Adopting Agile and Lean approaches has helped DBS Bank become a leader in the digital banking sector. Managing disruption and shifting market conditions required adaptability during this transition. The Agile and Lean activities of the bank are supported by a partnership with SoftEd, a business that provides training programs and courses in Agile. It has been their goal to comprehend how to use technology for purposes other than projects and how to contextualize banking for the digital age. Along with adopting a start-up mentality, DBS Bank has emerged as one of the financial sector's top digital leaders. These collaborations and projects show the bank's commitment to using Agile and Lean approaches to propel innovation and market leadership.
An agile methodology is an iterative approach to software development that prioritizes cross-functional collaboration, frequent testing, building products incrementally from the beginning of a project, and adapting to changes and stakeholder feedback.
Lean methodology, which has its roots in lean manufacturing, aims to maximize value delivered to the customer by getting rid of wasteful activities.