
article

An IT project manager's worldwide view on agile and hybrid methodologies in financial IT

S. Chandramohan, Balajee Asish Brahmandam
article en

Abstract

In order to meet the rising expectations for rapidity, adaptability, and creativity in today's digital economy, more and more international financial IT projects are embracing Agile and hybrid approaches, such as Scrum and Kanban. Financial organizations are under intense pressure to both speed up their development cycles and guarantee compliance with regulatory standards like SOX, Basel III, and GDPR. The shift from Waterfall to Agile and hybrid models in heavily regulated financial settings is examined in this research. Highlighting iterative approaches that enhance response to security threats, fast shifting company needs, and market trends, we study emerging governance models that balance Agile's pace with compliance and audit requirements. Management buy-in, pilot projects, training, and cultural fit are some of the success and obstacle elements highlighted in this study, which draws from scholarly literature and business case reports. Lastly, in order to fulfill compliance demands, we present a specialized project management system that combines lean-Agile methodologies with clear regulatory controls and documentation needs. Financial institutions may strike a balance between innovation speed and regulatory constraints with this hybrid architecture, which guarantees regular delivery, ongoing feedback loops, and embedded governance checkpoints.

International Journal For Multidisciplinary ResearchVol. 6(6)
Openalex Percentile: Top 52%
Business Process Modeling and Analysis
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.