Successfully implementing Agile within a global bank’s anti-money laundering team to meet regulatory demands

Our expert consultants helped steer the successful Agile transformation of a prominent investment bank’s AML department to make long-lasting changes for now and the future.

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Successfully embedded Agile across the organisation after two failed attempts by other consultancies.

Big Tick

Guided senior decision-makers towards successful implementation of Agile structures and processes.

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Coached hundreds of staff on Agile working methods.

Challenge

Our client, a global investment bank’s AML department, faced increasing pressure from the regulator and needed to deliver a solution quickly. The only way they could meet these demands was by adapting to industry changes and modernising their approach by implementing Agile. But after failing multiple times to do so, they sought out our leading Agile experts to help guide them to success.

Challenge

Solution

We rapidly deployed a team of experienced Agile consultants that could immediately get the ball rolling. Working alongside the senior management and key stakeholders, our team helped them see the power of Agile and how to begin implementing it effectively.

Through this approach, we were able to reach agreement on the best structure for their AML department and get the green light to proceed with the implementation.

Once we’d agreed the approach, we set about delivering it. Rolling out our industry leading training and mentoring to all colleagues in the AML department to give them the tools they needed to make the transition a success. Our team then worked with the client to fully embed Agile into their day-to-day work, helping them to drastically improve their operations.

Solution

Results

With effective training, mentoring and Agile processes in place, we helped our client to vastly improved their ways of working. Allowing them to hit their targets and satisfy the regulator.

Successes include:

  • Significantly reduced wasteful activities and processes, saving on delivery costs and lowering end-to-end cycle times.
  • Bringing together IT and the business into a new collaborative relationship to deliver solutions with agility at scale.
  • Implementing the structures needed to meet the regulators demands, both now and for the future.
Results

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Phillip Wood

Partner

Phillip Wood